Pure Storage Inc (PSTG) President Sells $35,766.81 in Stock

Pure Storage Inc (NYSE:PSTG) President David Hatfield sold 2,169 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $16.49, for a total transaction of $35,766.81. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

David Hatfield also recently made the following trade(s):

  • On Monday, December 18th, David Hatfield sold 70,000 shares of Pure Storage stock. The shares were sold at an average price of $16.95, for a total transaction of $1,186,500.00.
  • On Wednesday, November 22nd, David Hatfield sold 130,000 shares of Pure Storage stock. The shares were sold at an average price of $18.05, for a total transaction of $2,346,500.00.
  • On Wednesday, October 18th, David Hatfield sold 70,000 shares of Pure Storage stock. The shares were sold at an average price of $16.35, for a total transaction of $1,144,500.00.

Shares of Pure Storage Inc (PSTG) traded down $0.58 during trading hours on Friday, hitting $16.47. 3,370,000 shares of the company’s stock were exchanged, compared to its average volume of 1,980,000. Pure Storage Inc has a 1-year low of $9.12 and a 1-year high of $19.27. The stock has a market cap of $3,570.00 and a PE ratio of -15.99.

Pure Storage (NYSE:PSTG) last issued its quarterly earnings data on Tuesday, November 28th. The technology company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. Pure Storage had a negative net margin of 22.86% and a negative return on equity of 44.96%. The business had revenue of $277.70 million during the quarter, compared to analysts’ expectations of $272.07 million. During the same period last year, the company posted ($0.10) EPS. The business’s revenue was up 41.0% on a year-over-year basis. analysts forecast that Pure Storage Inc will post -0.93 earnings per share for the current year.

Large investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. grew its stake in shares of Pure Storage by 38.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,171 shares of the technology company’s stock worth $105,000 after buying an additional 2,284 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Pure Storage by 151.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 11,310 shares of the technology company’s stock worth $180,000 after buying an additional 6,810 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Pure Storage by 641.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,649 shares of the technology company’s stock worth $149,000 after buying an additional 10,078 shares in the last quarter. Invictus RG purchased a new position in shares of Pure Storage during the 3rd quarter worth about $187,000. Finally, Amalgamated Bank purchased a new position in shares of Pure Storage during the 2nd quarter worth about $151,000. 37.50% of the stock is owned by institutional investors and hedge funds.

PSTG has been the subject of several research analyst reports. JMP Securities raised their target price on shares of Pure Storage from $16.00 to $22.00 and gave the company an “outperform” rating in a research note on Friday, October 13th. Oppenheimer reaffirmed a “buy” rating and set a $21.00 target price on shares of Pure Storage in a research note on Wednesday, November 29th. Robert W. Baird reaffirmed a “hold” rating and set a $20.00 target price on shares of Pure Storage in a research note on Wednesday, November 29th. Susquehanna Bancshares reaffirmed a “positive” rating and set a $20.00 target price (up from $18.00) on shares of Pure Storage in a research note on Thursday, October 5th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Pure Storage in a research note on Saturday, September 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $18.55.

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Pure Storage Company Profile

Pure Storage, Inc provides a data platform. The Company is focused on delivering software-defined all-flash solutions that are fast and cloud-capable for customers, enabling customers to put data to work for their businesses. Its data platform replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory.

Insider Buying and Selling by Quarter for Pure Storage (NYSE:PSTG)

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