FY2025 EPS Estimates for Pure Storage Reduced by Analyst

Pure Storage, Inc. (NYSE:PSTG) – Research analysts at William Blair reduced their FY2025 earnings estimates for shares of Pure Storage in a research note issued to investors on Wednesday, December 4th. William Blair analyst J. Ader now expects that the technology company will earn $0.45 per share for the year, down from their previous forecast of $0.47. William Blair has a “Outperform” rating on the stock. The consensus estimate for Pure Storage’s current full-year earnings is $0.44 per share. William Blair also issued estimates for Pure Storage’s Q4 2025 earnings at $0.13 EPS and FY2026 earnings at $0.65 EPS.

PSTG has been the topic of several other research reports. Northland Securities restated a “market perform” rating and issued a $63.00 price target (up previously from $59.00) on shares of Pure Storage in a research report on Wednesday, December 4th. TD Cowen boosted their target price on Pure Storage from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Guggenheim increased their price target on Pure Storage from $72.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Wells Fargo & Company boosted their price objective on shares of Pure Storage from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, Wedbush restated an “outperform” rating and issued a $80.00 target price on shares of Pure Storage in a research note on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.10.

Pure Storage Trading Down 1.7 %

NYSE PSTG opened at $63.79 on Monday. The firm’s fifty day moving average is $53.31 and its two-hundred day moving average is $56.84. Pure Storage has a one year low of $32.54 and a one year high of $70.41. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.74 and a current ratio of 1.77. The firm has a market cap of $20.90 billion, a PE ratio of 167.87, a P/E/G ratio of 7.83 and a beta of 1.13.

Insiders Place Their Bets

In other Pure Storage news, CAO Mona Chu sold 20,647 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $51.50, for a total transaction of $1,063,320.50. Following the sale, the chief accounting officer now owns 75,992 shares in the company, valued at approximately $3,913,588. This represents a 21.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Colgrove sold 100,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $65.55, for a total value of $6,555,000.00. Following the completion of the transaction, the insider now directly owns 7,316,722 shares of the company’s stock, valued at approximately $479,611,127.10. This trade represents a 1.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 454,542 shares of company stock worth $25,154,030. 6.00% of the stock is owned by corporate insiders.

Institutional Trading of Pure Storage

Large investors have recently made changes to their positions in the stock. Nvwm LLC lifted its holdings in Pure Storage by 23.3% in the 3rd quarter. Nvwm LLC now owns 1,027 shares of the technology company’s stock valued at $52,000 after purchasing an additional 194 shares in the last quarter. Harbour Investments Inc. lifted its stake in shares of Pure Storage by 3.0% during the second quarter. Harbour Investments Inc. now owns 6,912 shares of the technology company’s stock valued at $444,000 after buying an additional 202 shares during the period. Larson Financial Group LLC boosted its position in Pure Storage by 49.1% during the third quarter. Larson Financial Group LLC now owns 644 shares of the technology company’s stock worth $32,000 after acquiring an additional 212 shares during the last quarter. Venturi Wealth Management LLC grew its stake in Pure Storage by 40.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 754 shares of the technology company’s stock worth $38,000 after acquiring an additional 219 shares during the period. Finally, Bank Pictet & Cie Europe AG raised its holdings in Pure Storage by 3.2% in the 2nd quarter. Bank Pictet & Cie Europe AG now owns 7,202 shares of the technology company’s stock valued at $462,000 after acquiring an additional 223 shares during the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

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.