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

Pinterest, Inc. (NYSE:PINS) Director Gokul Rajaram sold 1,050 shares of the company’s stock in a transaction dated 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 transaction, the director owned 40,396 shares in the company, valued at $807,920. This represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 stock was 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 stock was sold at an average price of $20.00, for a total transaction of $21,000.00.

Pinterest Trading Up 3.7%

PINS stock traded up $0.71 during mid-day trading on Wednesday, reaching $20.04. The company had a trading volume of 13,767,093 shares, compared to its average volume of 18,554,732. 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 PE ratio of 41.76, a price-to-earnings-growth ratio of 1.04 and a beta of 0.93. The firm has a 50 day moving average of $19.29 and a 200 day moving average of $22.07. Pinterest, Inc. has a 12 month low of $13.84 and a 12 month high of $39.93.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PINS. Bank of America reiterated a “neutral” rating and set a $19.00 price objective (down from $39.00) on shares of Pinterest in a research note on Friday, February 13th. Guggenheim increased their price objective on shares of Pinterest from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Wall Street Zen upgraded shares of Pinterest from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Piper Sandler reiterated a “neutral” rating and set a $26.00 price objective (up from $21.00) on shares of Pinterest in a research note on Tuesday, May 5th. Finally, Royal Bank Of Canada increased their price objective on shares of Pinterest from $17.00 to $23.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 5th. Sixteen analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.40.

Institutional Investors Weigh In On Pinterest

A number of hedge funds and other institutional investors have recently bought and sold shares of PINS. Snowden Capital Advisors LLC raised its holdings in shares of Pinterest by 4.4% in the second quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock worth $253,000 after buying an additional 296 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in shares of Pinterest by 3.9% in the second quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock worth $340,000 after buying an additional 358 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Pinterest by 46.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,330 shares of the company’s stock worth $42,000 after buying an additional 419 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Pinterest by 0.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 88,297 shares of the company’s stock worth $2,841,000 after buying an additional 448 shares during the last quarter. Finally, Central Pacific Bank Trust Division raised its holdings in shares of Pinterest by 0.5% in the fourth quarter. Central Pacific Bank Trust Division now owns 95,960 shares of the company’s stock worth $2,484,000 after buying an additional 464 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Key Headlines 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

About Pinterest

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.