The Street Is Finally Waking Up To Pure Storage Inc (NYSE: PSTG)

After Hours

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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. The current market capitalization of Pure Storage Inc is $17.36B. A total of 2.71 million shares were traded on the day, compared to an average of 3.86M shares.

In the most recent transaction, Singh Ajay sold 37,588 shares of PSTG for 53.54 per share on Apr 05 ’24. After the transaction, the Chief Product Officer now owns 380,834 company shares. In a previous transaction on Apr 05 ’24, Pure Storage, Inc. sold 7,500 shares at 52.80 per share. PSTG shares that Director owns now total 28,896.

Among the insiders who sold shares, Dietzen Scott disposed of 272,541 shares on Apr 04 ’24 at a per-share price of $53.33. This resulted in the Director holding 645,971 shares of PSTG after the transaction. In another insider transaction, Taylor Roxanne sold 36,860 shares at $53.76 per share on Apr 04 ’24. Company shares held by the Director now total 18,883.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. 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 $Performance Shipping 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 $Postal Realty Trust, 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 $3.97, 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 4.60.

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