Pure Storage Inc (NYSE: PSTG) is -18.43% lower on its value in year-to-date trading and has touched a low of $44.76 and a high of $73.67 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PSTG stock was last observed hovering at around $49.43 in the last trading session, with the day’s gains setting it 0.68%.
Currently trading at $50.11, the stock is -21.73% and -22.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.66 million and changing 1.38% at the moment leaves the stock -15.20% off its SMA200. PSTG registered -4.82% loss for a year compared to 6-month gain of -0.42%.
The stock witnessed a -26.08% loss in the last 1 month and extending the period to 3 months gives it a -5.26%, and is -18.25% 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 6.82% over the week and 4.26% over the month.
Pure Storage Inc (PSTG) has around 5600 employees, a market worth around $16.35B and $3.17B in sales. Current P/E ratio is 165.82 and Fwd P/E is 22.77. Profit margin for the company is 3.37%. Distance from 52-week low is 11.95% and -31.98% from its 52-week high. The company has generated returns on investments over the last 12 months (7.39%).
with sales reaching $771.03M over the same period.The EPS is expected to shrink by -0.66% this year, but quarterly earnings will post 11.09% year-over-year. Quarterly sales are estimated to grow 11.18% in year-over-year returns.
Pure Storage Inc (PSTG) Top Institutional Holders
The shares outstanding are 326.24M, and float is at 308.45M with Short Float at 3.83%.
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
A total of 0 insider transactions have happened at Pure Storage Inc (PSTG) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Singh Ajay,the company’sChief Product Officer. SEC filings show that Singh Ajay sold 19,972 shares of the company’s common stock on Dec 31 ’24 at a price of $61.58 per share for a total of $1.23 million. Following the sale, the insider now owns 0.26 million shares.
Still, SEC filings show that on Dec 24 ’24, FitzSimons Dan (Chief Revenue Officer) disposed off 8,895 shares at an average price of $64.11 for $0.57 million. The insider now directly holds 72,927 shares of Pure Storage Inc (PSTG).
Pure Storage Inc (PSTG): Who are the competitors?
The company’s main competitors (and peers) include SmartMetric Inc. (SMME) that is trading -99.80% down over the past 12 months. Seagate Technology Holdings PLC (STX) that is -0.06% lower over the same period.
