Is Pure Storage Inc (NYSE: PSTG) The Best Stock To Invest In?

After Hours

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.

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Stocks Info

Pure Storage Inc is listed on the NYSE in the Technology sector while operating in the Computer Hardware industry. The current market capitalization of Pure Storage Inc is $21.43B. A total of 2.41 million shares were traded on the day, compared to an average of 3.58M shares.

In the most recent transaction, Krysler P. Kevan sold 14,296 shares of PSTG for 63.79 per share on Jul 05 ’24. After the transaction, the Chief Financial Officer now owns 518,623 company shares. In a previous transaction on Jun 18 ’24, Chu Mona sold 10,000 shares at 70.11 per share. PSTG shares that Chief Accounting Officer owns now total 130,547.

Among the insiders who sold shares, Taylor Roxanne disposed of 8,543 shares on Jun 18 ’24 at a per-share price of $69.24. This resulted in the Director holding 14,608 shares of PSTG after the transaction. In another insider transaction, Yen Mallun sold 4,818 shares at $64.78 per share on Jun 07 ’24. Company shares held by the Director now total 35,498.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, PSTG has a high of $70.41 and a low of $31.00.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $4.23, while its Total Shareholder’s Equity was $754.34M.

Analysts Opinion

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. 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 4.20.

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