Pure Storage Inc (NYSE:PSTG) major shareholder Stefan A. Dyckerhoff sold 25,407 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $17.05, for a total value of $433,189.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Pure Storage Inc (PSTG) traded down $0.30 during midday trading on Monday, hitting $16.95. The company had a trading volume of 1,849,206 shares, compared to its average volume of 1,770,879. Pure Storage Inc has a 52-week low of $9.12 and a 52-week high of $19.27.
Pure Storage (NYSE:PSTG) last released its quarterly earnings results on Tuesday, November 28th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.02. Pure Storage had a negative return on equity of 44.86% and a negative net margin of 22.86%. The firm had revenue of $277.70 million for the quarter, compared to analyst estimates of $272.07 million. During the same quarter last year, the company posted ($0.10) earnings per share. The business’s revenue was up 41.0% on a year-over-year basis. analysts expect that Pure Storage Inc will post -0.93 EPS for the current year.
PSTG has been the subject of a number of recent research reports. Jefferies Group reiterated a “hold” rating and issued a $13.50 target price on shares of Pure Storage in a report on Friday, August 25th. William Blair reiterated an “ourperform” rating on shares of Pure Storage in a report on Friday, August 25th. Lake Street Capital set a $21.00 target price on Pure Storage and gave the company a “buy” rating in a report on Wednesday, November 29th. They noted that the move was a valuation call. KeyCorp reiterated a “buy” rating and issued a $24.00 target price on shares of Pure Storage in a report on Wednesday, November 29th. Finally, Robert W. Baird set a $14.00 target price on Pure Storage and gave the company a “hold” rating in a report on Monday, August 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $18.55.
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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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