Investing In Pure Storage Inc (NYSE: PSTG): Why Should You?

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

The company is listed on the NYSE and operates within the Computer Hardware industry segment. The current market capitalization of Pure Storage Inc is $23.59B. A total of 3.13 million shares were traded on the day, compared to an average of 2.99M shares.

In the most recent transaction, Singh Ajay sold 19,972 shares of PSTG for 61.58 per share on Dec 31 ’24. After the transaction, the Chief Product Officer now owns 262,144 company shares. In a previous transaction on Dec 31 ’24, Singh Ajay bought 19,972 shares at 61.58 per share.

Among the insiders who sold shares, FitzSimons Dan disposed of 8,895 shares on Dec 24 ’24 at a per-share price of $64.11. This resulted in the Chief Revenue Officer holding 72,927 shares of PSTG after the transaction. In another insider transaction, DANIEL P FITZSIMONS bought 8,895 shares at $64.11 per share on Dec 24 ’24.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, PSTG has a high of $70.41 and a low of $38.78.

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 $0.49 per share and a lower estimate of $0.36.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. 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

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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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