Pure Storage, Inc. $PSTG Shares Sold by Inspire Investing LLC

Inspire Investing LLC decreased its holdings in Pure Storage, Inc. (NYSE:PSTG) by 8.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 36,357 shares of the technology company’s stock after selling 3,300 shares during the quarter. Inspire Investing LLC’s holdings in Pure Storage were worth $2,093,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mechanics Financial Corp acquired a new position in Pure Storage in the second quarter valued at $25,000. FNY Investment Advisers LLC raised its holdings in shares of Pure Storage by 5,233.3% in the first quarter. FNY Investment Advisers LLC now owns 800 shares of the technology company’s stock valued at $35,000 after buying an additional 785 shares during the last quarter. REAP Financial Group LLC raised its holdings in Pure Storage by 49.0% during the second quarter. REAP Financial Group LLC now owns 611 shares of the technology company’s stock worth $35,000 after purchasing an additional 201 shares in the last quarter. TruNorth Capital Management LLC purchased a new position in Pure Storage during the first quarter worth about $38,000. Finally, Nisa Investment Advisors LLC raised its holdings in Pure Storage by 35.6% during the first quarter. Nisa Investment Advisors LLC now owns 910 shares of the technology company’s stock worth $40,000 after purchasing an additional 239 shares in the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insider Buying and Selling

In other news, CRO Dan Fitzsimons sold 6,051 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $87.42, for a total value of $528,978.42. Following the completion of the sale, the executive directly owned 62,759 shares of the company’s stock, valued at approximately $5,486,391.78. This represents a 8.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Colgrove sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $87.33, for a total transaction of $8,733,000.00. Following the completion of the sale, the insider directly owned 300,000 shares of the company’s stock, valued at approximately $26,199,000. This represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 643,111 shares of company stock worth $42,454,009. Company insiders own 5.60% of the company’s stock.

Pure Storage Stock Performance

NYSE PSTG opened at $89.43 on Friday. Pure Storage, Inc. has a one year low of $34.51 and a one year high of $94.72. The company has a 50-day simple moving average of $74.81 and a 200-day simple moving average of $59.47. The firm has a market capitalization of $29.39 billion, a PE ratio of 218.12, a price-to-earnings-growth ratio of 8.30 and a beta of 1.22.

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

Analysts Set New Price Targets

Several research analysts have weighed in on PSTG shares. Needham & Company LLC upped their target price on shares of Pure Storage from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Weiss Ratings restated a “hold (c)” rating on shares of Pure Storage in a research report on Wednesday. Barclays increased their price target on shares of Pure Storage from $57.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. Wall Street Zen raised shares of Pure Storage from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Finally, Northland Securities raised their target price on shares of Pure Storage from $63.00 to $71.00 and gave the company a “market perform” rating in a research note on Thursday, August 28th. Fourteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Pure Storage has an average rating of “Moderate Buy” and a consensus price target of $81.06.

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.