Pure Storage Inc (NYSE: PSTG) is 40.63% 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 $52.62 in the last trading session, with the day’s loss setting it -2.47%.
Currently trading at $50.15, the stock is -5.87% and -2.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.31 million and changing -4.69% at the moment leaves the stock -7.93% off its SMA200. PSTG registered 38.12% gain for a year compared to 6-month loss of -11.10%. The firm has a 50-day simple moving average (SMA 50) of $51.2122 and a 200-day simple moving average (SMA200) of $54.42325.
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The stock witnessed a -6.96% gain in the last 1 month and extending the period to 3 months gives it a -16.83%, and is -1.96% 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 3.06% over the week and 3.10% over the month.
Pure Storage Inc (PSTG) has around 5600 employees, a market worth around $16.43B and $3.01B in sales. Current P/E ratio is 123.64 and Fwd P/E is 27.00. Profit margin for the company is 4.53%. Distance from 52-week low is 61.77% and -28.77% from its 52-week high. The company has generated returns on investments over the last 12 months (8.12%).
with sales reaching $814.93M over the same period.The EPS is expected to grow by 12.76% this year, but quarterly earnings will post 10.50% year-over-year.
Pure Storage Inc (PSTG) Top Institutional Holders
896.0 institutions hold shares in Pure Storage Inc (PSTG), with institutional investors hold 90.51% of the company’s shares. The shares outstanding are 319.52M, and float is at 309.86M with Short Float at 2.90%. Institutions hold 85.79% of the Float.
The top institutional shareholder in the company is FMR LLC with over 48.79 million shares valued at $3.13 billion. The investor’s holdings represent 15.123% of the PSTG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 33.38 million shares valued at $2.14 billion to account for 10.3483 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 31.88 million shares representing 9.8811% and valued at over $2.05 billion, while STATE STREET CORP holds 2.9872 of the shares totaling 9.64 million with a market value of $618.74 million.
Pure Storage Inc (PSTG) Insider Activity
The most recent transaction is an insider sale by Colgrove John, the company’s Chief Visionary Officer. SEC filings show that Colgrove John sold 100,000 shares of the company’s common stock on Nov 04 ’24 at a price of $50.01 per share for a total of $5.0 million. Following the sale, the insider now owns 0.2 million shares.
Pure Storage Inc disclosed in a document filed with the SEC on Oct 21 ’24 that Colgrove John (Chief Visionary Officer) sold a total of 100,000 shares of the company’s common stock. The trade occurred on Oct 21 ’24 and was made at $57.32 per share for $5.73 million. Following the transaction, the insider now directly holds 0.3 million shares of the PSTG stock.
Still, SEC filings show that on Oct 21 ’24, The Colgrove Family Charitable (Director) Proposed Sale 400,000 shares at an average price of $57.07 for $22.83 million. The insider now directly holds shares of Pure Storage Inc (PSTG).
