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Wednesday, March 22, 2023

The Question Is Whether To Buy Or Not To Buy Pure Storage Inc. (NYSE: PSTG)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Pure Storage Inc. (PSTG) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.12, or 0.49%, to $24.55. The Pure Storage Inc. has recorded 84,885 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Pure Storage Ushers in the New Era of Unstructured Data Storage with FlashBlade//E.

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Stocks Info

Pure Storage Inc. is listed on the NYSE as a member of the Technology sector and is a part of the Computer Hardware industry. At the end of the last regular session, the stock closed at $24.43 and fluctuated between $25.85 as its day high and $23.74 as its day low. The current market capitalization of Pure Storage Inc. is $7.75B. A total of 31.29 million shares were traded on the day, compared to an average of 4.39M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, PSTG has seen 0 BUY and 10 SELL insider trades, representing the acquisition of 0 and the disposition of 181,240 shares. Over the last 12 months, there were 13 BUYs and 27 SELLs from insiders. Insiders purchased 1,410,970 shares during that period but sold 749,898.

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

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for PSTG in the last 3 months, the mean price target is $38.72 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 $0.39 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $0.44 per share and a lower estimate of $0.33. The company reported an EPS of $0.32 in the last quarter, which was 45.50% higher than expectations of $0.22.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

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. 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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