22 September, 2017
The 20-day Stochastic %k measure, which sits at 85.45%, tells a different story, and suggests that PSTG now trades in overbought territory. (The) reissued a "neutral" rating and set a $14.00 target price on shares of Pure Storage in a report on Thursday, May 25th.
More notable recent Pure Storage Inc (NYSE:PSTG) news were published by: Benzinga.com which released: "Lightning Round: Jim Cramer Weighs In On Pure Storage, Boeing And More" on September 01, 2017, also Marketwatch.com with their article: "Pure Storage gains after CEO switch, guidance boost" published on August 24, 2017, Nasdaq.com published: "Pure Storage (PSTG) Q2 Loss Narrows, Revenues Beat Estimates" on August 25, 2017. The shares were sold at an average price of $13.14, for a total transaction of $108,470.70. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. (NYSE:PSTG) have investors on high alert. The company has a 50-day moving average price of $13.63 and a 200-day moving average price of $12.13. Pure Storage, Inc. has 210.04 million shares outstanding, and in the last trade has seen ATR around 0.43. The corporation has a market cap of US$3.15 Billion.
Pure Storage, Inc. (PSTG) surprised the stock market in its last reported earnings when it earned -$0.11 a piece versus the consensus-estimated -$0.14.
As of the latest earnings report the EPS was $-1.21 and is expected to be $-0.21 for the current year with 211,483,000 shares now outstanding. Pure Storage had a negative net margin of 29.55% and a negative return on equity of 46.12%. Its revenue totaled $218.64 million up 19.72% from the previous quarter. With an institutional ownership near 72.3%, it carries an earnings per share ratio of 0.76. Pure Storage's revenue was up 37.6% on a year-over-year basis.
In the most updated research from a number of analysts on Wall Street, the company gets 13 Buys and 0 Sell among 21 analysts. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & worldwide trademark and copyright law. The original version of this story can be read at https://www.truebluetribune.com/2017/09/21/pure-storage-inc-pstg-cut-to-sell-at-valuengine.html.
CFO Timothy Riitters sold 10,248 shares at an average price of $12.81 on July 6th. The shares were sold at an average price of $14.66, for a total value of $439,800.00. Following the completion of the transaction, the president now directly owns 215,190 shares of the company's stock, valued at $3,154,685.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Timothy Riitters, CFO sold $815,100 worth of shares at an average price of $14.82 on September 1st.
When investors engage in short selling or "shorting a stock", they actually borrow shares from an existing owner, sell the borrowed shares at market price, and take the cash. The disclosure for this sale can be found here. Pure Storage, Inc. (PSTG) average trading volume of 2,308,585 during the past month is 34.43% above its average volume over the past year, indicating that investors have been more active than usual in the stock in recent times. Think Investments Lp now holds 571,238 shares valued at $7,318,000. Marcus Capital LLC boosted its stake in Pure Storage by 57.6% during the second quarter. Gradient Investments LLC now owns 22,710 shares of the technology company's stock worth $291,000 after acquiring an additional 2,122 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Pure Storage by 38.8% in the second quarter.
On Thursday, June 22nd, Timothy Riitters sold 8,255 shares of Pure Storage stock.
