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. Recently, Yahoo Finance discussed the stock, revealing that Pure Storage Delivers New Self-Service Storage Management Capabilities to Drive Enhanced Services Experience for Global Customers.
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Stocks Info
The company is listed on the NYSE and operates within the Computer Hardware industry segment. The current market capitalization of Pure Storage Inc is $17.35B. A total of 3.79 million shares were traded on the day, compared to an average of 4.93M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. 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, FitzSimons Dan sold 36,437 shares of PSTG for 53.80 per share on Mar 01. After the transaction, the Chief Revenue Officer now owns 90,559 company shares. In a previous transaction on Mar 01, Chu Mona sold 6,853 shares at 55.66 per share. PSTG shares that Chief Accounting Officer owns now total 133,100.
Among the insiders who sold shares, Krysler P. Kevan disposed of 26,257 shares on Dec 28 at a per-share price of $35.89. This resulted in the Chief Financial Officer holding 444,021 shares of PSTG after the transaction. In another insider transaction, Taylor Roxanne sold 16,216 shares at $37.05 per share on Dec 19. Company shares held by the Director now total 55,743.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, PSTG has a high of $56.42 and a low of $22.14.
As of this writing, PSTG has an earnings estimate of $0.21 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $0.26 per share and a lower estimate of $0.15. 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 equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. 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
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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.
