Pure Storage (NYSE:PSTG) Shares Acquired Rep. Lisa C. McClain

Representative Lisa C. McClain (R-Michigan) recently bought shares of Pure Storage, Inc. (NYSE:PSTG). In a filing disclosed on November 21st, the Representative disclosed that they had bought between $1,001 and $15,000 in Pure Storage stock on October 30th. The trade occurred in the Representative’s “CHARLES SCHWAB 401K > SCHWAB 893” account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Coherent (NYSE:COHR) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Clorox (NYSE:CLX) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Northern Trust (NASDAQ:NTRS) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Honda Motor (NYSE:HMC) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Home BancShares (NYSE:HOMB) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Five Below (NASDAQ:FIVE) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Pure Storage (NYSE:PSTG) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of BHP Group (NYSE:BHP) on 10/31/2025.

Pure Storage Price Performance

Pure Storage stock traded up $1.49 during mid-day trading on Tuesday, reaching $83.62. The stock had a trading volume of 1,143,589 shares, compared to its average volume of 2,882,956. The company has a market capitalization of $27.48 billion, a price-to-earnings ratio of 203.96, a PEG ratio of 8.99 and a beta of 1.24. Pure Storage, Inc. has a one year low of $34.51 and a one year high of $100.59. The company has a 50-day moving average price of $89.14 and a two-hundred day moving average price of $69.88.

Pure Storage (NYSE:PSTG) last announced its quarterly earnings results on Tuesday, September 9th. The technology company reported $0.44 earnings per share for the quarter. Pure Storage had a net margin of 4.15% and a return on equity of 11.34%. The company had revenue of $763.77 million during the quarter. On average, equities research analysts anticipate that Pure Storage, Inc. will post 0.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider John Colgrove sold 100,000 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $91.59, for a total transaction of $9,159,000.00. Following the transaction, the insider owned 100,000 shares of the company’s stock, valued at approximately $9,159,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Mona Chu sold 9,091 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $84.91, for a total transaction of $771,916.81. Following the sale, the chief accounting officer owned 107,353 shares of the company’s stock, valued at approximately $9,115,343.23. The trade was a 7.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 443,111 shares of company stock valued at $36,793,439 in the last 90 days. Corporate insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

PSTG has been the topic of several recent research reports. Citigroup upped their price objective on Pure Storage from $81.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. UBS Group set a $110.00 target price on Pure Storage in a research note on Tuesday, October 21st. Lake Street Capital upped their price objective on shares of Pure Storage from $70.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Evercore ISI lifted their target price on shares of Pure Storage from $90.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. Finally, Cowen reissued a “buy” rating on shares of Pure Storage in a research report on Thursday, August 28th. Thirteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Pure Storage has a consensus rating of “Moderate Buy” and a consensus price target of $92.61.

Institutional Investors Weigh In On Pure Storage

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Pure Storage by 1.9% during the third quarter. Vanguard Group Inc. now owns 33,891,025 shares of the technology company’s stock worth $2,840,407,000 after acquiring an additional 623,019 shares during the period. State Street Corp increased its holdings in Pure Storage by 1.9% in the third quarter. State Street Corp now owns 10,864,918 shares of the technology company’s stock valued at $910,589,000 after buying an additional 199,831 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Pure Storage by 25.9% in the first quarter. T. Rowe Price Investment Management Inc. now owns 9,075,944 shares of the technology company’s stock worth $401,793,000 after acquiring an additional 1,868,782 shares during the period. Geode Capital Management LLC boosted its stake in shares of Pure Storage by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 7,273,696 shares of the technology company’s stock worth $417,830,000 after acquiring an additional 123,320 shares in the last quarter. Finally, William Blair Investment Management LLC increased its stake in shares of Pure Storage by 112.9% in the 2nd quarter. William Blair Investment Management LLC now owns 4,926,836 shares of the technology company’s stock valued at $283,687,000 after purchasing an additional 2,612,300 shares in the last quarter. 83.42% of the stock is owned by hedge funds and other institutional investors.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan’s 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan’s 9th Congressional District. She declared candidacy for the 2026 election.

Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor’s degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

Pure Storage Company Profile

Pure Storage, Inc engages in the provision of data storage and management technologies, products, and services in the United States and internationally. Its Purity software is shared across its products and provides enterprise-class data services, such as always-on data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object.