Pinterest Announces $1 Billion Strategic Investment from Elliott and $2 Billion of Near-Term Share Repurchases
Pinterest, Inc. Class A (PINS)
Company Research
Source: Business Wire
Board of Directors authorizes new $3.5 billion share repurchase program$2.0 billion of near-term share repurchases to consist of $1.0 billion accelerated share repurchase and $1.0 billion of intended open-market share repurchases SAN FRANCISCO--(BUSINESS WIRE)--Pinterest, Inc. (NYSE: PINS) (“Pinterest” or the “Company”) today announced that affiliates of Elliott Investment Management, L.P. (“Elliott”), are investing $1.0 billion in Pinterest. Pinterest expects to use the proceeds from Elliott’s investment to repurchase shares of its Class A common stock via a $1.0 billion accelerated share repurchase (“ASR”) agreement.The ASR and future share repurchases will be conducted under a new $3.5 billion share repurchase program authorized by Pinterest’s Board of Directors, effective today. In addition to the ASR, Pinterest intends to repurchase up to an additional $500 million in shares from cash on hand pursuant to a 10b5-1 trading plan, subject to terms and conditions of the plan, marke
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News
- Here is What to Know Beyond Why Pinterest, Inc. (PINS) is a Trending Stock [Yahoo! Finance]Yahoo! Finance
- Pinterest (PINS) Soars 9% on New $1-Billion Investment [Yahoo! Finance]Yahoo! Finance
- Pinterest (PINS) had its "neutral" rating reaffirmed by Rosenblatt Securities. They now have a $20.00 price target on the stock.MarketBeat
- INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Pinterest, Inc. - PINSGlobeNewswire
- Pinterest Announces $1 Billion Strategic Investment from Elliott and $2 Billion of Near-Term Share Repurchases [Yahoo! Finance]Yahoo! Finance
PINS
Earnings
- 2/12/26 - Beat
PINS
Sec Filings
- 3/5/26 - Form 8-K
- 3/3/26 - Form 8-K
- 3/2/26 - Form 144
- PINS's page on the SEC website