Pure Storage Inc (NYSE: PSTG) is 71.73% higher on its value in year-to-date trading and has touched a low of $31.00 and a high of $70.41 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 $61.09 in the last trading session, with the day’s gains setting it 0.15%.
Currently trading at $61.24, the stock is -3.87% and -2.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.37 million and changing 0.25% at the moment leaves the stock 29.40% off its SMA200. PSTG registered 65.20% gain for a year compared to 6-month gain of 48.71%.
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The stock witnessed a -5.02% loss in the last 1 month and extending the period to 3 months gives it a 21.24%, and is -4.22% down 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 3.47% over the week and 3.26% over the month.
Pure Storage Inc (PSTG) has around 5600 employees, a market worth around $19.92B and $2.93B in sales. Current P/E ratio is 219.73 and Fwd P/E is 32.76. Profit margin for the company is 3.19%. Distance from 52-week low is 97.55% and -13.02% from its 52-week high. The company has generated returns on investments over the last 12 months (5.88%).
The EPS is expected to grow by 10.24% this year.
Pure Storage Inc (PSTG) Top Institutional Holders
The shares outstanding are 319.52M, and float is at 306.45M with Short Float at 2.81%.
Pure Storage Inc (PSTG) Insider Activity
The most recent transaction is an insider sale by Colgrove John,the company’sChief Visionary Officer. SEC filings show that Colgrove John sold 100,000 shares of the company’s common stock on Jul 18 ’24 at a price of $59.50 per share for a total of $5.95 million. Following the sale, the insider now owns 0.9 million shares.
Pure Storage Inc disclosed in a document filed with the SEC on Jul 05 ’24 that Krysler P. Kevan (Chief Financial Officer) sold a total of 14,296 shares of the company’s common stock. The trade occurred on Jul 05 ’24 and was made at $63.79 per share for $0.91 million. Following the transaction, the insider now directly holds 0.52 million shares of the PSTG stock.
Still, SEC filings show that on Jun 18 ’24, Chu Mona (Chief Accounting Officer) disposed off 10,000 shares at an average price of $70.11 for $0.7 million. The insider now directly holds 130,547 shares of Pure Storage Inc (PSTG).