Look At Analyst Expectations For A Better Read On Pure Storage Inc (NYSE: PSTG)

Currently, there are 304.08M common shares owned by the public and among those 296.13M shares have been available to trade.

Insiders at the company have transacted a total of 43 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 14 of these insider trades were purchases, accounting for 1,164,559 shares. Insider sales of the common stock occurred on 29 occasions, with total insider shares sold totaling 750,829 shares.

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However, the script later moved the day high at 42.24, down -0.50%. The company’s stock has a 5-day price change of 1.29% and 19.22% over the past three months. PSTG shares are trading 16.88% year to date (YTD), with the 12-month market performance up to 39.35% higher. It has a 12-month low price of $22.14 and touched a high of $42.80 over the same period. PSTG has an average intraday trading volume of 4.71 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.37%, 12.79%, and 20.32% respectively.

Institutional ownership of Pure Storage Inc (NYSE: PSTG) shares accounts for 84.15% of the company’s 304.08M shares outstanding.

It has a market capitalization of $13.17B and a beta (3y monthly) value of 1.10. The stock’s trailing 12-month PE ratio is 220.53, while the earnings-per-share (ttm) stands at $0.19. The company has a PEG of 26.63 and a Quick Ratio of 1.72 with the debt-to-equity ratio at 0.24. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.11% over the week and 3.11% over the month.

Earnings per share for the fiscal year are expected to decrease by -3.43%, and 11.88% over the next financial year.

Looking at the support for the PSTG, a number of firms have released research notes about the stock. Guggenheim stated their Buy rating for the stock in a research note on December 07, 2023, with the firm’s price target at $48.

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