Finally, Robert W. Baird reiterated a "hold" rating on shares of Pure Storage in a research note on Thursday, May 25th.
The company's Average Revenue Estimate for the current quarter is $270.88 Million, while Low and High Revenue Estimates are $260.44 Million and $284.85 Million respectively. The company's past year sales total was 163210.
21 analysts on average are expecting Pure Storage, Inc.to report earnings of $-0.05 per share for the current quarter. The total amount of shares outstanding is 208.53 million, giving the company a market capitalization of about 2.64 billion.
BMO Capital said Friday it has raised Pure Storage's price target to $16 from $15 on another solid quarter report, while reiterating an outperform rating. The biggest holder now is Mr. Timothy Riitters who owns 227,200 shares (0.11% of those outstanding), whilst Frank Slootman holds 191,809 (0.09% of shares outstanding) and Mr. Scott Dietzen holds 113,216 (0.05% of shares outstanding).
Going forward, Riitters said Pure Storage is "laser-focused" on topping $1 billion in revenue this year, as well as achieving profitability "in the near future". Following the transaction, the chief financial officer now directly owns 227,200 shares in the company, valued at $2,910,432. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock.
Pure Storage, Inc. (PSTG) stock price rose 7.74 percent over the past one year, while increased 8.58 percent during the past 6 months.
Now insiders hold 505,492 shares in the business which makes up 0.24% of shares. The stock was sold at an average price of $13.00, for a total transaction of $248,118.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The disclosure for this sale can be found here. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pure Storage, Inc. with MarketBeat.com's FREE daily email newsletter. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest.
The SMA20 for the stock is at -0.13 percent, SMA50 stands at -2.93 percent, while SMA200 is 5.21 Percent, according to Finviz reported data.
Hedge funds and other institutional investors have recently modified their holdings of the company. First Trust Advisors LP bought a new position in Pure Storage during the first quarter valued at approximately $135,000. Insiders own 46.58% of the company's stock. Point72 Asia Hong Kong Ltd now owns 13,815 shares of the technology company's stock valued at $136,000 after buying an additional 3,557 shares during the period. Finally, American National Insurance Co. Amalgamated Bank acquired a new stake in Pure Storage during the second quarter worth $151,000.
Pure Storage provides storage systems for businesses and cloud computing based on flash-based chip technology. Its data platform replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory.
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Following the completion of the sale, the insider now directly owns 17,913 shares of the company's stock, valued at $1,614,319.56. The Pres., Legal & General Counsel now owns $1,607,796 of the stock as reported to the SEC. 24 were reported by Oakworth Capital.