Pure Storage, Inc. (NYSE:PSTG) CFO Timothy Riitters sold 25,000 shares of Pure Storage stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $15.85, for a total transaction of $396,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Timothy Riitters also recently made the following trade(s):

  • On Friday, September 8th, Timothy Riitters sold 5,000 shares of Pure Storage stock. The stock was sold at an average price of $14.56, for a total transaction of $72,800.00.
  • On Friday, September 1st, Timothy Riitters sold 55,000 shares of Pure Storage stock. The stock was sold at an average price of $14.82, for a total transaction of $815,100.00.
  • On Thursday, July 6th, Timothy Riitters sold 10,248 shares of Pure Storage stock. The stock was sold at an average price of $12.81, for a total transaction of $131,276.88.

Shares of Pure Storage, Inc. (NYSE:PSTG) opened at 15.93 on Friday. The company’s 50 day moving average is $14.68 and its 200 day moving average is $12.57. The firm’s market capitalization is $3.37 billion. Pure Storage, Inc. has a 12-month low of $9.12 and a 12-month high of $16.35.

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

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. boosted its position in Pure Storage by 38.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,171 shares of the technology company’s stock worth $105,000 after acquiring an additional 2,284 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Pure Storage by 641.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,649 shares of the technology company’s stock worth $149,000 after acquiring an additional 10,078 shares during the last quarter. Amalgamated Bank acquired a new position in Pure Storage during the 2nd quarter worth approximately $151,000. Principal Financial Group Inc. acquired a new position in Pure Storage during the 2nd quarter worth approximately $166,000. Finally, First Trust Advisors LP acquired a new position in Pure Storage during the 1st quarter worth approximately $135,000. 35.30% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on PSTG shares. BidaskClub raised shares of Pure Storage from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. BMO Capital Markets reiterated a “buy” rating on shares of Pure Storage in a report on Wednesday, June 14th. Summit Redstone upgraded shares of Pure Storage from a “hold” rating to a “buy” rating in a report on Friday, August 25th. UBS AG reiterated a “buy” rating and issued a $18.00 target price (up from $15.00) on shares of Pure Storage in a report on Monday, September 25th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $13.00 target price (up from $12.00) on shares of Pure Storage in a report on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $15.95.

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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