Pinterest director Gokul Rajaram sells $23,982 in stock

Gokul Rajaram, a director at Pinterest, Inc. (NASDAQ:PINS), sold 1,050 shares of Class A Common Stock on October 21, 2026. The transaction, executed at a price of $22.84 per share, totaled $23,982. The sale comes as Pinterest stock trades at $22.95, down 30% over the past year, though InvestingPro analysis suggests the stock is undervalued relative to its Fair Value of $31.21.

The sale was conducted pursuant to a Rule 10b5-1 trading plan, which Mr. Rajaram adopted on November 25, 2025.

Following this transaction, Mr. Rajaram directly holds 35,146 shares of Class A Common Stock. This figure includes restricted stock units that are subject to vesting requirements. Additionally, Mr. Rajaram indirectly holds 3,957 shares through the Rajaram Family Revocable Trust. According to InvestingPro Tips, management has been aggressively buying back shares, with the company maintaining more cash than debt. For deeper insights, Pinterest is among 1,400+ US stocks covered by comprehensive Pro Research Reports.

In other recent news, Pinterest Inc announced the development of a new AI infrastructure layer in collaboration with NVIDIA, utilizing Blackwell GPUs. This new foundation aims to enhance multimodal AI products that integrate images and language, supporting features like visual search and content understanding. Meanwhile, Baird has reiterated a Neutral rating for Pinterest with a $26.00 price target following the resignation of CFO Julia Brau Donnelly, who is leaving to join a private company. The company has started an external search for her successor. Additionally, Phillip Securities has initiated coverage on Pinterest with a buy rating and a $30.00 price target, emphasizing the company’s potential in international monetization and advertising technology. Analyst Serena Lim Yi Qi highlighted Pinterest’s visual discovery capabilities and AI-powered tools as factors that could attract more advertisers. In the broader digital advertising landscape, Deutsche Bank noted that digital ad spending has been stronger than expected through the third quarter. Furthermore, an Evercore survey revealed that Meta and Google are leading in digital ad spending, with positive trends also noted for Amazon, Netflix, and Reddit.