Insider Selling: Pinterest (NYSE:PINS) Director Sells 102,083 Shares of Stock

Key Points

• Benjamin Silbermann, Director of Pinterest, sold 102,083 shares of the company's stock on September 10th for a total of $3,582,092.47 at an average price of $35.09.
• Pinterest's stock has seen a recent decline of 0.8%, trading at $35.01, with a market capitalization of $23.80 billion.
• Several analysts have increased their price targets on Pinterest shares, with KeyCorp raising their target from $40 to $45, reflecting a positive outlook on the stock.

Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $35.09, for a total value of $3,582,092.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Benjamin Silbermann also recently made the following trade(s):

• On Wednesday, September 3rd, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $37.04, for a total transaction of $3,781,154.32.
• On Wednesday, August 27th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $36.03, for a total transaction of $3,678,050.49.
• On Wednesday, August 20th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $34.96, for a total transaction of $3,568,821.68.
• On Wednesday, July 23rd, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The shares were sold at an average price of $37.95, for a total transaction of $3,874,049.85.
• On Wednesday, July 16th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $36.01, for a total transaction of $3,676,008.83.
• On Wednesday, July 9th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The shares were sold at an average price of $35.50, for a total value of $3,623,946.50.
• On Wednesday, July 2nd, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $35.41, for a total value of $3,614,759.03.
• On Wednesday, June 25th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The shares were sold at an average price of $35.99, for a total value of $3,673,967.17.
• On Wednesday, June 18th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $34.82, for a total value of $3,554,530.06.

Pinterest Stock Down 0.8%

Shares of NYSE PINS traded down $0.28 during trading hours on Thursday, hitting $35.01. The company had a trading volume of 13,483,478 shares, compared to its average volume of 8,080,559. The stock has a market capitalization of $23.80 billion, a P/E ratio of 66.58, a price-to-earnings-growth ratio of 1.48 and a beta of 0.77. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $40.90. The firm's 50 day moving average is $36.70 and its 200-day moving average is $33.13.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). Pinterest had a return on equity of 8.44% and a net margin of 49.31%.The firm had revenue of $998.23 million for the quarter, compared to the consensus estimate of $973.42 million. During the same period last year, the company posted $0.29 earnings per share. The business's revenue was up 16.9% compared to the same quarter last year. Pinterest has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on PINS shares. KeyCorp increased their price target on shares of Pinterest from $40.00 to $45.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. UBS Group boosted their price objective on shares of Pinterest from $44.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Cowen reissued a "buy" rating on shares of Pinterest in a research report on Friday, August 8th. Stifel Nicolaus increased their price target on Pinterest from $46.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, Bank of America boosted their target price on Pinterest from $41.00 to $44.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Twenty-five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $42.40.

Institutional Trading of Pinterest

Several institutional investors and hedge funds have recently made changes to their positions in the company. Golden State Wealth Management LLC grew its position in Pinterest by 282.7% in the 2nd quarter. Golden State Wealth Management LLC now owns 685 shares of the company's stock worth $25,000 after purchasing an additional 506 shares in the last quarter. Bartlett & CO. Wealth Management LLC purchased a new position in shares of Pinterest in the 1st quarter worth approximately $25,000. Garde Capital Inc. bought a new position in shares of Pinterest in the first quarter valued at approximately $26,000. NBC Securities Inc. increased its position in shares of Pinterest by 99,900.0% during the first quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock valued at $31,000 after acquiring an additional 999 shares during the last quarter. Finally, West Branch Capital LLC purchased a new stake in shares of Pinterest during the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 88.81% of the company's stock.

About Pinterest

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.

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