Benjamin Silbermann Sells 102,083 Shares of Pinterest (NYSE:PINS) Stock

Key Points

• Benjamin Silbermann, Director of Pinterest, sold $3,742,362.78 worth of stock by selling 102,083 shares at an average price of $36.66 on September 17th.
• Pinterest recently reported earnings of $0.33 EPS, missing estimates, but saw revenue growth of 16.9% year-over-year with total revenue of $998.23 million.
• Analysts have a consensus target price of $42.40 for Pinterest, with 25 analysts rating the stock as a Buy and five as a Hold.

Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Benjamin Silbermann sold 102,083 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $36.66, for a total value of $3,742,362.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, September 10th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $35.09, for a total transaction of $3,582,092.47.
• On Wednesday, September 3rd, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The shares were 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 shares were 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 shares were 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 stock was sold at an average price of $35.50, for a total transaction 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 transaction of $3,614,759.03.
• On Wednesday, June 25th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $35.99, for a total transaction of $3,673,967.17.

Pinterest Trading Down 1.3%

Shares of PINS stock traded down $0.46 during trading hours on Friday, reaching $35.84. 11,901,891 shares of the stock were exchanged, compared to its average volume of 8,306,299. The firm has a market capitalization of $24.37 billion, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 1.50 and a beta of 0.77. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $40.90. The company's 50-day moving average price is $36.73 and its 200-day moving average price is $33.10.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly 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 business had revenue of $998.23 million during the quarter, compared to the consensus estimate of $973.42 million. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The company's revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS. Pinterest has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Pinterest, Inc. will post 0.6 EPS for the current year.

Institutional Investors Weigh In On Pinterest

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Pinterest by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 58,008,711 shares of the company's stock valued at $1,798,270,000 after purchasing an additional 1,263,863 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Pinterest by 25.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,892,284 shares of the company's stock worth $988,662,000 after purchasing an additional 6,460,143 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Pinterest by 15.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 17,818,418 shares of the company's stock valued at $638,969,000 after acquiring an additional 2,319,964 shares in the last quarter. Franklin Resources Inc. grew its holdings in Pinterest by 4.4% in the 2nd quarter. Franklin Resources Inc. now owns 16,862,033 shares of the company's stock valued at $604,673,000 after buying an additional 718,105 shares during the last quarter. Finally, Amundi boosted its stake in Pinterest by 618.9% in the 1st quarter. Amundi now owns 14,254,741 shares of the company's stock valued at $441,897,000 after buying an additional 12,271,958 shares in the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PINS shares. Piper Sandler set a $40.00 target price on shares of Pinterest in a research report on Friday, August 8th. JPMorgan Chase & Co. raised shares of Pinterest from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $35.00 to $40.00 in a report on Tuesday, June 3rd. Wells Fargo & Company set a $42.00 target price on shares of Pinterest and gave the company an "overweight" rating in a report on Tuesday, July 1st. Sanford C. Bernstein lifted their price objective on shares of Pinterest from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Finally, Wall Street Zen downgraded Pinterest from a "buy" rating to a "hold" rating in a research note on Sunday, September 7th. Twenty-five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $42.40.

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.