Pinterest (NYSE:PINS) CAO Sells $131,414.64 in Stock

Key Points

• Pinterest's CAO, Andrea Acosta, sold 3,759 shares worth $131,414.64 on August 22, decreasing her ownership by 2.33% to approximately 157,402 shares.
• The company's stock traded down 0.2% to $35.54, with a market capitalization of $24.16 billion and a 12-month trading range between $23.68 and $40.90.
• An earnings report from August 7 revealed a missed EPS estimate of $0.33, despite revenue exceeding expectations at $998.23 million, reflecting a 16.9% year-over-year increase.

Pinterest, Inc. (NYSE:PINS - Get Free Report) CAO Andrea Acosta sold 3,759 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $34.96, for a total transaction of $131,414.64. Following the transaction, the chief accounting officer owned 157,402 shares of the company's stock, valued at approximately $5,502,773.92. The trade was a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Pinterest Trading Down 0.2%

NYSE:PINS traded down $0.07 during trading hours on Monday, hitting $35.54. 7,751,129 shares of the company traded hands, compared to its average volume of 11,888,044. The stock has a market capitalization of $24.16 billion, a price-to-earnings ratio of 67.19, a P/E/G ratio of 1.43 and a beta of 0.78. Pinterest, Inc. has a twelve month low of $23.68 and a twelve month high of $40.90. The firm has a 50-day moving average of $36.33 and a 200 day moving average of $33.26.

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

Analysts Set New Price Targets

PINS has been the subject of a number of recent research reports. BMO Capital Markets dropped their price objective on shares of Pinterest from $46.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. TD Cowen increased their price objective on shares of Pinterest from $40.00 to $43.00 and gave the company a "buy" rating in a research note on Tuesday, July 15th. Susquehanna restated a "positive" rating and issued a $42.00 price objective on shares of Pinterest in a research note on Friday, August 8th. UBS Group increased their price objective on shares of Pinterest from $44.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, Wall Street Zen cut shares of Pinterest from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Twenty-five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.40.

Institutional Investors Weigh In On Pinterest

A number of hedge funds have recently added to or reduced their stakes in PINS. Revolve Wealth Partners LLC bought a new stake in Pinterest during the 4th quarter worth about $252,000. Dimensional Fund Advisors LP boosted its stake in shares of Pinterest by 9.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,754,338 shares of the company's stock valued at $50,878,000 after purchasing an additional 144,498 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Pinterest by 113.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 28,165 shares of the company's stock valued at $817,000 after purchasing an additional 14,978 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Pinterest by 13.9% in the 4th quarter. Stifel Financial Corp now owns 266,654 shares of the company's stock valued at $7,733,000 after purchasing an additional 32,526 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Pinterest by 1.4% in the 4th quarter. Hsbc Holdings PLC now owns 398,057 shares of the company's stock valued at $11,552,000 after purchasing an additional 5,443 shares during the last quarter. 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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