Pure Storage, Inc. (NYSE:PSTG – Get Free Report) CAO Mona Chu sold 25,000 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Pure Storage Price Performance
PSTG stock traded down $1.01 during midday trading on Friday, reaching $49.44. 2,879,232 shares of the company’s stock traded hands, compared to its average volume of 3,870,450. The company has a 50-day simple moving average of $54.67 and a two-hundred day simple moving average of $56.84. 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, Inc. has a 1-year low of $31.00 and a 1-year high of $70.41. The company has a market cap of $16.08 billion, a price-to-earnings ratio of 180.18, a PEG ratio of 7.87 and a beta of 1.11.
Pure Storage (NYSE:PSTG – Get Free Report) last announced its earnings results on Wednesday, August 28th. The technology company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.10. Pure Storage had a return on equity of 17.41% and a net margin of 4.53%. The company had revenue of $763.77 million during the quarter, compared to analyst estimates of $756.59 million. On average, analysts anticipate that Pure Storage, Inc. will post 0.43 earnings per share for the current year.
Analysts Set New Price Targets
View Our Latest Research Report on Pure Storage
Hedge Funds Weigh In On Pure Storage
A number of institutional investors have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV grew its stake in shares of Pure Storage by 61.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 424 shares of the technology company’s stock valued at $27,000 after purchasing an additional 161 shares during the last quarter. Larson Financial Group LLC boosted its position in Pure Storage by 242.9% in the 2nd quarter. Larson Financial Group LLC now owns 432 shares of the technology company’s stock valued at $28,000 after buying an additional 306 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Pure Storage in the 1st quarter valued at $25,000. FSC Wealth Advisors LLC bought a new stake in shares of Pure Storage during the second quarter worth $33,000. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Pure Storage during the first quarter valued at $27,000. 83.42% of the stock is owned by institutional investors.
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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