Pure Storage Inc (NYSE: PSTG) is -30.46% lower on its value in year-to-date trading and has touched a low of $34.51 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 $40.36 in the last trading session, with the day’s gains setting it 2.36%.
Currently trading at $42.72, the stock is 0.14% and -15.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.15 million and changing 5.85% at the moment leaves the stock -23.77% off its SMA200. PSTG registered -13.63% loss for a year compared to 6-month loss of -25.14%. The firm has a 50-day simple moving average (SMA 50) of $51.3638 and a 200-day simple moving average (SMA200) of $56.15295.
The stock witnessed a -19.21% gain in the last 1 month and extending the period to 3 months gives it a -40.92%, and is 1.84% 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 3.22% over the week and 5.87% over the month.
Pure Storage Inc (PSTG) has around 6000 employees, a market worth around $13.16B and $3.17B in sales. Current P/E ratio is 139.65 and Fwd P/E is 19.94. Profit margin for the company is 3.37%. Distance from 52-week low is 23.79% and -42.01% from its 52-week high. The company has generated returns on investments over the last 12 months (7.39%).
The EPS is expected to shrink by -1.88% this year
942.0 institutions hold shares in Pure Storage Inc (PSTG), with institutional investors hold 90.90% of the company’s shares. The shares outstanding are 326.10M, and float is at 307.99M with Short Float at 3.42%. Institutions hold 86.33% 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 14.9498 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 10.2298 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 31.88 million shares representing 9.7679 and valued at over $2.05 billion, while STATE STREET CORP holds 2.9529 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 FitzSimons Dan, the company’s Chief Revenue Officer. SEC filings show that FitzSimons Dan sold 6,977 shares of the company’s common stock on Apr 21 ’25 at a price of $40.91 per share for a total of $0.29 million. Following the sale, the insider now owns 90223.0 shares.
Still, SEC filings show that on Mar 21 ’25, FitzSimons Dan (Chief Revenue Officer) disposed off 8,895 shares at an average price of $49.69 for $0.44 million. The insider now directly holds 97,200 shares of Pure Storage Inc (PSTG).
