Pure Storage Inc (NYSE: PSTG): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

PSTG belongs to the Technology sector of the NYSE while operating in the Computer Hardware industry. The current market capitalization of Pure Storage Inc is $19.92B. A total of 2.37 million shares were traded on the day, compared to an average of 3.50M shares.

In the most recent transaction, Colgrove John sold 100,000 shares of PSTG for 59.50 per share on Jul 18 ’24. After the transaction, the Chief Visionary Officer now owns 900,000 company shares. In a previous transaction on Jul 05 ’24, Krysler P. Kevan sold 14,296 shares at 63.79 per share. PSTG shares that Chief Financial Officer owns now total 518,623.

Among the insiders who sold shares, Chu Mona disposed of 10,000 shares on Jun 18 ’24 at a per-share price of $70.11. This resulted in the Chief Accounting Officer holding 130,547 shares of PSTG after the transaction. In another insider transaction, Taylor Roxanne sold 8,543 shares at $69.24 per share on Jun 18 ’24. Company shares held by the Director now total 14,608.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, PSTG has a high of $70.41 and a low of $31.00.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. PSTG’s latest balance sheet shows that the firm has $1.41B in Cash & Short Term Investments as of fiscal 2022. There were $916.39M in debt and $952.32M in liabilities at the time. Its Book Value Per Share was $4.23, while its Total Shareholder’s Equity was $754.34M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PSTG is Buy with a score of 4.20.

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