Investors’ Patience Is Being Tested Right Now By Pure Storage Inc (NYSE: PSTG)

After Hours

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.

Stocks Info

Pure Storage Inc is listed on the NYSE as a member of the Technology sector and is a part of the Computer Hardware industry. The current market capitalization of Pure Storage Inc is $21.45B. A total of 2.89 million shares were traded on the day, compared to an average of 3.04M shares.

In the most recent transaction, Chu Mona sold 8,311 shares of PSTG for 62.16 per share on Dec 12 ’24. After the transaction, the Chief Accounting Officer now owns 67,681 company shares. In a previous transaction on Dec 12 ’24, Chu Mona bought 8,311 shares at 62.16 per share.

Among the insiders who sold shares, Colgrove John disposed of 100,000 shares on Dec 04 ’24 at a per-share price of $65.55. This resulted in the Chief Visionary Officer holding 0 shares of PSTG after the transaction. In another insider transaction, Colgrove John sold 100,000 shares at $49.58 per share on Nov 19 ’24. Company shares held by the Chief Visionary Officer now total 100,000.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, PSTG has a high of $70.41 and a low of $34.32.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on 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 $4.31, while its Total Shareholder’s Equity was $754.34M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 4.14.

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