Pure Storage, Inc. (NYSE:PSTG) President David Hatfield sold 1,853 shares of Pure Storage stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $15.55, for a total transaction of $28,814.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

David Hatfield also recently made the following trade(s):

  • On Wednesday, September 27th, David Hatfield sold 40,000 shares of Pure Storage stock. The stock was sold at an average price of $16.00, for a total transaction of $640,000.00.
  • On Monday, September 18th, David Hatfield sold 30,000 shares of Pure Storage stock. The stock was sold at an average price of $14.66, for a total transaction of $439,800.00.

Shares of Pure Storage, Inc. (PSTG) traded up 1.20% on Wednesday, reaching $16.01. 1,403,161 shares of the company traded hands. Pure Storage, Inc. has a 1-year low of $9.12 and a 1-year high of $16.35. The company has a 50-day moving average of $14.94 and a 200-day moving average of $12.73. The stock’s market capitalization is $3.39 billion.

Pure Storage (NYSE:PSTG) last released its quarterly earnings results on Thursday, August 24th. The technology company reported ($0.11) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.20. The company had revenue of $224.50 million for the quarter, compared to analyst estimates of $217.97 million. Pure Storage had a negative net margin of 29.55% and a negative return on equity of 46.12%. The firm’s revenue was up 37.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.16) earnings per share. Analysts anticipate that Pure Storage, Inc. will post ($0.22) earnings per share for the current fiscal year.

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A number of equities research analysts have commented on the stock. BidaskClub downgraded shares of Pure Storage from a “hold” rating to a “sell” rating in a research report on Wednesday. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $20.00 target price (up previously from $18.00) on shares of Pure Storage in a research report on Thursday, October 5th. UBS AG reaffirmed a “buy” rating and issued a $18.00 target price (up previously from $15.00) on shares of Pure Storage in a research report on Monday, September 25th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Pure Storage in a research report on Saturday, September 23rd. Finally, ValuEngine downgraded shares of Pure Storage from a “hold” rating to a “sell” rating in a research report on Monday, September 11th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Pure Storage has an average rating of “Buy” and an average price target of $15.95.

Hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. grew its position in Pure Storage by 38.8% during the second quarter. Ameritas Investment Partners Inc. now owns 8,171 shares of the technology company’s stock valued at $105,000 after buying an additional 2,284 shares during the period. BNP Paribas Arbitrage SA grew its position in Pure Storage by 641.5% during the second quarter. BNP Paribas Arbitrage SA now owns 11,649 shares of the technology company’s stock valued at $149,000 after buying an additional 10,078 shares during the period. Amalgamated Bank acquired a new stake in Pure Storage during the second quarter valued at $151,000. Principal Financial Group Inc. acquired a new stake in Pure Storage during the second quarter valued at $166,000. Finally, First Trust Advisors LP acquired a new stake in Pure Storage during the first quarter valued at $135,000. Institutional investors own 35.30% of the company’s stock.

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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