medium
Sell
20,000 shares
$771,670
Significance
5/10
CTO Matthew Madrigal sells 20,000 PINS shares at $38.58; retains 428,823 shares post-sale
Madrigal sold 20,000 shares (20.0K shares) at $38.58, reducing his position by -4.5% to 428,823 shares (428.8K shares). The transaction occurred when PINS was trading at $38.58, roughly 6% above the current price of $37.79 and 8.0% below the 52-week high of $41.10. The company has shown strong recent momentum with a 90-day gain of +46.8% and annual revenue growth of +19.4%, alongside a low P/E of 13.79. The sale represents a material but modest position reduction by a CTO who retains substantial holdings, occurring in the context of a stock recovery from depressed 52-week lows and elevated multiples near recent peaks.