Pure Storage Inc (NYSE: PSTG) is -13.17% 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 $48.70 in the last trading session, with the day’s gains setting it 4.64%.
Currently trading at $53.34, the stock is 17.91% and 14.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.01 million and changing 9.53% at the moment leaves the stock -3.06% off its SMA200. PSTG registered -0.21% loss for a year compared to 6-month loss of -1.35%.
The stock witnessed a 27.24% gain in the last 1 month and extending the period to 3 months gives it a -24.79%, and is 12.11% 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 3.76% over the week and 3.54% over the month.
Pure Storage Inc (PSTG) has around 6000 employees, a market worth around $17.45B and $3.17B in sales. Current P/E ratio is 174.37 and Fwd P/E is 24.94. Profit margin for the company is 3.37%. Distance from 52-week low is 54.56% and -27.60% 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 -2.00% this year.
Pure Storage Inc (PSTG) Top Institutional Holders
The shares outstanding are 326.10M, and float is at 308.93M with Short Float at 3.77%.
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
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Still, SEC filings show that on Apr 21 ’25, FitzSimons Dan (Chief Revenue Officer) disposed off 6,977 shares at an average price of $40.91 for $0.29 million. The insider now directly holds 90,223 shares of Pure Storage Inc (PSTG).
