Pure Storage Inc (PSTG) President Sells $1,186,500.00 in Stock

Pure Storage Inc (NYSE:PSTG) President David Hatfield sold 70,000 shares of Pure Storage 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 Securities & Exchange Commission, which is available at this link.

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

  • 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.

Pure Storage Inc (NYSE PSTG) opened at $16.15 on Friday. The stock has a market cap of $3,500.00 and a price-to-earnings ratio of -15.68. Pure Storage Inc has a fifty-two week low of $9.12 and a fifty-two week high of $19.27.

Pure Storage (NYSE:PSTG) last posted its quarterly earnings data on Tuesday, November 28th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ 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%. The business’s revenue for the quarter was up 41.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.10) EPS. analysts predict that Pure Storage Inc will post -0.93 EPS for the current year.

PSTG has been the subject of a number of recent research reports. BTIG Research boosted their price target on shares of Pure Storage from $14.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. ValuEngine lowered shares of Pure Storage from a “hold” rating to a “sell” rating in a research note on Monday, September 11th. BidaskClub lowered shares of Pure Storage from a “hold” rating to a “sell” rating in a research note on Wednesday, September 13th. Wells Fargo & Company initiated coverage on shares of Pure Storage in a research note on Tuesday, November 14th. They set an “outperform” rating and a $22.00 price target for the company. Finally, UBS restated a “buy” rating and set a $18.00 price target (up previously from $15.00) on shares of Pure Storage in a research note on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned 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 price target of $18.55.

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in shares of Pure Storage by 6.3% in the 2nd quarter. BlackRock Inc. now owns 14,513,166 shares of the technology company’s stock worth $185,913,000 after buying an additional 863,990 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Pure Storage by 26.7% in the 2nd quarter. Vanguard Group Inc. now owns 7,059,059 shares of the technology company’s stock worth $90,427,000 after buying an additional 1,489,008 shares during the last quarter. FMR LLC boosted its holdings in shares of Pure Storage by 10.9% in the 2nd quarter. FMR LLC now owns 6,359,676 shares of the technology company’s stock worth $81,467,000 after buying an additional 622,600 shares during the last quarter. Okumus Fund Management Ltd. boosted its holdings in shares of Pure Storage by 4.1% in the 3rd quarter. Okumus Fund Management Ltd. now owns 5,299,197 shares of the technology company’s stock worth $84,734,000 after buying an additional 206,943 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Pure Storage by 5.0% in the 2nd quarter. Franklin Resources Inc. now owns 3,097,439 shares of the technology company’s stock worth $39,679,000 after buying an additional 146,411 shares during the last quarter. 38.44% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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