Pure Storage Inc (PSTG) President David Hatfield Sells 2,169 Shares of Stock

Pure Storage Inc (NYSE:PSTG) President David Hatfield sold 2,169 shares of Pure Storage stock in a transaction on Monday, January 8th. The stock was sold at an average price of $16.49, for a total transaction of $35,766.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Monday, December 18th, David Hatfield sold 70,000 shares of Pure Storage stock. The stock was 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 stock was 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 stock was sold at an average price of $16.35, for a total transaction of $1,144,500.00.

Pure Storage Inc (NYSE PSTG) traded up $0.20 during trading hours on Thursday, reaching $16.78. 344,891 shares of the company traded hands, compared to its average volume of 2,120,000. Pure Storage Inc has a 1-year low of $9.12 and a 1-year high of $19.27. The company has a market capitalization of $3,640.00 and a price-to-earnings ratio of -16.29.

Pure Storage (NYSE:PSTG) last posted its quarterly earnings data on Tuesday, November 28th. The technology company reported ($0.01) EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $272.07 million. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. Pure Storage’s quarterly revenue was up 41.0% on a year-over-year basis. analysts expect that Pure Storage Inc will post -0.93 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. lifted its stake in shares of Pure Storage by 38.8% in the second 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. BNP Paribas Arbitrage SA raised its holdings in shares of Pure Storage by 641.5% during the second quarter. BNP Paribas Arbitrage SA now owns 11,649 shares of the technology company’s stock valued at $149,000 after purchasing an additional 10,078 shares during the last quarter. Amalgamated Bank purchased a new position in shares of Pure Storage during the second quarter valued at approximately $151,000. Principal Financial Group Inc. purchased a new position in shares of Pure Storage during the second quarter valued at approximately $166,000. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Pure Storage by 151.3% during the third quarter. Great West Life Assurance Co. Can now owns 11,310 shares of the technology company’s stock valued at $180,000 after purchasing an additional 6,810 shares during the last quarter. Hedge funds and other institutional investors own 37.50% of the company’s stock.

PSTG has been the topic of a number of analyst reports. UBS Group reiterated a “buy” rating and issued a $22.00 target price (up previously from $18.00) on shares of Pure Storage in a research report on Wednesday, November 29th. KeyCorp restated a “buy” rating on shares of Pure Storage in a research report on Wednesday, November 1st. BTIG Research boosted their price objective on shares of Pure Storage from $14.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Lake Street Capital set a $21.00 price objective on shares of Pure Storage and gave the company a “buy” rating in a research report on Wednesday, November 29th. They noted that the move was a valuation call. Finally, Oppenheimer restated a “buy” rating and issued a $21.00 price objective on shares of Pure Storage in a research report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $18.55.

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About Pure Storage

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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