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Rajaram Gokul, a director at Pinterest, Inc. (NYSE:PINS), recently sold 1,150 shares of Class A common stock. The transaction, executed under a Rule 10b5-1 trading plan on February 19, 2025, was completed at a price of $39.19 per share, totaling approximately $45,068. The sale comes as Pinterest, currently valued at $26.26 billion, trades near its 52-week high of $45.19, with the stock showing strong momentum, up 22% over the past six months.
Following this sale, Gokul holds 29,086 shares directly, which includes restricted stock units subject to vesting requirements. Additionally, he maintains an indirect ownership of 3,957 shares through the Rajaram Family Revocable Trust. According to InvestingPro, Pinterest maintains excellent financial health with a "GREAT" overall score, and investors can access detailed insider trading patterns and 13 additional exclusive ProTips through the platform’s comprehensive analysis tools.
In other recent news, Pinterest Inc . reported fourth-quarter earnings that exceeded consensus estimates, with a notable 18% year-over-year revenue increase. The company’s EBITDA also surpassed expectations, driven by growth in Average Revenue Per User and Monthly Active Users. Following these results, several firms adjusted their outlook on Pinterest. TD Cowen raised its price target to $46 and maintained a Buy rating, citing strategic initiatives like AI-led user engagement improvements. RBC Capital Markets increased its price target to $50, acknowledging Pinterest’s effective strategies in user engagement and advertising content enhancement. CFRA elevated its price target to $53, maintaining a Strong Buy rating, while highlighting Pinterest’s investments in AI and shoppable content. Benchmark reiterated a Buy rating with a $55 target, emphasizing the company’s progress in monetizing its first-party data. Lastly, Piper Sandler raised its price target to $41, maintaining a Neutral rating, and noted Pinterest’s improved revenue and EBITDA projections despite a competitive advertising landscape. These developments reflect a broad confidence in Pinterest’s strategic direction and potential for growth.
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