Pure Storage Inc (NYSE:PSTG) Director Michael L. Speiser sold 4,437,833 shares of the firm’s stock in a transaction that occurred on Monday, July 9th. The shares were sold at an average price of $23.38, for a total value of $103,756,535.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Pure Storage traded down $0.27, reaching $23.78, on Wednesday, Marketbeat Ratings reports. The stock had a trading volume of 1,689,262 shares, compared to its average volume of 3,433,444. The company has a market cap of $5.56 billion, a P/E ratio of -28.16 and a beta of 1.32. Pure Storage Inc has a 1 year low of $11.99 and a 1 year high of $25.62. The company has a debt-to-equity ratio of 0.68, a current ratio of 4.34 and a quick ratio of 4.22.
Pure Storage (NYSE:PSTG) last released its quarterly earnings results on Monday, May 21st. The technology company reported ($0.07) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.05. The firm had revenue of $255.90 million for the quarter, compared to the consensus estimate of $251.06 million. Pure Storage had a negative return on equity of 35.13% and a negative net margin of 16.38%. The company’s revenue for the quarter was up 40.1% on a year-over-year basis. During the same period last year, the business posted ($0.14) EPS. analysts expect that Pure Storage Inc will post -0.75 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the company. Fortis Advisors LLC purchased a new position in shares of Pure Storage in the 1st quarter worth $118,000. WealthTrust Fairport LLC purchased a new position in shares of Pure Storage in the 1st quarter worth $121,000. Point72 Asia Hong Kong Ltd purchased a new position in shares of Pure Storage in the 1st quarter worth $132,000. Adviser Investments LLC purchased a new position in shares of Pure Storage in the 1st quarter worth $136,000. Finally, First Mercantile Trust Co. purchased a new position in shares of Pure Storage in the 1st quarter worth $196,000. Hedge funds and other institutional investors own 57.37% of the company’s stock.
Pure Storage Company Profile
Pure Storage, Inc engages in building a data platform that enables businesses to enhance performance and reduce complexity and costs worldwide. The company delivers its data platform through Purity Operating Environment, an optimized software for solid-state memory that offers enterprise-class storage and protocol services; FlashArray and FlashBlade optimized hardware products for solid-state memory to enhance the performance and density of flash, optimize its advanced software services, and reduce solution cost for customers; Pure1, a cloud-based management and support software; and FlashStack, a converged infrastructure solution.
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