News coverage about Pure Storage (NYSE:PSTG) has trended somewhat positive this week, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Pure Storage earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the near term.

These are some of the media stories that may have impacted Accern Sentiment’s analysis:

Several analysts have issued reports on the company. UBS AG upgraded Pure Storage from a “neutral” rating to a “positive” rating in a report on Tuesday, April 4th. BidaskClub cut Pure Storage from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Robert W. Baird restated a “hold” rating on shares of Pure Storage in a report on Thursday, April 13th. Jefferies Group LLC upped their target price on Pure Storage from $10.00 to $11.50 and gave the company a “hold” rating in a report on Thursday, May 25th. Finally, BMO Capital Markets restated a “buy” rating on shares of Pure Storage in a report on Wednesday, June 14th. Ten analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Pure Storage has an average rating of “Buy” and an average target price of $15.61.

Pure Storage (NYSE:PSTG) traded down 0.65% during trading on Monday, reaching $13.68. The company had a trading volume of 434,902 shares. The company’s market capitalization is $2.86 billion. Pure Storage has a 12 month low of $9.12 and a 12 month high of $15.14. The firm’s 50 day moving average is $12.41 and its 200-day moving average is $11.39.

Pure Storage (NYSE:PSTG) last issued its earnings results on Wednesday, May 24th. The technology company reported ($0.14) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.08. Pure Storage had a negative return on equity of 44.04% and a negative net margin of 31.62%. The company had revenue of $182.60 million during the quarter, compared to the consensus estimate of $176.13 million. During the same quarter in the prior year, the business earned ($0.22) earnings per share. The company’s revenue was up 30.5% compared to the same quarter last year. On average, equities analysts expect that Pure Storage will post ($0.27) earnings per share for the current year.

In related news, CFO Timothy Riitters sold 5,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $13.12, for a total value of $65,600.00. Following the transaction, the chief financial officer now owns 245,703 shares in the company, valued at $3,223,623.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michelangelo Volpi sold 19,086 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $13.00, for a total value of $248,118.00. The disclosure for this sale can be found here. Insiders sold 2,312,246 shares of company stock valued at $30,410,081 in the last ninety days. Company insiders own 41.47% of the company’s stock.

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About Pure Storage

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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