Christine Deputy Cashes Out: Pinterest Inc Chief People Officer Sells 22459 Shares

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Christine Deputy, Chief People Officer of Pinterest ($NYSE:PINS) Inc, has recently sold 22459 shares. The sale of the shares is a part of a larger move by Deputy to cash out a portion of her holdings in the company. Pinterest Inc is a company that operates a social media website and mobile app that allows users to share images and videos with friends.

The site and app allow users to “pin” images, videos and other objects to virtual boards, which they can then share with others. With the sale of these 22459 shares, Deputy is continuing to show strong confidence in the company’s future prospects.

Price History

On Tuesday, the opening price of a single share of Pinterest was $36.4, and at the day’s close, the price had dropped by 2.2% to $36.2. This was a decrease from the prior closing price of $37.0. Deputy’s decision to cash out has raised questions among analysts as to why she chose to do so and what it could mean for the future of Pinterest Inc. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Pinterest. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Pinterest. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Pinterest. More…

Key Ratios Snapshot

Some of the financial key ratios for Pinterest are shown below. More…

Analysis

GoodWhale conducted an analysis of PINTEREST’s fundamentals and found that it had a high health score of 7/10 with regard to its cashflows and debt, enabling it to safely ride out any crisis without the risk of bankruptcy. Additionally, PINTEREST is strong in asset, growth, and profitability, and weak in dividend. We classified PINTEREST as a ‘gorilla’, a type of company we conclude that achieved stable and high revenue or earning growth due to its strong competitive advantage. Given these qualities, we believe that PINTEREST would be an attractive investment for long-term investors looking to capitalize on consistent returns and capital appreciation. Similarly, growth investors who prioritize capital appreciation may find PINTEREST to be an attractive choice as well, as the company is well positioned to take advantage of the growth opportunities available in the market. Pinterest_Inc_Chief_People_Officer_Sells_22459_Shares”>More…

Peers

The social media landscape is constantly changing and evolving, which can make it hard to keep up with the competition. The company has been growing in popularity in recent years, but faces stiff competition from other social media giants such as Meta Platforms Inc, Twitter Inc, and Snap Inc.

– Meta Platforms Inc ($NYSE:TWTR)

Twitter, Inc. is an American microblogging and social networking service on which users post and interact with messages known as “tweets”. Registered users can post, like, and retweet tweets, but unregistered users can only read them. The company was founded in March 2006 by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams and has more than 24,000 employees.

– Twitter Inc ($NYSE:SNAP)

Snap Inc has a market cap of 15.45B as of 2022. The company has a Return on Equity of -20.9%. Snap Inc is a camera company. The company’s flagship product, Snapchat, is a camera app that allows users to take photos, record videos, add text and drawings, and send them to recipients.

Summary

This transaction could be seen as an indication of insider confidence in the stock. Analysts are bullish on Pinterest’s future prospects and believe the company has a bright future ahead. Pinterest’s advertising base has also grown significantly. Given its current price and strong fundamentals, investing in Pinterest could be a wise decision.