Pure Storage Inc (PSTG) President David Hatfield Sells 70,000 Shares

Pure Storage Inc (NYSE:PSTG) President David Hatfield sold 70,000 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $16.95, for a total transaction of $1,186,500.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • On Monday, January 8th, David Hatfield sold 2,169 shares of Pure Storage stock. The shares were sold at an average price of $16.49, for a total transaction of $35,766.81.
  • 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.
  • On Friday, October 6th, David Hatfield sold 1,853 shares of Pure Storage stock. The shares were sold at an average price of $15.55, for a total transaction of $28,814.15.
  • On Wednesday, September 27th, David Hatfield sold 40,000 shares of Pure Storage stock. The shares were sold at an average price of $16.00, for a total transaction of $640,000.00.

Shares of Pure Storage Inc (NYSE:PSTG) traded down $0.58 during trading hours on Friday, reaching $16.47. 3,369,701 shares of the company traded hands, compared to its average volume of 1,980,000. The company has a market cap of $3,570.00 and a P/E ratio of -15.99. Pure Storage Inc has a 12-month low of $9.12 and a 12-month high of $19.27.

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

A number of research analysts have commented on the stock. BidaskClub upgraded shares of Pure Storage from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Lake Street Capital set a $21.00 price objective on shares of Pure Storage and gave the company a “buy” rating in a research note on Wednesday, November 29th. They noted that the move was a valuation call. Robert W. Baird reiterated a “hold” rating and set a $20.00 price objective on shares of Pure Storage in a research note on Wednesday, November 29th. Barclays reiterated a “hold” rating and set a $19.00 price objective on shares of Pure Storage in a research note on Wednesday, November 29th. Finally, UBS Group restated a “buy” rating and issued a $22.00 price target (up from $18.00) on shares of Pure Storage in a research report on Wednesday, November 29th. 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 given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $18.55.

A number of large investors have recently modified their holdings of PSTG. Vanguard Group Inc. lifted its position in Pure Storage by 26.7% in the 2nd quarter. Vanguard Group Inc. now owns 7,059,059 shares of the technology company’s stock valued at $90,427,000 after purchasing an additional 1,489,008 shares during the last quarter. Renaissance Technologies LLC lifted its position in Pure Storage by 91.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,461,000 shares of the technology company’s stock valued at $31,525,000 after purchasing an additional 1,177,000 shares during the last quarter. UBS Oconnor LLC bought a new stake in Pure Storage in the 2nd quarter valued at about $13,130,000. AO Asset Management LLC bought a new stake in Pure Storage in the 2nd quarter valued at about $12,170,000. Finally, BlackRock Inc. lifted its position in Pure Storage by 6.3% in the 2nd quarter. BlackRock Inc. now owns 14,513,166 shares of the technology company’s stock valued at $185,913,000 after purchasing an additional 863,990 shares during the last quarter. Hedge funds and other institutional investors own 37.50% of the company’s stock.

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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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