David Hatfield Sells 30,000 Shares of Pure Storage, Inc. (PSTG) Stock
Pure Storage, Inc. (NYSE:PSTG) President David Hatfield sold 30,000 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $14.66, for a total value of $439,800.00. Following the completion of the sale, the president now owns 215,190 shares of the company’s stock, valued at approximately $3,154,685.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
David Hatfield also recently made the following trade(s):
- On Thursday, July 6th, David Hatfield sold 1,844 shares of Pure Storage stock. The shares were sold at an average price of $12.77, for a total value of $23,547.88.
Pure Storage, Inc. (NYSE:PSTG) opened at 15.02 on Friday. Pure Storage, Inc. has a 12-month low of $9.12 and a 12-month high of $15.64. The company’s 50 day moving average price is $13.63 and its 200-day moving average price is $12.13. The company’s market capitalization is $3.18 billion.
Pure Storage (NYSE:PSTG) last issued its earnings results on Thursday, August 24th. The technology company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.20. Pure Storage had a negative return on equity of 46.12% and a negative net margin of 29.55%. The business had revenue of $224.50 million during the quarter, compared to analyst estimates of $217.97 million. During the same period in the previous year, the company posted ($0.16) EPS. The firm’s revenue was up 37.6% compared to the same quarter last year. Equities analysts forecast that Pure Storage, Inc. will post ($0.21) earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. increased its position in Pure Storage by 38.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,171 shares of the technology company’s stock valued at $105,000 after buying an additional 2,284 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Pure Storage by 641.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,649 shares of the technology company’s stock valued at $149,000 after buying an additional 10,078 shares in the last quarter. Amalgamated Bank bought a new stake in Pure Storage in the 2nd quarter valued at about $151,000. Principal Financial Group Inc. bought a new stake in Pure Storage in the 2nd quarter valued at about $166,000. Finally, First Trust Advisors LP bought a new stake in Pure Storage in the 1st quarter valued at about $135,000. 35.30% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have issued reports on the company. Vetr upgraded Pure Storage from a “buy” rating to a “strong-buy” rating and set a $15.50 price target for the company in a report on Wednesday, June 14th. BMO Capital Markets restated an “outperform” rating and issued a $16.00 price target (up from $15.00) on shares of Pure Storage in a report on Friday, August 25th. ValuEngine downgraded Pure Storage from a “hold” rating to a “sell” rating in a report on Monday, September 11th. BidaskClub upgraded Pure Storage from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Finally, Susquehanna Bancshares Inc restated a “positive” rating and issued a $16.00 price target on shares of Pure Storage in a report on Wednesday, June 14th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $15.61.
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.
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