Pinterest chief legal officer Walcott sold $410k in stock

Published 01/07/2025, 01:24
Pinterest chief legal officer Walcott sold $410k in stock

Wanjiku Juanita Walcott, Chief Legal & Bus Affairs Ofc. at Pinterest, INC. (NYSE:PINS), sold 11,510 shares of Class A Common Stock on June 27, 2025, for approximately $410,681. The sales were executed at weighted average prices ranging from $35.6800 to $35.7150 per share.

Following the transaction, Walcott directly owns 390,230 shares of Pinterest, INC. It should be noted that this number includes restricted stock units subject to vesting requirements. The company maintains a strong balance sheet with a healthy current ratio of 8.4 and minimal leverage, as indicated by its low debt-to-equity ratio of 0.03. Get deeper insights into Pinterest’s financial health with InvestingPro, which offers 12 additional key investment tips and comprehensive analysis.

The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 22, 2024. Pinterest’s next earnings report is scheduled for August 5, 2025, where investors can expect updates on the company’s financial performance and growth trajectory.

In other recent news, Pinterest Inc . reported first-quarter earnings that surpassed Wall Street’s expectations, with revenue and EBITDA figures exceeding estimates by 1% and 4%, respectively, according to Visible Alpha. The company provided a positive revenue growth forecast for the second quarter of 2025, projecting an increase of 12-15%, which is slightly above the previous consensus. Analysts have responded to Pinterest’s performance with mixed ratings. Benchmark maintained a Buy rating with a $45 target, highlighting strong first-quarter results and potential market share gains. Cantor Fitzgerald raised its price target from $35 to $39, maintaining an Overweight rating, citing Pinterest’s robust advertising demand and strategic initiatives.

Meanwhile, Piper Sandler kept a Neutral rating and a $34 price target, acknowledging Pinterest’s resilience but expressing concerns over finding significant growth drivers. In corporate governance news, Pinterest held its annual stockholder meeting, where shareholders approved the election of directors and amendments to the company’s bylaws. These amendments include officer exculpation and enhanced procedural requirements for director nominations. Additionally, Piper Sandler noted that the digital advertising market is strengthening, projecting a 6.3% year-over-year growth for the second quarter of 2025, indicating a favorable environment for companies like Pinterest.

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