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These Numbers Show Favorable Signs for Pure Storage Inc (PSTG)

Pure Storage Inc (NYSE: PSTG) is 58.19% higher on its value in year-to-date trading and has touched a low of $23.25 and a high of $58.46 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PSTG stock was last observed hovering at around $54.33 in the last trading session, with the day’s gains setting it 2.08%.

Currently trading at $56.41, the stock is 7.95% and 7.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.21 million and changing 3.83% at the moment leaves the stock 37.31% off its SMA200. PSTG registered 142.73% gain for a year compared to 6-month gain of 55.36%.

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The stock witnessed a 7.86% loss in the last 1 month and extending the period to 3 months gives it a 32.08%, and is 6.07% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.60% over the week and 3.27% over the month.

Pure Storage Inc (PSTG) has around 5600 employees, a market worth around $18.34B and $2.83B in sales. Current P/E ratio is 337.99 and Fwd P/E is 30.87. Profit margin for the company is 2.17%. Distance from 52-week low is 142.62% and -3.51% from its 52-week high. The company has generated returns on investments over the last 12 months (4.11%).

The EPS is expected to grow by 7.38% this year.

Pure Storage Inc (PSTG) Top Institutional Holders

The shares outstanding are 319.52M, and float is at 304.56M with Short Float at 3.36%.

Pure Storage Inc (PSTG) Insider Activity

The most recent transaction is an insider sale by Krysler P. Kevan,the company’sChief Financial Officer. SEC filings show that Krysler P. Kevan sold 15,286 shares of the company’s common stock on Apr 17 ’24 at a price of $52.80 per share for a total of $0.81 million. Following the sale, the insider now owns 0.51 million shares.

Pure Storage Inc disclosed in a document filed with the SEC on Apr 16 ’24 that FitzSimons Dan (Chief Revenue Officer) sold a total of 29,283 shares of the company’s common stock. The trade occurred on Apr 16 ’24 and was made at $52.14 per share for $1.53 million. Following the transaction, the insider now directly holds 0.14 million shares of the PSTG stock.

Still, SEC filings show that on Apr 15 ’24, Brown Andrew William Fraser (Director) disposed off 20,564 shares at an average price of $52.31 for $1.08 million. The insider now directly holds 24,400 shares of Pure Storage Inc (PSTG).

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