Pure Storage Inc (PSTG) Director Scott Dietzen Sells 125,000 Shares

Pure Storage Inc (NYSE:PSTG) Director Scott Dietzen sold 125,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 26th. The shares were sold at an average price of $23.19, for a total value of $2,898,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Scott Dietzen also recently made the following trade(s):

  • On Tuesday, May 29th, Scott Dietzen sold 222,332 shares of Pure Storage stock. The shares were sold at an average price of $20.68, for a total value of $4,597,825.76.
  • On Monday, May 21st, Scott Dietzen sold 125,000 shares of Pure Storage stock. The shares were sold at an average price of $23.58, for a total value of $2,947,500.00.
  • On Thursday, April 5th, Scott Dietzen sold 8,435 shares of Pure Storage stock. The shares were sold at an average price of $20.12, for a total value of $169,712.20.

Shares of Pure Storage traded up $0.21, hitting $23.88, during trading on Friday, according to Marketbeat. 2,787,800 shares of the company traded hands, compared to its average volume of 3,466,448. Pure Storage Inc has a 1 year low of $11.99 and a 1 year high of $25.62. The company has a debt-to-equity ratio of 0.68, a current ratio of 4.34 and a quick ratio of 4.22.

Pure Storage (NYSE:PSTG) last announced its quarterly earnings data on Monday, May 21st. The technology company reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.05. The company had revenue of $255.90 million during the quarter, compared to analysts’ expectations of $251.06 million. Pure Storage had a negative net margin of 16.38% and a negative return on equity of 35.13%. The business’s quarterly revenue was up 40.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.14) EPS. analysts anticipate that Pure Storage Inc will post -0.73 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. American International Group Inc. lifted its holdings in shares of Pure Storage by 4.8% during the 4th quarter. American International Group Inc. now owns 65,393 shares of the technology company’s stock valued at $1,037,000 after acquiring an additional 2,982 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Pure Storage by 4.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 77,291 shares of the technology company’s stock valued at $1,226,000 after purchasing an additional 3,498 shares during the period. Swiss National Bank boosted its holdings in Pure Storage by 2.8% in the 1st quarter. Swiss National Bank now owns 142,800 shares of the technology company’s stock valued at $2,849,000 after purchasing an additional 3,900 shares during the period. California State Teachers Retirement System boosted its holdings in Pure Storage by 2.7% in the 4th quarter. California State Teachers Retirement System now owns 153,029 shares of the technology company’s stock valued at $2,427,000 after purchasing an additional 4,066 shares during the period. Finally, LPL Financial LLC boosted its holdings in Pure Storage by 13.4% in the 1st quarter. LPL Financial LLC now owns 42,991 shares of the technology company’s stock valued at $858,000 after purchasing an additional 5,089 shares during the period. Institutional investors and hedge funds own 57.37% of the company’s stock.

A number of brokerages have recently weighed in on PSTG. Robert W. Baird reissued a “neutral” rating and set a $22.00 price objective (up from $20.00) on shares of Pure Storage in a research note on Friday, March 2nd. Stifel Nicolaus started coverage on shares of Pure Storage in a research note on Tuesday, June 5th. They issued a “hold” rating and a $23.00 target price for the company. TheStreet raised shares of Pure Storage from a “d” rating to a “c-” rating in a research note on Thursday, March 1st. Summit Insights raised shares of Pure Storage to a “buy” rating in a research note on Tuesday, May 22nd. Finally, BMO Capital Markets lifted their target price on shares of Pure Storage from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $23.45.

About Pure Storage

Pure Storage, Inc engages in building a data platform that enables businesses to enhance performance and reduce complexity and costs worldwide. The company delivers its data platform through Purity Operating Environment, an optimized software for solid-state memory that offers enterprise-class storage and protocol services; FlashArray and FlashBlade optimized hardware products for solid-state memory to enhance the performance and density of flash, optimize its advanced software services, and reduce solution cost for customers; Pure1, a cloud-based management and support software; and FlashStack, a converged infrastructure solution.

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

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