Pure Storage, Inc. (NYSE:PSTG) President David Hatfield sold 70,000 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $16.35, for a total value of $1,144,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Friday, October 6th, David Hatfield sold 1,853 shares of Pure Storage stock. The shares were sold at an average price of $15.55, for a total value of $28,814.15.
  • On Wednesday, September 27th, David Hatfield sold 40,000 shares of Pure Storage stock. The shares were sold at an average price of $16.00, for a total value of $640,000.00.
  • On Monday, September 18th, David Hatfield sold 30,000 shares of Pure Storage stock. The shares were sold at an average price of $14.66, for a total value of $439,800.00.

Shares of Pure Storage, Inc. (NYSE PSTG) traded down 1.33% during midday trading on Friday, hitting $16.28. The stock had a trading volume of 913,823 shares. The company’s market cap is $3.44 billion. The stock has a 50 day moving average of $15.41 and a 200-day moving average of $13.01. Pure Storage, Inc. has a one year low of $9.12 and a one year high of $16.64.

Pure Storage (NYSE:PSTG) last issued 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. The firm had revenue of $224.50 million during the quarter, compared to the consensus estimate of $217.97 million. Pure Storage had a negative return on equity of 46.12% and a negative net margin of 29.55%. Pure Storage’s revenue for the quarter was up 37.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.16) earnings per share. Analysts forecast that Pure Storage, Inc. will post ($0.22) EPS for the current fiscal year.

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PSTG has been the subject of a number of research analyst reports. Summit Redstone upgraded Pure Storage from a “hold” rating to a “buy” rating in a report on Friday, August 25th. BidaskClub upgraded Pure Storage from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. UBS AG restated a “buy” rating and set a $18.00 target price (up from $15.00) on shares of Pure Storage in a report on Monday, September 25th. BTIG Research raised their target price on Pure Storage from $14.00 to $20.00 and gave the company a “buy” rating in a report on Thursday. Finally, Morgan Stanley restated an “equal weight” rating and set a $15.00 target price (up from $13.00) on shares of Pure Storage in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $16.36.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Pure Storage by 6.3% in the second 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 during the last quarter. Vanguard Group Inc. boosted its holdings in Pure Storage by 26.7% in the second 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 during the last quarter. FMR LLC boosted its holdings in Pure Storage by 10.9% in the second 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 during the last quarter. Franklin Resources Inc. boosted its holdings in Pure Storage by 5.0% in the second 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 during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Pure Storage by 91.7% in the second 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 during the last quarter. 35.30% of the stock is owned by hedge funds and other institutional investors.

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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