Pinterest, Inc. $PINS Shares Sold by Royal Bank of Canada

Royal Bank of Canada trimmed its position in Pinterest, Inc. (NYSE:PINS) by 5.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,248,639 shares of the company’s stock after selling 177,404 shares during the quarter. Royal Bank of Canada owned 0.48% of Pinterest worth $100,707,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PINS. Price T Rowe Associates Inc. MD grew its stake in shares of Pinterest by 25.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,892,284 shares of the company’s stock valued at $988,662,000 after buying an additional 6,460,143 shares in the last quarter. Contour Asset Management LLC acquired a new stake in shares of Pinterest during the 4th quarter worth approximately $86,330,000. Shapiro Capital Management LLC acquired a new stake in shares of Pinterest during the 4th quarter worth approximately $84,190,000. 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 worth $78,484,000 after purchasing an additional 2,478,708 shares during the period. Finally, Worldquant Millennium Advisors LLC raised its position in shares of Pinterest by 12,207.2% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 2,023,062 shares of the company’s stock worth $58,669,000 after purchasing an additional 2,006,624 shares during the period. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Pinterest

In other news, Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction dated Wednesday, July 16th. The stock was 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 in the company, valued at approximately $302,988.14. The trade was a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Donnelly Julia Brau sold 29,606 shares of Pinterest stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $34.25, for a total value of $1,014,005.50. Following the completion of the transaction, the chief financial officer owned 362,890 shares in the company, valued at $12,428,982.50. The trade was a 7.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 992,196 shares of company stock worth $35,442,008 over the last quarter. 7.11% of the stock is currently owned by corporate insiders.

Pinterest Stock Performance

Pinterest stock opened at $37.11 on Thursday. The business’s 50-day simple moving average is $36.59 and its 200-day simple moving average is $33.21. The firm has a market capitalization of $25.23 billion, a PE ratio of 13.30, a PEG ratio of 1.47 and a beta of 0.77. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $40.90.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 8.44% and a net margin of 49.31%.The company’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 earnings per share. Pinterest has set its Q3 2025 guidance at EPS. Research analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on the company. Benchmark raised their target price on Pinterest from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Cowen reiterated a “buy” rating on shares of Pinterest in a research report on Friday, August 8th. Bank of America increased their price target on Pinterest from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, August 8th. JPMorgan Chase & Co. raised Pinterest from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $35.00 to $40.00 in a research report on Tuesday, June 3rd. Finally, Barclays raised 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. Twenty-five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.40.

Pinterest Company Profile

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.