Pinterest, Inc. $PINS Shares Bought by Optas LLC

Optas LLC raised its holdings in Pinterest, Inc. (NYSE:PINS) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,315 shares of the company’s stock after purchasing an additional 442 shares during the period. Optas LLC’s holdings in Pinterest were worth $836,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Amundi raised its position in shares of Pinterest by 618.9% during the 1st quarter. Amundi now owns 14,254,741 shares of the company’s stock valued at $441,897,000 after acquiring an additional 12,271,958 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position 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 valued at $988,662,000 after acquiring an additional 6,460,143 shares in the last quarter. Swedbank AB raised its position in shares of Pinterest by 344.0% during the 1st quarter. Swedbank AB now owns 5,839,485 shares of the company’s stock valued at $181,024,000 after acquiring an additional 4,524,433 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Pinterest by 4,673.9% during the 1st quarter. Pacer Advisors Inc. now owns 2,531,741 shares of the company’s stock valued at $78,484,000 after acquiring an additional 2,478,708 shares in the last quarter. Finally, Congress Asset Management Co. acquired a new stake in shares of Pinterest during the 2nd quarter valued at approximately $82,516,000. 88.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Pinterest

In related news, CTO Matthew Madrigal sold 20,000 shares of the firm’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $38.58, for a total transaction of $771,600.00. Following the completion of the transaction, the chief technology officer owned 428,823 shares of the company’s stock, valued at $16,543,991.34. This trade represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Benjamin Silbermann sold 102,083 shares of the firm’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $36.01, for a total value of $3,676,008.83. Following the transaction, the director directly owned 8,414 shares of the company’s stock, valued at $302,988.14. This represents a 92.39% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 865,552 shares of company stock valued at $31,242,397. 7.06% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PINS shares. TD Cowen upped their price target on Pinterest from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, July 15th. Wedbush upped their price target on Pinterest from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Barclays increased their target price on Pinterest from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, August 8th. Susquehanna reaffirmed a “positive” rating and issued a $42.00 target price on shares of Pinterest in a research report on Friday, August 8th. Finally, Benchmark increased their target price on Pinterest from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.63.

Pinterest Stock Performance

NYSE:PINS opened at $31.80 on Thursday. Pinterest, Inc. has a 1 year low of $23.68 and a 1 year high of $40.90. The stock has a market cap of $21.62 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 1.31 and a beta of 0.81. The business has a fifty day moving average of $35.54 and a 200-day moving average of $33.15.

Pinterest (NYSE:PINS) last released 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 business had revenue of $998.23 million during the quarter, compared to the consensus estimate of $973.42 million. During the same period in the previous year, the company posted $0.29 EPS. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. Pinterest has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Pinterest, Inc. will post 0.6 EPS for the current year.

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.