Momentum Is Strong For Pure Storage Inc (NYSE: PSTG)

After Hours

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.

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Stocks Info

This NYSE-listed company operates within the Computer Hardware industry segment, falling under the Technology sector. The current market capitalization of Pure Storage Inc is $17.21B. A total of 1.81 million shares were traded on the day, compared to an average of 2.97M shares.

In the most recent transaction, Colgrove John sold 100,000 shares of PSTG for 51.01 per share on Oct 04 ’24. After the transaction, the Chief Visionary Officer now owns 400,000 company shares. In a previous transaction on Oct 07 ’24, Chu Mona bought 20,647 shares at 51.50 per share.

Among the insiders who sold shares, Chu Mona disposed of 25,000 shares on Sep 25 ’24 at a per-share price of $50.32. This resulted in the Chief Accounting Officer holding 96,639 shares of PSTG after the transaction. In another insider transaction, Chu Mona bought 25,000 shares at $50.32 per share on Sep 25 ’24.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. 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

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $4.44, while its Total Shareholder’s Equity was $754.34M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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 4.10.

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