Pure Storage, Inc. (NYSE:PSTG) CFO Timothy Riitters sold 15,175 shares of the stock in a transaction on Friday, October 6th. The stock was sold at an average price of $15.55, for a total value of $235,971.25. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • On Monday, October 2nd, Timothy Riitters sold 25,000 shares of Pure Storage stock. The stock was sold at an average price of $15.85, for a total value of $396,250.00.
  • On Friday, September 8th, Timothy Riitters sold 5,000 shares of Pure Storage stock. The shares were sold at an average price of $14.56, for a total value of $72,800.00.
  • On Friday, September 1st, Timothy Riitters sold 55,000 shares of Pure Storage stock. The shares were sold at an average price of $14.82, for a total value of $815,100.00.

Pure Storage, Inc. (PSTG) traded up 1.20% during trading on Wednesday, reaching $16.01. The company’s stock had a trading volume of 1,403,161 shares. The stock’s market cap is $3.39 billion. The firm has a 50 day moving average price of $14.94 and a 200-day moving average price of $12.73. Pure Storage, Inc. has a 52-week low of $9.12 and a 52-week high of $16.35.

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 analysts’ consensus estimates 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 firm had revenue of $224.50 million for the quarter, compared to analyst estimates of $217.97 million. During the same quarter in the previous year, the company posted ($0.16) EPS. The business’s revenue was up 37.6% on a year-over-year basis. On average, analysts expect that Pure Storage, Inc. will post ($0.22) earnings per share for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in shares of Pure Storage by 6.3% during the 2nd quarter. BlackRock Inc. now owns 14,513,166 shares of the technology company’s stock valued at $185,913,000 after purchasing an additional 863,990 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Pure Storage by 26.7% during the 2nd quarter. Vanguard Group Inc. now owns 7,059,059 shares of the technology company’s stock valued at $90,427,000 after purchasing an additional 1,489,008 shares in the last quarter. FMR LLC boosted its position in shares of Pure Storage by 10.9% during the 2nd quarter. FMR LLC now owns 6,359,676 shares of the technology company’s stock valued at $81,467,000 after purchasing an additional 622,600 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Pure Storage by 5.0% during the 2nd quarter. Franklin Resources Inc. now owns 3,097,439 shares of the technology company’s stock valued at $39,679,000 after purchasing an additional 146,411 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Pure Storage by 91.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,461,000 shares of the technology company’s stock valued at $31,525,000 after purchasing an additional 1,177,000 shares in the last quarter. Hedge funds and other institutional investors own 35.30% of the company’s stock.

Several research firms recently issued reports on PSTG. BidaskClub cut Pure Storage from a “hold” rating to a “sell” rating in a report on Wednesday. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $20.00 price target (up previously from $18.00) on shares of Pure Storage in a report on Thursday, October 5th. Morgan Stanley reiterated an “equal weight” rating on shares of Pure Storage in a report on Saturday, September 23rd. UBS AG reiterated a “buy” rating and issued a $18.00 price target (up previously from $15.00) on shares of Pure Storage in a report on Monday, September 25th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $13.50 price target on shares of Pure Storage in a report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Pure Storage presently has a consensus rating of “Buy” and an average target price of $15.95.

Pure Storage Company Profile

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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