Pure Storage Inc (NYSE:PSTG) insider John Colgrove sold 2,167 shares of the stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $16.50, for a total transaction of $35,755.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Pure Storage Inc (NYSE:PSTG) traded up $0.20 on Thursday, reaching $16.78. 344,891 shares of the company traded hands, compared to its average volume of 2,120,000. The company has a market cap of $3,640.00 and a P/E ratio of -16.29. Pure Storage Inc has a 52 week low of $9.12 and a 52 week high of $19.27.
Pure Storage (NYSE:PSTG) last announced its quarterly earnings results on Tuesday, November 28th. The technology company reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $277.70 million during the quarter, compared to the consensus estimate of $272.07 million. During the same period last year, the firm earned ($0.10) EPS. The business’s quarterly revenue was up 41.0% compared to the same quarter last year. equities research analysts predict that Pure Storage Inc will post -0.93 EPS for the current year.
Several equities analysts recently weighed in on PSTG shares. UBS Group reaffirmed a “buy” rating and issued a $22.00 price target (up previously from $18.00) on shares of Pure Storage in a research report on Wednesday, November 29th. KeyCorp reaffirmed a “buy” rating on shares of Pure Storage in a research report on Wednesday, November 1st. BTIG Research raised their price target 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 target 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 reiterated a “buy” rating and issued a $21.00 price objective on shares of Pure Storage in a research note on Wednesday, November 29th. 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 presently has an average rating of “Buy” and a consensus price target of $18.55.
TRADEMARK VIOLATION NOTICE: “Pure Storage Inc (PSTG) Insider John Colgrove Sells 2,167 Shares” was originally published by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://www.com-unik.info/2018/01/11/pure-storage-inc-pstg-insider-john-colgrove-sells-2167-shares.html.
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.
What are top analysts saying about Pure Storage? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Pure Storage and related companies.