Media stories about Pure Storage (NYSE:PSTG) have trended positive on Sunday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Pure Storage earned a news sentiment score of 0.28 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.791955364128 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Pure Storage Inc (PSTG) Expected to Post Earnings of -$0.12 Per Share (americanbankingnews.com)
- Technical Indicators should not be overlooked on Pure Storage, Inc. (PSTG) – Wall Street Morning (wallstreetmorning.com)
- Pure Storage (PSTG) Receives “Buy” Rating from William Blair (americanbankingnews.com)
- Data Storage Devices Stocks’ Research Reports Released on GDS Holdings, NetApp, Pure Storage, and Quantum – PR Newswire (press release) (prnewswire.com)
- Olympic Steel Net Swing to Profit; Pure Storage Net Swing to Loss (ticker.com)
Pure Storage (NYSE:PSTG) opened at $20.98 on Friday. The company has a market cap of $4,474.38, a price-to-earnings ratio of -24.98 and a beta of 1.23. Pure Storage has a twelve month low of $9.61 and a twelve month high of $22.60.
PSTG has been the topic of a number of recent research reports. Robert W. Baird restated a “neutral” rating and set a $22.00 price target (up previously from $20.00) on shares of Pure Storage in a report on Friday, March 2nd. Barclays upgraded shares of Pure Storage from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $19.00 to $22.00 in a report on Wednesday, January 17th. Oppenheimer restated a “buy” rating and set a $21.00 price target on shares of Pure Storage in a report on Wednesday, November 29th. TheStreet upgraded shares of Pure Storage from a “d” rating to a “c-” rating in a report on Thursday, March 1st. Finally, BMO Capital Markets raised their price target on shares of Pure Storage from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Pure Storage currently has an average rating of “Buy” and a consensus price target of $21.31.
In other Pure Storage news, President David Hatfield sold 70,000 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $16.95, for a total value of $1,186,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Timothy Riitters sold 11,749 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $16.74, for a total transaction of $196,678.26. The disclosure for this sale can be found here. Insiders sold a total of 646,955 shares of company stock worth $12,004,424 over the last 90 days. Company insiders own 46.58% of the company’s stock.
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.
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