Pure Storage Inc (NYSE:PSTG) President David Hatfield sold 50,253 shares of the company’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $27.46, for a total value of $1,379,947.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Monday, August 20th, David Hatfield sold 150,000 shares of Pure Storage stock. The stock was sold at an average price of $21.53, for a total value of $3,229,500.00.
  • On Wednesday, July 18th, David Hatfield sold 150,000 shares of Pure Storage stock. The stock was sold at an average price of $24.21, for a total value of $3,631,500.00.
  • On Thursday, July 5th, David Hatfield sold 4,963 shares of Pure Storage stock. The stock was sold at an average price of $23.41, for a total value of $116,183.83.

NYSE PSTG opened at $26.88 on Monday. The company has a quick ratio of 3.91, a current ratio of 4.03 and a debt-to-equity ratio of 0.68. The company has a market cap of $6.21 billion, a PE ratio of -32.00 and a beta of 1.34. Pure Storage Inc has a one year low of $14.95 and a one year high of $29.14.

Pure Storage (NYSE:PSTG) last posted its earnings results on Tuesday, August 21st. The technology company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.07. The firm had revenue of $308.90 million during the quarter, compared to the consensus estimate of $301.32 million. Pure Storage had a negative return on equity of 30.56% and a negative net margin of 15.07%. The company’s quarterly revenue was up 37.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.11) EPS. sell-side analysts expect that Pure Storage Inc will post -0.66 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Fortis Advisors LLC purchased a new stake in Pure Storage during the 1st quarter valued at $118,000. WealthTrust Fairport LLC purchased a new stake in Pure Storage during the 1st quarter valued at $121,000. Point72 Asia Hong Kong Ltd purchased a new stake in Pure Storage during the 1st quarter valued at $132,000. Adviser Investments LLC purchased a new stake in Pure Storage during the 1st quarter valued at $136,000. Finally, Global X Management Co LLC purchased a new stake in Pure Storage during the 2nd quarter valued at $181,000. Hedge funds and other institutional investors own 68.86% of the company’s stock.

Several research analysts have weighed in on the company. Bank of America restated a “buy” rating and issued a $33.00 price target on shares of Pure Storage in a research note on Wednesday, September 19th. Oppenheimer upped their price target on Pure Storage from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, August 22nd. KeyCorp upped their price target on Pure Storage from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, June 28th. Deutsche Bank upped their price target on Pure Storage from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, August 22nd. Finally, ValuEngine upgraded Pure Storage from a “hold” rating to a “buy” rating in a research note on Monday, June 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $26.24.

Pure Storage Company Profile

Pure Storage, Inc engages in building a data platform that enables businesses to enhance performance and reduce complexity and costs worldwide. The company delivers its data platform through Purity Operating Environment, an optimized software for solid-state memory that offers enterprise-class storage and protocol services; FlashArray and FlashBlade optimized hardware products for solid-state memory to enhance the performance and density of flash, optimize its advanced software services, and reduce solution cost for customers; Pure1, a cloud-based management and support software; and FlashStack, a converged infrastructure solution.

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