Pinterest Inc. shares declined 1.8% in pre-market trading on Monday after the company disclosed the resignation of Chief Financial Officer Julia Brau Donnelly, effective Oct. 30, 2026.
The social media company also named Vikram Naidu, its current VP of Finance and Business Operations, as interim Principal Financial Officer. Brau Donnelly will leave to join a private, early-stage company, according to a regulatory filing.
The news triggered a selloff of as much as 3.8% in after-hours trading on Friday, coinciding with broader weakness in growth-oriented technology and consumer internet stocks. The S&P 500, Dow Jones Industrial Average and Nasdaq edged marginally lower in pre-market trading, pressured by hawkish remarks from Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium, which heightened expectations for a potential September rate hike.
Analyst Colin Sebastian of Baird reiterated a Neutral rating on Pinterest with a price target of $26.00, reflecting limited near-term upside potential. The analyst cited the CFO departure as a notable change, though the company has historically emphasized revenue growth under Brau Donnelly’s tenure.
Pinterest’s shares were quoted at $22.78 during Monday’s pre-market session. The company’s short interest stands at roughly 11.81% of its float, according to recent data.
