On August 27, 2024, Wanjiku Walcott, Chief Legal & Business Affairs Officer of Pinterest Inc (PINS, Financial), sold 11,767 shares of the company. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 277,041 shares of Pinterest Inc.
Pinterest Inc operates as a visual discovery engine in the United States and internationally. The platform allows users to find ideas like recipes, home and style inspiration, and more. Users can create boards to save what they find and learn new things.
Over the past year, Wanjiku Walcott has sold a total of 46,256 shares of Pinterest Inc and has not made any purchases of the stock. This recent sale is part of a broader trend observed over the past year, where Pinterest Inc has seen a total of 45 insider sells and no insider buys.
On the day of the sale, shares of Pinterest Inc were trading at $31.57. This pricing gives the company a market cap of approximately $21.41 billion. The price-earnings ratio of the company stands at 111.68, significantly above both the industry median and the company's historical median.
According to the GF Value, an intrinsic value estimate calculated by GuruFocus, Pinterest Inc is currently fairly valued with a price-to-GF-Value ratio of 0.98, based on a GF Value of $32.21. This valuation considers historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might interest investors tracking insider behaviors or those looking for signals about the company's stock valuation and future performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
