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Walcott Wanjiku Juanita, the Chief Legal & Business Affairs Officer at Pinterest, Inc. (NYSE:PINS), recently sold a significant portion of the company’s Class A common stock. According to a recent SEC filing, Juanita sold 12,253 shares at a weighted average price of $32.24 per share, totaling approximately $395,044. These transactions were executed under a Rule 10b5-1 trading plan, allowing insiders to set up a predetermined schedule for selling stocks. Following this sale, Juanita holds 228,510 shares, including restricted stock units subject to vesting requirements. The company maintains robust liquidity with a current ratio of 8.75 and has demonstrated strong revenue growth of 19.35% over the last twelve months. For comprehensive insider trading analysis and additional financial metrics, visit InvestingPro, where you’ll find detailed insights in the Pro Research Report.
In other recent news, Pinterest Inc reported fourth-quarter earnings that exceeded expectations, with a notable 18% increase in revenue year-over-year. The company’s EBITDA surpassed consensus estimates by 6%, driven by growth in Average Revenue Per User (ARPU) and Monthly Active Users (MAU). Analysts from Guggenheim upgraded Pinterest’s stock rating to Buy, citing robust user growth and engagement metrics, and set a new price target of $40. TD Cowen maintained its Buy rating and raised its price target to $46, highlighting the success of Pinterest’s Performance+ advertising suite. RBC Capital Markets also lifted its price target to $50, pointing to Pinterest’s effective strategies in enhancing user engagement and advertising content quality. CFRA analyst Angelo Zino increased the price target to $53, maintaining a Strong Buy rating, and noted the company’s potential for margin expansion and investments in AI. Pinterest’s introduction of Performance+ is expected to drive further revenue growth, with analysts optimistic about the company’s strategic focus and financial health.
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