Pure Storage (NYSE:PSTG) Director Roxanne Taylor Sells 3,000 Shares

Pure Storage Director Roxanne Taylor sold 3,000 shares at $76.93 each, totaling $230,790, reducing her stake by 15.51% to 16,343 shares valued at approximately $1.26 million. The transaction was disclosed to the SEC. Pure Storage's stock opened at $79.12, with a market cap of $25.86 billion. The company reported a quarterly EPS of $0.43, exceeding estimates, and revenue of $861 million, up 12.7% year-over-year. Analysts have mixed ratings, with a consensus of "Moderate Buy" and an average target price of $77.39.

Pure Storage, Inc. (NYSE:PSTG - Get Free Report) Director Roxanne Taylor sold 3,000 shares of Pure Storage stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $76.93, for a total transaction of $230,790.00. Following the transaction, the director directly owned 16,343 shares in the company, valued at approximately $1,257,266.99. This represents a 15.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Pure Storage Trading Up 0.5%

Why Pure Storage Is a Core Investment for the AI Era

NYSE:PSTG opened at $79.12 on Friday. The stock has a market capitalization of $25.86 billion, a PE ratio of 192.99, a price-to-earnings-growth ratio of 7.36 and a beta of 1.20. The firm's 50 day moving average is $60.32 and its 200 day moving average is $53.89. Pure Storage, Inc. has a 12 month low of $34.51 and a 12 month high of $80.68.

Pure Storage (NYSE:PSTG - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The technology company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.04. The company had revenue of $861.00 million for the quarter, compared to analysts' expectations of $845.78 million. Pure Storage had a net margin of 4.15% and a return on equity of 11.34%. Pure Storage's revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 EPS. Pure Storage has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Research analysts predict that Pure Storage, Inc. will post 0.44 earnings per share for the current year.

Analyst Ratings Changes

Cybersecurity Stocks: 1 Immediate Buy and 1 Dip Opportunity

Several research firms have recently issued reports on PSTG. Northland Securities boosted their price target on shares of Pure Storage from $63.00 to $71.00 and gave the company a "market perform" rating in a research report on Thursday, August 28th. Guggenheim reiterated a "buy" rating and issued a $93.00 price objective on shares of Pure Storage in a research note on Thursday, August 28th. Wedbush lifted their price objective on shares of Pure Storage from $70.00 to $80.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. Piper Sandler raised their price target on shares of Pure Storage from $66.00 to $78.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Finally, UBS Group boosted their price target on shares of Pure Storage from $50.00 to $55.00 and gave the stock a "sell" rating in a research note on Thursday, August 28th. Fourteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Pure Storage presently has a consensus rating of "Moderate Buy" and an average target price of $77.39.

View Our Latest Report on Pure Storage

Institutional Investors Weigh In On Pure Storage

Pure Storage Rides the AI Boom Even Higher in 2025

Several institutional investors and hedge funds have recently added to or reduced their stakes in PSTG. Bank Pictet & Cie Europe AG boosted its holdings in Pure Storage by 23.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 9,201 shares of the technology company's stock worth $565,000 after purchasing an additional 1,740 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Pure Storage by 14.3% during the 4th quarter. Captrust Financial Advisors now owns 68,706 shares of the technology company's stock worth $4,221,000 after acquiring an additional 8,594 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Pure Storage by 10.4% during the 4th quarter. Cetera Investment Advisers now owns 73,268 shares of the technology company's stock worth $4,501,000 after acquiring an additional 6,909 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Pure Storage by 48.9% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 111,140 shares of the technology company's stock worth $6,827,000 after acquiring an additional 36,520 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Pure Storage by 11.1% during the 4th quarter. Deutsche Bank AG now owns 605,553 shares of the technology company's stock worth $37,199,000 after acquiring an additional 60,280 shares during the last quarter. Hedge funds and other institutional investors own 83.42% of the company's stock.

Pure Storage Company Profile

(Get Free Report)

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.