Pure Storage, Inc. (PSTG) CFO Timothy Riitters Sells 5,000 Shares

Pure Storage, Inc. (NYSE:PSTG) CFO Timothy Riitters sold 5,000 shares of Pure Storage stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $14.56, for a total transaction of $72,800.00. Following the transaction, the chief financial officer now directly owns 282,200 shares of the company’s stock, valued at $4,108,832. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Timothy Riitters also recently made the following trade(s):

  • On Friday, September 1st, Timothy Riitters sold 55,000 shares of Pure Storage stock. The shares were sold at an average price of $14.82, for a total transaction of $815,100.00.
  • On Thursday, July 6th, Timothy Riitters sold 10,248 shares of Pure Storage stock. The shares were sold at an average price of $12.81, for a total transaction of $131,276.88.
  • On Thursday, June 22nd, Timothy Riitters sold 8,255 shares of Pure Storage stock. The shares were sold at an average price of $13.14, for a total transaction of $108,470.70.

Shares of Pure Storage, Inc. (PSTG) opened at 14.55 on Wednesday. The company’s market capitalization is $3.04 billion. The stock has a 50 day moving average of $13.31 and a 200-day moving average of $11.97. Pure Storage, Inc. has a 52 week low of $9.12 and a 52 week high of $15.14.

Pure Storage (NYSE:PSTG) last announced its quarterly earnings data on Thursday, August 24th. The technology company reported ($0.11) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.20. The firm had revenue of $224.50 million during the quarter, compared to analyst estimates of $217.97 million. Pure Storage had a negative net margin of 29.55% and a negative return on equity of 46.12%. Pure Storage’s revenue was up 37.6% on a year-over-year basis. During the same period last year, the firm posted ($0.16) EPS. On average, analysts anticipate that Pure Storage, Inc. will post ($0.21) EPS for the current year.

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Several institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its position in shares of Pure Storage by 0.3% in the 1st quarter. Wells Fargo & Company MN now owns 57,389 shares of the technology company’s stock valued at $564,000 after purchasing an additional 150 shares during the last quarter. First Trust Advisors LP raised its position in shares of Pure Storage by 14.0% in the 2nd quarter. First Trust Advisors LP now owns 15,607 shares of the technology company’s stock valued at $200,000 after purchasing an additional 1,919 shares during the last quarter. Gradient Investments LLC increased its holdings in Pure Storage by 10.3% in the 2nd quarter. Gradient Investments LLC now owns 22,710 shares of the technology company’s stock worth $291,000 after buying an additional 2,122 shares during the period. Ameritas Investment Partners Inc. increased its holdings in Pure Storage by 38.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,171 shares of the technology company’s stock worth $105,000 after buying an additional 2,284 shares during the period. Finally, Quantbot Technologies LP increased its holdings in Pure Storage by 8.2% in the 1st quarter. Quantbot Technologies LP now owns 34,256 shares of the technology company’s stock worth $336,000 after buying an additional 2,582 shares during the period. 35.77% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on PSTG. Vetr raised shares of Pure Storage from a “buy” rating to a “strong-buy” rating and set a $15.00 price target for the company in a research report on Tuesday, May 30th. Summit Redstone raised shares of Pure Storage from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Robert W. Baird reissued a “hold” rating on shares of Pure Storage in a research report on Thursday, May 25th. KeyCorp lifted their price target on shares of Pure Storage from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, August 25th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $12.00 price target on shares of Pure Storage in a research report on Thursday, May 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Pure Storage presently has an average rating of “Buy” and a consensus price target of $15.61.

Pure Storage Company Profile

Pure Storage, Inc provides a data platform. The Company is focused on delivering software-defined all-flash solutions that are fast and cloud-capable for customers, enabling customers to put data to work for their businesses. Its data platform replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory.

Insider Buying and Selling by Quarter for Pure Storage (NYSE:PSTG)

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