The price of Pure Storage Inc. (NYSE:PSTG) shares last traded on Wall Street rose 2.48% to $24.84.
Based on available information, 20 analysts follow Pure Storage Inc. (NYSE:PSTG). The consensus rating among analysts is ‘Buy’. PSTG stock price is now 3.18% away from the 50-day moving average and -9.96% away from the 200-day moving average. The market capitalization of the company currently stands at $7.81B.
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Among analysts, 2 rate the stock a hold while 16 rate it a buy.
In other news, Taylor Roxanne, Director sold 19,155 shares of the company’s stock on Apr 13. The stock was sold for $499,589 at an average price of $26.08. Upon completion of the transaction, the Director now directly owns 63,416 shares in the company, valued at $1.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 21, Chief Revenue Officer FitzSimons Dan sold 28,481 shares of the business’s stock. A total of $697,577 was realized by selling the stock at an average price of $24.49. This leaves the insider owning 192,530 shares of the company worth $4.78 million. Insiders disposed of 1,088,285 shares of company stock worth roughly $27.03 million over the past 1 year. A total of 3.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PSTG stock. A new stake in Pure Storage Inc. shares was purchased by BALYASNY ASSET MANAGEMENT L.P. during the first quarter worth $30,634,000. POINT72 ASSET MANAGEMENT, L.P. invested $20,459,000 in shares of PSTG during the first quarter. In the first quarter, INTRINSIC EDGE CAPITAL MANAGEMENT LLC acquired a new stake in Pure Storage Inc. valued at approximately $12,420,000. SHANNON RIVER FUND MANAGEMENT LLC acquired a new stake in PSTG for approximately $11,787,000. GREAT LAKES ADVISORS, LLC purchased a new stake in PSTG valued at around $11,425,000 in the second quarter. In total, there are 608 active investors with 88.00% ownership of the company’s stock.
A candlestick chart of Pure Storage Inc. (NYSE: PSTG) showed a price of $24.35 on Monday morning. During the past 12 months, Pure Storage Inc. has had a low of $21.90 and a high of $32.45. As of last week, the company has a debt-to-equity ratio of 0.62, a current ratio of 1.40, and a quick ratio of 1.40. According to the stock market information, the enterprise value for the company is $6.15B, which is based on a 161.30 price-to-earnings ratio, a 5.01 price-to-earnings-growth ratio, and a beta of 1.20. The fifty day moving average price for PSTG is $24.10 and a two-hundred day moving average price translates $27.57 for the stock.
The latest earnings results from Pure Storage Inc. (NYSE: PSTG) was released for Feb, 2023. According to the Computer Hardware Company, earnings per share came in at $0.53, beating analysts’ expectations of $0.39 by 0.14. This compares to $0.06 EPS in the same period last year. The net profit margin was 2.70% and return on equity was 8.90% for PSTG. The company reported revenue of $810.21 million for the quarter, compared to $708.57 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.34 percent. For the current quarter, analysts expect PSTG to generate $559.34M in revenue.
Pure Storage Inc.(PSTG) Company Profile
Pure Storage, Inc., together with its subsidiaries, provides data storage technologies, products, and services in the United States and internationally. The company’s Purity software is shared across its products and provides enterprise-class data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. Its products portfolio includes FlashArray for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; FlashArray//XL; and FlashArray//C, an all-QLC flash array. The company also provides FlashBlade, a solution for unstructured data workloads of various types; FlashStack that combines compute, network, and storage to provide an infrastructure platform; FlashRecover, an all-flash modern data protection solution; and AIRI, a full-stack AI-ready infrastructure. In addition, it offers evergreen storage subscription and Cloud Block Store, as well as Portworx a cloud-native Kubernetes data management solution It also offers technical and professional, training and education, and certification services. The company sells its products and subscription services through direct sales force and channel partners. The company was formerly known as OS76, Inc. and changed its name to Pure Storage, Inc. in January 2010. Pure Storage, Inc. was incorporated in 2009 and is headquartered in Mountain View, California.
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