Is Pure Storage Inc (NYSE: PSTG) No Longer A Good Investment?

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 $16.35B. A total of 2.58 million shares were traded on the day, compared to an average of 3.05M shares.

In the most recent transaction, Colgrove John sold 100,000 shares of PSTG for 50.01 per share on Nov 04 ’24. After the transaction, the Chief Visionary Officer now owns 200,000 company shares. In a previous transaction on Oct 21 ’24, Colgrove John sold 100,000 shares at 57.32 per share. PSTG shares that Chief Visionary Officer owns now total 300,000.

Among the insiders who bought shares, The Colgrove Family Charitable acquired of 400,000 shares on Oct 21 ’24 at a per-share price of $57.07. In another insider transaction, Chu Mona sold 20,647 shares at $51.50 per share on Oct 07 ’24. Company shares held by the Chief Accounting Officer now total 75,992.

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.

As of this writing, PSTG has an earnings estimate of $0.42 per share for the current quarter. EPS was calculated based on a consensus of 20.0 estimates, with a high estimate of $0.47 per share and a lower estimate of $0.33. The company reported an EPS of $0.5 in the last quarter

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 $4.44, 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 4.05.

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