Pure Storage, Inc. (NYSE:PSTG) CFO Timothy Riitters sold 25,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $15.85, for a total transaction of $396,250.00. The sale was disclosed in a document filed with the SEC, which is available through this link.

Timothy Riitters also recently made the following trade(s):

  • On Friday, September 8th, Timothy Riitters sold 5,000 shares of Pure Storage stock. The stock was sold at an average price of $14.56, for a total transaction of $72,800.00.
  • On Friday, September 1st, Timothy Riitters sold 55,000 shares of Pure Storage stock. The stock was sold at an average price of $14.82, for a total transaction of $815,100.00.
  • On Thursday, July 6th, Timothy Riitters sold 10,248 shares of Pure Storage stock. The stock was sold at an average price of $12.81, for a total transaction of $131,276.88.

Shares of Pure Storage, Inc. (NYSE:PSTG) traded down 0.06% during mid-day trading on Wednesday, reaching $15.76. 911,643 shares of the company traded hands. The stock’s 50 day moving average is $14.50 and its 200 day moving average is $12.53. Pure Storage, Inc. has a 52-week low of $9.12 and a 52-week high of $16.35. The stock’s market capitalization is $3.33 billion.

Pure Storage (NYSE:PSTG) last posted its 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 net margin of 29.55% and a negative return on equity of 46.12%. The business had revenue of $224.50 million for the quarter, compared to analyst estimates of $217.97 million. During the same quarter in the prior year, the firm earned ($0.16) EPS. The firm’s quarterly revenue was up 37.6% compared to the same quarter last year. On average, analysts anticipate that Pure Storage, Inc. will post ($0.22) earnings per share for the current year.

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Several institutional investors and hedge funds have recently bought and sold shares of the company. Bangor Savings Bank bought a new stake in shares of Pure Storage in the 2nd quarter worth about $1,026,000. Verition Fund Management LLC bought a new stake in shares of Pure Storage in the 2nd quarter worth about $184,000. Ameritas Investment Partners Inc. grew its holdings in shares of Pure Storage by 38.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,171 shares of the technology company’s stock worth $105,000 after purchasing an additional 2,284 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Pure Storage by 22.9% in the 2nd quarter. California State Teachers Retirement System now owns 164,907 shares of the technology company’s stock worth $2,112,000 after purchasing an additional 30,691 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Pure Storage by 33.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 75,526 shares of the technology company’s stock worth $968,000 after purchasing an additional 18,918 shares during the last quarter. 35.30% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have weighed in on the stock. Summit Redstone raised shares of Pure Storage from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Robert W. Baird reaffirmed a “hold” rating and issued a $14.00 price target on shares of Pure Storage in a report on Wednesday, June 14th. KeyCorp lifted their price target on shares of Pure Storage from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, August 25th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $15.00 price target (up from $13.00) on shares of Pure Storage in a report on Friday, August 25th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $16.00 price target (up from $15.00) on shares of Pure Storage in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Pure Storage has a consensus rating of “Buy” and a consensus price target of $15.65.

About Pure Storage

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.

Insider Buying and Selling by Quarter for Pure Storage (NYSE:PSTG)

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