Pure Storage, Inc. (NYSE:PSTG) President David Hatfield sold 40,000 shares of the company’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $16.00, for a total value of $640,000.00. Following the completion of the transaction, the president now directly owns 225,190 shares of the company’s stock, valued at approximately $3,603,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, September 18th, David Hatfield sold 30,000 shares of Pure Storage stock. The stock was sold at an average price of $14.66, for a total value of $439,800.00.
  • On Thursday, July 6th, David Hatfield sold 1,844 shares of Pure Storage stock. The stock was sold at an average price of $12.77, for a total value of $23,547.88.

Shares of Pure Storage, Inc. (PSTG) traded up 0.31% during midday trading on Friday, reaching $15.99. The company’s stock had a trading volume of 984,742 shares. Pure Storage, Inc. has a one year low of $9.12 and a one year high of $16.16. The firm’s market cap is $3.38 billion. The stock’s 50 day moving average price is $13.63 and its 200 day moving average price is $12.13.

Pure Storage (NYSE:PSTG) last released its earnings results on Thursday, August 24th. The technology company reported ($0.11) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.20. Pure Storage had a negative net margin of 29.55% and a negative return on equity of 46.12%. The business had revenue of $224.50 million for the quarter, compared to analyst estimates of $217.97 million. During the same period last year, the company posted ($0.16) EPS. The business’s revenue was up 37.6% on a year-over-year basis. Analysts predict that Pure Storage, Inc. will post ($0.22) earnings per share for the current year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSTG. Wells Fargo & Company MN lifted its stake in Pure Storage by 0.3% in the 1st quarter. Wells Fargo & Company MN now owns 57,389 shares of the technology company’s stock worth $564,000 after purchasing an additional 150 shares in the last quarter. First Trust Advisors LP purchased a new position in Pure Storage in the 1st quarter worth approximately $135,000. Bank of New York Mellon Corp lifted its stake in Pure Storage by 9.4% in the 1st quarter. Bank of New York Mellon Corp now owns 276,581 shares of the technology company’s stock worth $2,718,000 after purchasing an additional 23,682 shares in the last quarter. UBS Asset Management Americas Inc. lifted its stake in Pure Storage by 52.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 26,500 shares of the technology company’s stock worth $260,000 after purchasing an additional 9,100 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Pure Storage by 32.7% in the 1st quarter. Ameriprise Financial Inc. now owns 26,350 shares of the technology company’s stock worth $259,000 after purchasing an additional 6,500 shares in the last quarter. 35.30% of the stock is currently owned by institutional investors and hedge funds.

PSTG has been the subject of a number of recent analyst reports. BidaskClub raised Pure Storage from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. BMO Capital Markets reaffirmed a “buy” rating on shares of Pure Storage in a research note on Wednesday, June 14th. Summit Redstone raised Pure Storage from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. UBS AG reaffirmed a “buy” rating and issued a $18.00 price objective (up previously from $15.00) on shares of Pure Storage in a research note on Monday, September 25th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $13.00 price objective (up previously from $12.00) on shares of Pure Storage in a research note on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.65.

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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