On September 27, 2024, Donnelly Brau, Chief Financial Officer of Pinterest Inc (PINS, Financial), executed a sale of 30,280 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 297,351 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 for recipes, home and style inspiration, and other areas. Users can create and share collections of visual bookmarks (boards) for their hobbies and interests.
The shares were sold at a price of $32.72 each, valuing the transaction at approximately $990,681.60. This sale is part of a broader trend observed over the past year, where the insider has sold a total of 156,753 shares and made no purchases. Overall, Pinterest Inc has seen 42 insider sells and no insider buys in the last year.
The company's market cap stands at approximately $22.21 billion, with the stock trading at a price-earnings ratio of 115.61. This ratio is significantly higher than both the industry median of 20.76 and the company's historical median.
Regarding valuation, Pinterest Inc's stock is considered Fairly Valued with a price-to-GF-Value ratio of 1.01, based on a GF Value of $32.55. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider sale might interest investors tracking ownership changes and evaluating the company's current valuation metrics, such as the price-sales ratio, price-book ratio, and price-to-free cash flow.
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.
