What's Behind the Selling of PINS Shares?

Pinterest stock is trading -8.25% below its average target price of $40.22 after dropping -9.4% during today's afternoon session. Analysts are giving the large-cap Software company an average rating of buy and target prices ranging from $25.0 to $50.0 per share.

Pinterest has an average level of shares sold short, at 7.0% of its total share float. The stock's short ratio (also called days to cover) is 5.47. The company's insiders own 0.98% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Institutional investors own 90.0% of Pinterest's shares, which indicates they have a high level of confidence in the company.

Institutions Invested in Pinterest

Date Reported Holder Percentage Shares Value
2023-09-30 Vanguard Group Inc 9% 54,909,357 $2,026,155,357
2023-09-30 Blackrock Inc. 6% 34,413,329 $1,269,851,892
2023-09-30 Price (T.Rowe) Associates Inc 5% 28,855,461 $1,064,766,554
2023-09-30 Elliott Investment Management L.p. 5% 28,000,000 $1,033,200,042
2023-09-30 Macquarie Group Limited 4% 21,246,643 $784,001,159
2023-09-30 Barclays Plc 3% 15,565,141 $574,353,726
2023-09-30 State Street Corporation 2% 11,935,257 $440,411,001
2023-09-30 Ameriprise Financial, Inc. 2% 11,122,436 $410,417,905
2023-12-31 Baillie Gifford and Company 2% 9,305,759 $343,382,521
2023-09-30 Marshall Wace LLP 2% 8,944,129 $330,038,373
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.