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.

PSTG has been the subject of several research analyst reports. Morgan Stanley reiterated an “equal weight” rating on shares of Pure Storage in a report on Saturday, September 23rd. UBS Group reiterated a “buy” rating and issued a $18.00 price objective (up previously from $15.00) on shares of Pure Storage in a report on Monday, September 25th. BidaskClub upgraded Pure Storage from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Susquehanna Bancshares reiterated a “positive” rating and issued a $20.00 price objective (up previously from $18.00) on shares of Pure Storage in a report on Thursday, October 5th. Finally, JMP Securities increased their price objective on Pure Storage from $16.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, October 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Pure Storage presently has a consensus rating of “Buy” and an average target price of $18.55.

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.

Insider Buying and Selling by Quarter for Pure Storage (NYSE:PSTG)

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