Pure Storage Inc (PSTG) concluded trading on Wednesday at a closing price of $52.20, with 5.11 million shares of worth about $266.58 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.77% during that period and on March 05, 2025 the price saw a gain of about 4.17%. Currently the company’s common shares owned by public are about 326.24M shares, out of which, 308.45M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Stock saw a price change of -16.40% in past 5 days and over the past one month there was a price change of -21.83%. Year-to-date (YTD), PSTG shares are showing a performance of -15.03% which decreased to -5.66% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $44.76 but also hit the highest price of $73.67 during that period. The average intraday trading volume for Pure Storage Inc shares is 2.83 million. The stock is currently trading -17.42% below its 20-day simple moving average (SMA20), while that difference is down -19.34% for SMA50 and it goes to -11.61% lower than SMA200.
Pure Storage Inc (NYSE: PSTG) currently have 326.24M outstanding shares and institutions hold larger chunk of about 85.04% of that.
The stock has a current market capitalization of $17.03B and its 3Y-monthly beta is at 1.03. PE ratio of stock for trailing 12 months is 172.73, while it has posted earnings per share of $0.30 in the same period. Its PEG reads 12.19 and has Quick Ratio of 1.52 while making debt-to-equity ratio of 0.21. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PSTG, volatility over the week remained 7.59% while standing at 4.37% over the month.
Stock’s fiscal year EPS is expected to drop by -0.65% while it is estimated to increase by 28.64% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Piper Sandler on December 04, 2024 offering an Overweight rating for the stock and assigned a target price range of between $56 and $76 to it. Coverage by Wells Fargo stated Pure Storage Inc (PSTG) stock as an Overweight in their note to investors on December 04, 2024, suggesting a price target of $80 for the stock. On December 04, 2024, TD Cowen Reiterated their recommendations, while on December 04, 2024, Stifel Reiterated their ratings for the stock with a price target of $65. Stock get a Buy rating from Needham on December 04, 2024.
