After Hours
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. Yahoo Finance discussed the stock recently as it posted Pure Storage Unveils Strategic Evolution of its Partner Program, Built for the Subscription Economy.
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Stocks Info
PSTG belongs to the Technology sector of the NYSE while operating in the Computer Hardware industry. The current market capitalization of Pure Storage Inc is $16.64B. A total of 13.44 million shares were traded on the day, compared to an average of 5.04M shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. 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.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for PSTG in the last 3 months, the mean price target is $46.82 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 $45.34 and a low of $22.14.
As of this writing, PSTG has an earnings estimate of $0.2 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $0.32 per share and a lower estimate of $0.06. The company reported an EPS of $0.5 in the last quarter, which was 25.00% higher than expectations of $0.4.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 4.59.
