Pure Storage (NYSE:PSTG) Director Roxanne Taylor Sells 3,000 Shares

Pure Storage, Inc. (NYSE:PSTG) Director Roxanne Taylor sold 3,000 shares of Pure Storage stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $76.93, for a total transaction of $230,790.00. Following the completion of the sale, the director owned 16,343 shares of the company’s stock, valued at approximately $1,257,266.99. The trade was a 15.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Pure Storage Trading Up 0.5%

NYSE PSTG opened at $79.12 on Friday. Pure Storage, Inc. has a 1-year low of $34.51 and a 1-year high of $80.68. The company has a 50 day moving average of $60.32 and a 200-day moving average of $53.89. The company has a market cap of $25.86 billion, a price-to-earnings ratio of 192.99, a PEG ratio of 7.36 and a beta of 1.20.

Pure Storage (NYSE:PSTG) last released its quarterly earnings results on Wednesday, August 27th. The technology company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. Pure Storage had a net margin of 4.15% and a return on equity of 11.34%. The company had revenue of $861.00 million during the quarter, compared to the consensus estimate of $845.78 million. During the same period in the previous year, the business earned $0.44 earnings per share. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. Pure Storage has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, equities research analysts forecast that Pure Storage, Inc. will post 0.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PSTG shares. Morgan Stanley lifted their price objective on shares of Pure Storage from $60.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, August 28th. Bank of America lifted their price objective on shares of Pure Storage from $76.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Wedbush lifted their price objective on shares of Pure Storage from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Raymond James Financial lifted their price objective on shares of Pure Storage from $76.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Finally, Citigroup boosted their target price on shares of Pure Storage from $70.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Fourteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.39.

Institutional Trading of Pure Storage

Institutional investors and hedge funds have recently bought and sold shares of the stock. McIlrath & Eck LLC acquired a new stake in Pure Storage in the fourth quarter valued at $25,000. Mechanics Financial Corp acquired a new stake in Pure Storage during the second quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB grew its stake in Pure Storage by 55.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 650 shares of the technology company’s stock worth $29,000 after purchasing an additional 233 shares during the period. True Wealth Design LLC increased its stake in Pure Storage by 402.8% in the second quarter. True Wealth Design LLC now owns 548 shares of the technology company’s stock valued at $32,000 after purchasing an additional 439 shares in the last quarter. Finally, SouthState Corp grew its stake in shares of Pure Storage by 474.8% in the 2nd quarter. SouthState Corp now owns 592 shares of the technology company’s stock valued at $34,000 after buying an additional 489 shares during the period. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Pure Storage Company Profile

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.