Insider Selling: Pure Storage Inc (PSTG) Major Shareholder Sells 95,123 Shares of Stock
Pure Storage Inc (NYSE:PSTG) major shareholder James N. White sold 95,123 shares of Pure Storage stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $16.62, for a total value of $1,580,944.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Pure Storage Inc (PSTG) opened at $16.47 on Friday. The firm has a market capitalization of $3,570.00 and a price-to-earnings ratio of -15.99. Pure Storage Inc has a 52-week low of $9.12 and a 52-week high of $19.27.
Pure Storage (NYSE:PSTG) last announced its earnings results on Tuesday, November 28th. The technology company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. The firm had revenue of $277.70 million for the quarter, compared to the consensus estimate of $272.07 million. Pure Storage had a negative return on equity of 44.96% and a negative net margin of 22.86%. The business’s quarterly revenue was up 41.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.10) EPS. equities analysts forecast that Pure Storage Inc will post -0.93 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Pure Storage by 6.3% during the 2nd quarter. BlackRock Inc. now owns 14,513,166 shares of the technology company’s stock worth $185,913,000 after buying an additional 863,990 shares during the period. Vanguard Group Inc. lifted its holdings in Pure Storage by 26.7% during the 2nd quarter. Vanguard Group Inc. now owns 7,059,059 shares of the technology company’s stock worth $90,427,000 after buying an additional 1,489,008 shares during the period. FMR LLC lifted its holdings in Pure Storage by 10.9% during the 2nd quarter. FMR LLC now owns 6,359,676 shares of the technology company’s stock worth $81,467,000 after buying an additional 622,600 shares during the period. Okumus Fund Management Ltd. lifted its holdings in Pure Storage by 4.1% during the 3rd quarter. Okumus Fund Management Ltd. now owns 5,299,197 shares of the technology company’s stock worth $84,734,000 after buying an additional 206,943 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in Pure Storage by 5.0% during the 2nd quarter. Franklin Resources Inc. now owns 3,097,439 shares of the technology company’s stock worth $39,679,000 after buying an additional 146,411 shares during the period. 37.50% of the stock is currently owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION NOTICE: “Insider Selling: Pure Storage Inc (PSTG) Major Shareholder Sells 95,123 Shares of Stock” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.thecerbatgem.com/2018/01/14/insider-selling-pure-storage-inc-pstg-major-shareholder-sells-95123-shares-of-stock.html.
About Pure Storage
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.
Receive News & Stock Ratings for Pure Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pure Storage and related stocks with our FREE daily email newsletter.