Press coverage about Pure Storage (NYSE:PSTG) has trended positive on Sunday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pure Storage earned a daily sentiment score of 0.29 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.9173958254157 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Pure Storage Inc (PSTG) Major Shareholder James N. White Sells 95,123 Shares (americanbankingnews.com)
- Pure Storage, Inc. (NYSE:PSTG) – Radar for In Play Stock – Nasdaq Journal (press release) (nasdaqjournal.com)
- Will Pure Storage Inc. (NYSE:PSTG) Stock Benefit From The Booming Storage Sector – BNL Finance (press release) (blog) (bnlfinance.com)
- Chapman University Improves Student Access to Apps and Data, Expects to Cut Storage Management Burden by 95 Percent with New Data Platform from Pure Storage (finance.yahoo.com)
- Insider Selling: Pure Storage Inc (PSTG) Insider Sells 2,167 Shares of Stock (americanbankingnews.com)
Shares of Pure Storage (NYSE PSTG) opened at $16.47 on Friday. Pure Storage has a 12-month low of $9.12 and a 12-month high of $19.27. The company has a market capitalization of $3,570.00 and a PE ratio of -15.99.
Several research analysts have recently weighed in on PSTG shares. UBS Group reissued a “buy” rating and issued a $22.00 price objective (up from $18.00) on shares of Pure Storage in a research report on Wednesday, November 29th. Lake Street Capital set a $21.00 price objective on Pure Storage and gave the stock a “buy” rating in a research report on Wednesday, November 29th. They noted that the move was a valuation call. KeyCorp reissued a “buy” rating on shares of Pure Storage in a research report on Wednesday, November 1st. BTIG Research lifted their price objective on Pure Storage from $14.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, Oppenheimer reissued a “buy” rating and issued a $21.00 price objective on shares of Pure Storage in a research report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $18.55.
In other Pure Storage news, Director Scott Dietzen sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $17.22, for a total transaction of $3,444,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President David Hatfield sold 70,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $16.35, for a total value of $1,144,500.00. The disclosure for this sale can be found here. Insiders sold a total of 622,362 shares of company stock valued at $10,662,085 over the last ninety days. 46.58% of the stock is currently owned by corporate insiders.
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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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