Pure Storage Inc (PSTG) Director Sells $3,444,000.00 in Stock
Pure Storage Inc (NYSE:PSTG) Director Scott Dietzen sold 200,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $17.22, for a total transaction of $3,444,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Pure Storage Inc (NYSE PSTG) traded up $0.25 during mid-day trading on Thursday, hitting $17.23. 1,841,723 shares of the company were exchanged, compared to its average volume of 1,771,681. Pure Storage Inc has a 1 year low of $9.12 and a 1 year high of $19.27.
Pure Storage (NYSE:PSTG) last posted its earnings results on Tuesday, November 28th. The technology company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. Pure Storage had a negative net margin of 22.86% and a negative return on equity of 44.86%. The firm had revenue of $277.70 million during the quarter, compared to analyst estimates of $272.07 million. During the same period last year, the firm posted ($0.10) earnings per share. Pure Storage’s revenue for the quarter was up 41.0% compared to the same quarter last year. research analysts predict that Pure Storage Inc will post -0.93 EPS for the current year.
Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Pure Storage by 6.3% during the second quarter. BlackRock Inc. now owns 14,513,166 shares of the technology company’s stock worth $185,913,000 after buying an additional 863,990 shares during the period. Vanguard Group Inc. boosted its stake in Pure Storage by 26.7% during the second quarter. Vanguard Group Inc. now owns 7,059,059 shares of the technology company’s stock worth $90,427,000 after buying an additional 1,489,008 shares during the period. FMR LLC boosted its stake in Pure Storage by 10.9% during the second quarter. FMR LLC now owns 6,359,676 shares of the technology company’s stock worth $81,467,000 after buying an additional 622,600 shares during the period. Okumus Fund Management Ltd. boosted its stake in Pure Storage by 4.1% during the third quarter. Okumus Fund Management Ltd. now owns 5,299,197 shares of the technology company’s stock worth $84,734,000 after buying an additional 206,943 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Pure Storage by 5.0% during the second quarter. Franklin Resources Inc. now owns 3,097,439 shares of the technology company’s stock worth $39,679,000 after buying an additional 146,411 shares during the period. 38.46% of the stock is owned by hedge funds and other institutional investors.
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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.
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