6,539 Shares in Pure Storage, Inc. (NYSE:PSTG) Acquired by Boothbay Fund Management LLC

Boothbay Fund Management LLC acquired a new stake in Pure Storage, Inc. (NYSE:PSTG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,539 shares of the technology company's stock, valued at approximately $402,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sugar Maple Asset Management LLC acquired a new stake in Pure Storage during the 4th quarter valued at approximately $29,000. Compass Financial Services Inc acquired a new stake in shares of Pure Storage during the fourth quarter worth approximately $29,000. Crowley Wealth Management Inc. bought a new stake in shares of Pure Storage in the fourth quarter worth $31,000. Berbice Capital Management LLC acquired a new stake in Pure Storage in the fourth quarter valued at $37,000. Finally, Financial Life Planners bought a new position in Pure Storage during the 4th quarter valued at $44,000. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on PSTG. Piper Sandler decreased their price target on Pure Storage from $76.00 to $53.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Evercore ISI reduced their price objective on Pure Storage from $75.00 to $60.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. StockNews.com lowered shares of Pure Storage from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Bank of America decreased their target price on Pure Storage from $77.00 to $73.00 and set a "neutral" rating for the company in a research note on Thursday, February 27th. Finally, Citigroup cut their price target on Pure Storage from $77.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $70.20.

Insider Activity at Pure Storage

In other Pure Storage news, CRO Dan Fitzsimons sold 6,977 shares of the stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $40.91, for a total value of $285,429.07. Following the completion of the sale, the executive now owns 90,223 shares in the company, valued at $3,691,022.93. This represents a 7.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.00% of the stock is owned by insiders.

Pure Storage Stock Down 0.5 %

Shares of NYSE PSTG traded down $0.26 during mid-day trading on Monday, hitting $47.58. 1,438,712 shares of the company traded hands, compared to its average volume of 3,096,973. Pure Storage, Inc. has a 1 year low of $34.51 and a 1 year high of $73.67. The business has a 50 day moving average of $46.43 and a two-hundred day moving average of $55.90. The stock has a market capitalization of $15.51 billion, a price-to-earnings ratio of 125.21, a PEG ratio of 5.12 and a beta of 1.05.

Pure Storage Company Profile

Pure Storage, Inc engages in the provision of data storage and management technologies, products, and services in the United States and internationally. Its Purity software is shared across its products and provides enterprise-class data services, such as always-on data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object.