Pure Storage Inc (PSTG) Major Shareholder James N. White Sells 95,123 Shares
Pure Storage Inc (NYSE:PSTG) major shareholder James N. White sold 95,123 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $16.62, for a total value of $1,580,944.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Pure Storage Inc (NYSE:PSTG) traded down $0.58 on Friday, hitting $16.47. The stock had a trading volume of 3,370,000 shares, compared to its average volume of 1,980,000. The stock has a market cap of $3,570.00 and a PE ratio of -15.99. 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 earnings results on Tuesday, November 28th. The technology company reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.02. The company had revenue of $277.70 million during the quarter, compared to analysts’ expectations of $272.07 million. Pure Storage had a negative return on equity of 44.96% and a negative net margin of 22.86%. The firm’s revenue for the quarter was up 41.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.10) EPS. equities analysts expect that Pure Storage Inc will post -0.93 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in PSTG. Vanguard Group Inc. lifted its stake in shares of Pure Storage by 26.7% in 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 during the period. Renaissance Technologies LLC lifted its stake in shares of Pure Storage by 91.7% in 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 during the period. UBS Oconnor LLC purchased a new position in shares of Pure Storage in the 2nd quarter valued at approximately $13,130,000. AO Asset Management LLC purchased a new position in shares of Pure Storage in the 2nd quarter valued at approximately $12,170,000. Finally, BlackRock Inc. lifted its stake in shares of Pure Storage by 6.3% in 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 during the period. Institutional investors own 37.50% of the company’s stock.
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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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