There’s No Getting Around Pure Storage Inc (NYSE: PSTG) Success

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 With Pure Storage, the City of Bloomington Reduces Data Center Footprint by 85%, While Driving Financial Flexibility and IT Performance.

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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 $17.09B. A total of 3.5 million shares were traded on the day, compared to an average of 4.83M shares.

In the most recent transaction, FitzSimons Dan sold 36,437 shares of PSTG for 53.80 per share on Mar 01 ’24. After the transaction, the Chief Revenue Officer now owns 90,559 company shares. In a previous transaction on Mar 01 ’24, 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 ’23 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 ’23. Company shares held by the Director now total 55,743.

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. In terms of 52-week highs and lows, PSTG has a high of $58.46 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 18 estimates, with a high estimate of $0.26 per share and a lower estimate of $0.18. 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 $3.97, 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 4.58.

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