Rep. Lisa C. McClain Sells Off Shares of Pure Storage, Inc. (NYSE:PSTG)

Representative Lisa C. McClain (R-Michigan) recently sold shares of Pure Storage, Inc. (NYSE:PSTG). In a filing disclosed on November 21st, the Representative disclosed that they had sold between $1,001 and $15,000 in Pure Storage stock on October 30th. The trade occurred in the Representative’s “CHARLES SCHWAB BROKERAGE ACCOUNT 924” 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 Stock Up 3.4%

Shares of PSTG stock traded up $2.84 during trading hours on Thursday, reaching $85.99. The company’s 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 PEG ratio of 8.99 and a beta of 1.24. Pure Storage, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $100.59. The firm’s 50 day simple moving average is $89.04 and its 200-day simple moving average is $70.34.

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

Institutional Trading of Pure Storage

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cerity Partners LLC increased its stake in shares of Pure Storage by 53.1% in the first quarter. Cerity Partners LLC now owns 19,741 shares of the technology company’s stock worth $874,000 after buying an additional 6,850 shares during the period. CWM LLC grew its stake in shares of Pure Storage by 26.7% in the first quarter. CWM LLC now owns 8,309 shares of the technology company’s stock worth $368,000 after purchasing an additional 1,751 shares during the last quarter. Private Advisor Group LLC increased its holdings in Pure Storage by 76.8% during the 1st quarter. Private Advisor Group LLC now owns 20,597 shares of the technology company’s stock valued at $912,000 after purchasing an additional 8,947 shares during the period. Kestra Private Wealth Services LLC raised its position in Pure Storage by 9.6% during the 1st quarter. Kestra Private Wealth Services LLC now owns 7,042 shares of the technology company’s stock valued at $312,000 after purchasing an additional 616 shares during the last quarter. Finally, IFP Advisors Inc raised its position in Pure Storage by 950.2% during the 1st quarter. IFP Advisors Inc now owns 7,110 shares of the technology company’s stock valued at $315,000 after purchasing an additional 6,433 shares during the last quarter. Institutional investors own 83.42% of the company’s stock.

Insider Transactions at Pure Storage

In related news, CRO Dan Fitzsimons sold 6,051 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $87.42, for a total transaction of $528,978.42. Following the completion of the transaction, the executive owned 62,759 shares in the company, valued at $5,486,391.78. This represents a 8.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $91.59, for a total value of $9,159,000.00. Following the completion of the sale, the insider directly owned 100,000 shares of the company’s stock, valued at $9,159,000. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 347,811 shares of company stock worth $31,067,815. Corporate insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

PSTG has been the subject of a number of recent analyst reports. Piper Sandler set a $92.00 price target on Pure Storage and gave the stock an “overweight” rating in a report on Thursday, September 25th. Evercore ISI increased their price target on Pure Storage from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Wells Fargo & Company lifted their price objective on shares of Pure Storage from $80.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, September 26th. Northland Securities upped their target price on shares of Pure Storage from $63.00 to $71.00 and gave the stock a “market perform” rating in a research note on Thursday, August 28th. Finally, Cowen reissued a “buy” rating on shares of Pure Storage in a research report on Thursday, August 28th. Thirteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $92.61.

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.

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.