Rep. Lisa C. McClain Buys Pure Storage, Inc. (NYSE:PSTG) Shares

Representative Lisa C. McClain (R-Michigan) recently bought shares of Pure Storage, Inc. (NYSE:PSTG). In a filing disclosed on November 21st, the Representative disclosed that they had bought between $1,001 and $15,000 in Pure Storage stock on October 30th. The trade occurred in the Representative’s “CHARLES SCHWAB 401K > SCHWAB 893” account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Coherent (NYSE:COHR) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Clorox (NYSE:CLX) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Northern Trust (NASDAQ:NTRS) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Honda Motor (NYSE:HMC) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Home BancShares (NYSE:HOMB) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Five Below (NASDAQ:FIVE) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Pure Storage (NYSE:PSTG) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of BHP Group (NYSE:BHP) on 10/31/2025.

Pure Storage Trading Up 3.4%

Shares of PSTG traded up $2.84 during midday trading on Thursday, reaching $85.99. The stock had a trading volume of 3,834,986 shares, compared to its average volume of 2,892,500. The company has a market capitalization of $28.26 billion, a price-to-earnings ratio of 209.74, a price-to-earnings-growth ratio of 8.99 and a beta of 1.24. The company’s 50-day moving average is $89.06 and its 200 day moving average is $70.23. Pure Storage, Inc. has a 12-month low of $34.51 and a 12-month high of $100.59.

Pure Storage (NYSE:PSTG) last released its earnings results on Tuesday, September 9th. The technology company reported $0.44 earnings per share for the quarter. The company had revenue of $763.77 million during the quarter. Pure Storage had a return on equity of 11.34% and a net margin of 4.15%. Research analysts forecast that Pure Storage, Inc. will post 0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc grew its position in shares of Pure Storage by 8.3% in the 3rd quarter. Versant Capital Management Inc now owns 1,598 shares of the technology company’s stock worth $134,000 after buying an additional 122 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Pure Storage by 40.1% during the third quarter. Smartleaf Asset Management LLC now owns 468 shares of the technology company’s stock valued at $39,000 after acquiring an additional 134 shares in the last quarter. One Capital Management LLC lifted its stake in Pure Storage by 1.0% in the third quarter. One Capital Management LLC now owns 14,750 shares of the technology company’s stock worth $1,236,000 after acquiring an additional 141 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Pure Storage by 0.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 43,756 shares of the technology company’s stock valued at $3,667,000 after acquiring an additional 152 shares in the last quarter. Finally, State of Wyoming increased its position in Pure Storage by 10.3% during the 3rd quarter. State of Wyoming now owns 1,673 shares of the technology company’s stock valued at $140,000 after purchasing an additional 156 shares during the period. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PSTG shares. JPMorgan Chase & Co. increased their target price on shares of Pure Storage from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Raymond James Financial raised their price objective on Pure Storage from $88.00 to $99.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Bank of America boosted their target price on Pure Storage from $76.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Barclays raised their price target on Pure Storage from $57.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. Finally, Wells Fargo & Company lifted their price target on Pure Storage from $80.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, September 26th. Thirteen 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $92.61.

Insider Transactions at Pure Storage

In other Pure Storage news, CRO Dan Fitzsimons sold 6,051 shares of the firm’s stock in a transaction dated 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 in the company, valued at $5,486,391.78. This trade represents a 8.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Ajay Singh sold 7,014 shares of Pure Storage stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $85.85, for a total value of $602,151.90. Following the sale, the insider directly owned 229,307 shares in the company, valued at approximately $19,686,005.95. The trade was a 2.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 347,811 shares of company stock worth $31,067,815. 5.60% of the stock is owned by corporate insiders.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan’s 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan’s 9th Congressional District. She declared candidacy for the 2026 election.

Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor’s degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

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.