A number of firms have modified their ratings and price targets on shares of Pure Storage (NYSE: PSTG) recently:

  • 9/13/2017 – Pure Storage was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/11/2017 – Pure Storage was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 8/26/2017 – Pure Storage was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 8/25/2017 – Pure Storage was upgraded by analysts at Summit Redstone from a “hold” rating to a “buy” rating.
  • 8/25/2017 – Pure Storage had its price target raised by analysts at KeyCorp from $17.00 to $18.00. They now have an “overweight” rating on the stock.
  • 8/25/2017 – Pure Storage had its “hold” rating reaffirmed by analysts at Maxim Group. They now have a $15.00 price target on the stock.
  • 8/25/2017 – Pure Storage had its “ourperform” rating reaffirmed by analysts at William Blair.
  • 8/25/2017 – Pure Storage had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $13.50 price target on the stock.
  • 8/25/2017 – Pure Storage had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $15.00 price target on the stock, up previously from $13.00.
  • 8/25/2017 – Pure Storage had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $16.00 price target on the stock, up previously from $15.00.
  • 8/24/2017 – Pure Storage was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/24/2017 – Pure Storage had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $14.00 price target on the stock.
  • 8/14/2017 – Pure Storage was downgraded by analysts at Maxim Group from a “buy” rating to a “hold” rating. They now have a $15.00 price target on the stock, down previously from $20.00.
  • 8/14/2017 – Pure Storage was given a new $14.00 price target on by analysts at Robert W. Baird. They now have a “hold” rating on the stock.
  • 8/1/2017 – Pure Storage was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/27/2017 – Pure Storage was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 7/25/2017 – Pure Storage was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/19/2017 – Pure Storage was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of Pure Storage, Inc. (NYSE:PSTG) opened at 14.50 on Friday. The firm has a 50-day moving average price of $13.43 and a 200-day moving average price of $12.03. The stock’s market cap is $3.07 billion. Pure Storage, Inc. has a 1-year low of $9.12 and a 1-year high of $15.14.

Pure Storage (NYSE:PSTG) last issued its quarterly earnings results on Thursday, August 24th. The technology company reported ($0.11) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.20. Pure Storage had a negative return on equity of 46.12% and a negative net margin of 29.55%. The company had revenue of $224.50 million for the quarter, compared to the consensus estimate of $217.97 million. During the same quarter in the prior year, the business earned ($0.16) EPS. Pure Storage’s revenue was up 37.6% on a year-over-year basis. Equities analysts forecast that Pure Storage, Inc. will post ($0.21) EPS for the current year.

In other news, Director Michelangelo Volpi sold 412,514 shares of the company’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $13.02, for a total transaction of $5,370,932.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Timothy Riitters sold 10,248 shares of the company’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $12.81, for a total value of $131,276.88. Following the transaction, the chief financial officer now directly owns 227,200 shares of the company’s stock, valued at $2,910,432. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 923,160 shares of company stock worth $12,245,513. 46.58% of the stock is owned by company insiders.

Pure Storage, Inc provides a data platform. The Company is focused on delivering software-defined all-flash solutions that are fast and cloud-capable for customers, enabling customers to put data to work for their businesses. Its data platform replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory.

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