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Wednesday, February 1, 2023

Make Sure You Stick With Pure Storage Inc. (PSTG). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Pure Storage Inc. (PSTG) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.18, or 0.68%, to $26.58. The Pure Storage Inc. has recorded 321,314 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed New Pure Storage Survey Details the Critical Impact of IT on Global Environmental Sustainability Initiatives.

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Stocks Info

Pure Storage Inc. is listed on the NYSE in the Technology sector while operating in the Computer Hardware industry. At the end of the last regular session, the stock closed at $26.40 and fluctuated between $27.27 as its day high and $26.32 as its day low. The current market capitalization of Pure Storage Inc. is $7.80B. A total of 3.77 million shares were traded on the day, compared to an average of 3.75M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, PSTG has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 13 BUYs and 17 SELLs from insiders. Insiders purchased 1,410,970 shares during that period but sold 568,658.

In the most recent transaction, Krysler P. Kevan sold 27,679 shares of PSTG for 27.06 per share on Dec 29. After the transaction, the Chief Financial Officer now owns 480,831 company shares. In a previous transaction on Dec 27, Tomb Gregory sold 10,643 shares at 26.65 per share. PSTG shares that Director owns now total 30,544.

Among the insiders who sold shares, Brown Andrew William Fraser disposed of 9,930 shares on Dec 21 at a per-share price of $27.28. This resulted in the Director holding 45,518 shares of PSTG after the transaction. In another insider transaction, FitzSimons Dan sold 10,918 shares at $27.62 per share on Dec 21. Company shares held by the Chief Revenue Officer now total 119,217.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for PSTG in the last 3 months, the mean price target is $38.82 with high estimates of $47.00 and low estimates of $32.30. In terms of 52-week highs and lows, PSTG has a high of $36.71 and a low of $21.90.

As of this writing, PSTG has an earnings estimate of $0.25 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $0.29 per share and a lower estimate of $0.22. The company reported an EPS of $0.25 in the last quarter, which was 525.00% higher than expectations of $0.04.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 22 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PSTG is Sell with a score of 4.56. A total of 16 analysts rated the stock as Buy while 2 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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