Pinterest (NYSE:PINS) Director Gokul Rajaram Sells 1,050 Shares

Key Points

• Pinterest director Gokul Rajaram sold 1,050 shares at $20.00 each for a total of $21,000, leaving him with 40,396 shares. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
• Pinterest recently topped earnings expectations, reporting $0.27 EPS versus the $0.22 estimate and revenue of $1.01 billion, up 17.8% year over year. The company’s stock was trading around $20.04, well below its 52-week high of $39.93.
• Legal uncertainty remains a theme for Pinterest, with multiple class-action notices and a securities-fraud lawsuit filing drawing attention to a May 29 lead-plaintiff deadline. These updates are largely procedural but may still weigh on sentiment.

Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Gokul Rajaram sold 1,050 shares of the business's stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $20.00, for a total transaction of $21,000.00. Following the completion of the sale, the director owned 40,396 shares in the company, valued at approximately $807,920. The trade was a 2.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gokul Rajaram also recently made the following trade(s):

• On Wednesday, April 15th, Gokul Rajaram sold 2,100 shares of Pinterest stock. The shares were sold at an average price of $20.00, for a total transaction of $42,000.00.
• On Friday, March 6th, Gokul Rajaram sold 1,050 shares of Pinterest stock. The shares were sold at an average price of $20.00, for a total transaction of $21,000.00.

Pinterest Price Performance

Shares of NYSE PINS traded up $0.71 during mid-day trading on Wednesday, hitting $20.04. 13,767,093 shares of the company's stock traded hands, compared to its average volume of 18,554,732. The company's 50-day moving average is $19.29 and its two-hundred day moving average is $22.07. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.23 and a quick ratio of 4.23. The company has a market capitalization of $11.23 billion, a P/E ratio of 41.76, a PEG ratio of 1.04 and a beta of 0.93. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $39.93.

Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. The firm had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $965.84 million. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. The business's revenue was up 17.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 EPS. On average, equities analysts anticipate that Pinterest, Inc. will post 0.68 EPS for the current fiscal year.

Key Stories Impacting Pinterest

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Outside commentary from Zacks framed Pinterest as a “top value stock for the long term,” which may be helping reinforce a more constructive investor view on the stock. Article: Why Pinterest (PINS) is a Top Value Stock for the Long-Term
• Neutral Sentiment: Multiple law firms issued reminders about a May 29 lead-plaintiff deadline in the ongoing securities class action against Pinterest. These notices keep the lawsuit in focus, but they are largely procedural updates rather than new allegations. Article: PINS Deadline Alert: Rosen Leading Investor Counsel...
• Neutral Sentiment: Additional class-action announcements from several firms reiterated that investors who bought Pinterest shares during the alleged class period may seek lead-plaintiff status, extending legal uncertainty around the name. Article: SHAREHOLDER ALERT Bernstein Liebhard LLP...
• Neutral Sentiment: Pinterest director Gokul Rajaram sold 1,050 shares under a pre-arranged 10b5-1 plan. The sale was small relative to his remaining holdings, so it is unlikely to be a major negative signal on its own. Article: Gokul Rajaram insider trade
• Negative Sentiment: The new securities-fraud lawsuit filing against Pinterest and repeated plaintiff-deadline alerts could weigh on sentiment by highlighting legal risk and potential distraction for management. Article: Pomerantz Law Firm Announces the Filing of a Class Action Against Pinterest

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PINS shares. Piper Sandler restated a "neutral" rating and set a $26.00 target price (up from $21.00) on shares of Pinterest in a research report on Tuesday, May 5th. BMO Capital Markets restated an "outperform" rating and set a $30.00 target price on shares of Pinterest in a research report on Tuesday, May 5th. The Goldman Sachs Group restated a "buy" rating and set a $28.00 target price on shares of Pinterest in a research report on Tuesday, May 5th. KeyCorp cut their price target on shares of Pinterest from $40.00 to $35.00 and set an "overweight" rating on the stock in a report on Tuesday, February 3rd. Finally, Wedbush cut their price target on shares of Pinterest from $30.00 to $16.00 and set a "neutral" rating on the stock in a report on Friday, February 13th. Sixteen equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $27.40.

Hedge Funds Weigh In On Pinterest

Hedge funds have recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp grew its holdings in Pinterest by 3,839.1% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company's stock valued at $29,000 after purchasing an additional 883 shares during the last quarter. Elevated Capital Advisors LLC bought a new position in Pinterest in the 4th quarter worth about $26,000. Caitong International Asset Management Co. Ltd grew its stake in Pinterest by 2,017.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company's stock worth $29,000 after acquiring an additional 1,049 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Pinterest by 46.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,330 shares of the company's stock worth $42,000 after acquiring an additional 419 shares in the last quarter. Finally, Addison Advisors LLC grew its stake in Pinterest by 727.3% in the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company's stock worth $35,000 after acquiring an additional 1,200 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors.

Pinterest Company Profile

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate "Pins" — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company's primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.

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