News articles about Pure Storage (NYSE:PSTG) have been trending positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pure Storage earned a media sentiment score of 0.29 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.4891541269622 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Several research firms have commented on PSTG. UBS reiterated a “buy” rating and set a $22.00 price target (up previously from $18.00) on shares of Pure Storage in a report on Wednesday, November 29th. Maxim Group reiterated a “hold” rating and set a $20.00 price target (up previously from $15.00) on shares of Pure Storage in a report on Wednesday, November 29th. Lake Street Capital set a $21.00 price target on shares of Pure Storage and gave the stock a “buy” rating in a report on Wednesday, November 29th. They noted that the move was a valuation call. BMO Capital Markets boosted their price target on shares of Pure Storage to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, November 29th. Finally, Barclays reiterated a “hold” rating and set a $19.00 price target on shares of Pure Storage in a report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $18.55.

Shares of Pure Storage (NYSE PSTG) traded down $0.23 during trading on Wednesday, hitting $16.91. 591,465 shares of the stock traded hands, compared to its average volume of 1,765,969. Pure Storage has a fifty-two week low of $9.12 and a fifty-two week high of $19.27.

Pure Storage (NYSE:PSTG) last issued its earnings results on Tuesday, November 28th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. Pure Storage had a negative net margin of 22.86% and a negative return on equity of 44.96%. The business had revenue of $277.70 million during the quarter, compared to analysts’ expectations of $272.07 million. During the same quarter in the prior year, the business posted ($0.10) EPS. The company’s revenue for the quarter was up 41.0% on a year-over-year basis. sell-side analysts expect that Pure Storage will post -0.93 earnings per share for the current year.

In related news, President David Hatfield sold 1,853 shares of the company’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $15.55, for a total value of $28,814.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Timothy Riitters sold 15,175 shares of the company’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $15.55, for a total transaction of $235,971.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 519,184 shares of company stock valued at $8,865,903. Company insiders own 41.47% 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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