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

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $35.09, for a total transaction of $3,582,092.47. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 shares were 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 shares were 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.
• 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 transaction of $3,554,530.06.

Pinterest Trading Up 0.2%

PINS opened at $35.04 on Friday. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $40.90. The company has a market capitalization of $23.82 billion, a PE ratio of 12.56, a PEG ratio of 1.46 and a beta of 0.77. The firm’s 50 day simple moving average is $36.68 and its two-hundred day simple moving average is $33.12.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.33 earnings per share 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 business had revenue of $998.23 million during the quarter, compared to the consensus estimate of $973.42 million. During the same quarter in the previous year, the business posted $0.29 earnings per share. The firm’s revenue was up 16.9% on a year-over-year basis. Pinterest has set its Q3 2025 guidance at EPS. Equities analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PINS has been the topic of several recent research reports. 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 increased their price target on shares of Pinterest from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Monness Crespi & Hardt increased their price objective on shares of Pinterest from $40.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Sanford C. Bernstein increased their price objective on shares of Pinterest from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Finally, TD Cowen increased their price objective on shares of Pinterest from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, July 15th. Twenty-five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Pinterest presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.40.

Hedge Funds Weigh In On Pinterest

Several institutional investors have recently bought and sold shares of PINS. Revolve Wealth Partners LLC purchased a new position in Pinterest during the fourth quarter valued at $252,000. Baird Financial Group Inc. grew its stake in Pinterest by 18.3% during the fourth quarter. Baird Financial Group Inc. now owns 7,257 shares of the company’s stock valued at $210,000 after acquiring an additional 1,124 shares in the last quarter. Cetera Investment Advisers grew its stake in Pinterest by 41.5% during the fourth quarter. Cetera Investment Advisers now owns 85,980 shares of the company’s stock valued at $2,493,000 after acquiring an additional 25,233 shares in the last quarter. CoreCap Advisors LLC grew its stake in Pinterest by 98.5% during the fourth quarter. CoreCap Advisors LLC now owns 2,096 shares of the company’s stock valued at $61,000 after acquiring an additional 1,040 shares in the last quarter. Finally, EP Wealth Advisors LLC grew its stake in Pinterest by 9.3% during the fourth quarter. EP Wealth Advisors LLC now owns 7,706 shares of the company’s stock valued at $223,000 after acquiring an additional 656 shares in the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

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.