Pure Storage, Inc. (NYSE:PSTG – Get Free Report) CAO Mona Chu sold 25,000 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $50.32, for a total transaction of $1,258,000.00. Following the completion of the sale, the chief accounting officer now owns 96,639 shares in the company, valued at approximately $4,862,874.48. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Pure Storage Price Performance
Shares of NYSE PSTG opened at $49.44 on Friday. The stock has a market cap of $16.08 billion, a P/E ratio of 176.57, a P/E/G ratio of 7.87 and a beta of 1.11. The firm’s 50-day simple moving average is $54.67 and its 200 day simple moving average is $56.84. Pure Storage, Inc. has a fifty-two week low of $31.00 and a fifty-two week high of $70.41. The company has a quick ratio of 1.96, a current ratio of 1.99 and a debt-to-equity ratio of 0.07.
Pure Storage (NYSE:PSTG – Get Free Report) last released its quarterly earnings results on Wednesday, August 28th. The technology company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. The company had revenue of $763.77 million for the quarter, compared to the consensus estimate of $756.59 million. Pure Storage had a net margin of 4.53% and a return on equity of 17.41%. Equities analysts expect that Pure Storage, Inc. will post 0.43 EPS for the current year.
Institutional Investors Weigh In On Pure Storage
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on PSTG. Raymond James cut their price objective on Pure Storage from $73.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Susquehanna restated a “positive” rating and set a $80.00 price objective on shares of Pure Storage in a research note on Monday, August 26th. Evercore ISI decreased their price objective on shares of Pure Storage from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Morgan Stanley cut shares of Pure Storage from an “overweight” rating to an “equal weight” rating and set a $60.00 target price on the stock. in a report on Wednesday, June 12th. Finally, Needham & Company LLC decreased their price target on shares of Pure Storage from $80.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Pure Storage has an average rating of “Moderate Buy” and an average price target of $66.95.
View Our Latest Research Report on PSTG
About Pure Storage
Pure Storage, Inc engages in the provision of data storage and management technologies, products, and services in the United States and internationally. Its Purity software is shared across its products and provides enterprise-class data services, such as always-on data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object.
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