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. Most recently, Yahoo Finance reported about the stock as it publicized that With Pure Storage, Adistec Transforms Latin American IT While Cutting Hardware Costs up to 80% with Evergreen//Flex.
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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 $41.18 and fluctuated between $42.08 as its day high and $41.02 as its day low. The current market capitalization of Pure Storage Inc is $13.01B. A total of 5.71 million shares were traded on the day, compared to an average of 4.49M 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 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 14 BUYs and 29 SELLs from insiders. Insiders purchased 1,164,559 shares during that period but sold 750,829.
In the most recent transaction, Krysler P. Kevan sold 26,257 shares of PSTG for 35.89 per share on Dec 28. After the transaction, the Chief Financial Officer now owns 444,021 company shares. In a previous transaction on Dec 19, Taylor Roxanne sold 16,216 shares at 37.05 per share. PSTG shares that Director owns now total 55,743.
Among the insiders who sold shares, Tomb Gregory disposed of 8,475 shares on Dec 07 at a per-share price of $32.53. This resulted in the Director holding 22,137 shares of PSTG after the transaction. In another insider transaction, Tomb Gregory sold 8,475 shares at $32.53 per share on Dec 06. Company shares held by the Director now total 30,612.
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 $42.41 with high estimates of $58.00 and low estimates of $35.00. In terms of 52-week highs and lows, PSTG has a high of $40.91 and a low of $22.14.
As of this writing, PSTG has an earnings estimate of $NanoString Technologies, Inc. per share for the current quarter. EPS was calculated based on a consensus of Pure Storage, Inc. estimates, with a high estimate of $Poseida Therapeutics, Inc. per share and a lower estimate of $Performance Shipping Inc.
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. PSTG’s latest balance sheet shows that the firm has $1.41B in Cash & Short Term Investments as of fiscal 2022. There were $916.39M in debt and $952.32M in liabilities at the time. Its Book Value Per Share was $3.63, while its Total Shareholder’s Equity was $754.34M.
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, 0 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 Buy with a score of 4.72.
