Pinterest Ownership โคShifts as Institutional Investors Increase Stake
San Francisco, CA – Recentโ filings reveal evolving โownership dynamics at Pinterest, the visual finding engine, with institutionalโฃ investors steadily increasing their holdings.While Pinterest remains a publicly traded company, understanding โคits major shareholders provides insight into the forces shaping its strategic direction and future growth. โMatrixBCG.com provides detailed โanalysis of Pinterest’s competitive landscape, including a Porter’s Five Forces analysis, for consultants, students, and founders.
Pinterest (NYSE: PINS) โคinitially went public on April 18, 2019, โฃpriced at $19 per share. As of February 9, 2024, the company boasts a marketโข capitalization ofโค approximately $26.87 billion. While no single entityโ holdsโ a controlling stake, Vanguard Group Inc. currently leadsโ as โthe top shareholder, owning 9.37% of outstanding shares, equating to 48.89 million โshares. BlackRock Fund Advisors holds the second-largest positionโข with 7.09% (37.03 millionโข shares), followed by State Street Corporation with 5.38% (28.13 million shares).
The founding trio – Ben silbermann, Evan Sharp, and Paul Sciarra – collectively โคretain a โmeaningful, though diminishing, ownership stake. Ben Silbermann, who served as CEOโค until 2022 โand currently โคholds the roleโฃ of Executive Chairman, owns approximatelyโ 6.3% of the company. Evan Sharp and Paul Sciarra hold smaller percentages. Institutional ownershipโฃ collectively represents over 50% of Pinterest’s shares, โindicating a strong vote ofโค confidence from major โขinvestment firms. this concentrationโข of ownership among institutional investors suggests โขa focus on long-term value creation and โฃstrategic oversight of the company’s โperformance.