Analysts Issue Forecasts for Pure Storage Q1 Earnings

Pure Storage, Inc. (NYSE:PSTG - Free Report) - Equities research analysts at Northland Capmk issued their Q1 2027 earnings estimates for Pure Storage in a research report issued on Thursday, May 29th. Northland Capmk analyst N. Chokshi anticipates that the technology company will post earnings per share of $0.15 for the quarter. The consensus estimate for Pure Storage's current full-year earnings is $0.44 per share. Northland Capmk also issued estimates for Pure Storage's Q2 2027 earnings at $0.23 EPS, Q3 2027 earnings at $0.44 EPS and Q4 2027 earnings at $0.47 EPS.

Other analysts also recently issued reports about the company. UBS Group raised their price objective on Pure Storage from $47.00 to $50.00 and gave the stock a "sell" rating in a research report on Thursday, February 27th. Citigroup boosted their price target on shares of Pure Storage from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Wall Street Zen upgraded shares of Pure Storage from a "hold" rating to a "buy" rating in a report on Friday. Evercore ISI upped their price target on Pure Storage from $60.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. Finally, Needham & Company LLC reissued a "buy" rating and set a $75.00 price target on shares of Pure Storage in a research report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.95.

Pure Storage Stock Up 2.5%

NYSE:PSTG traded up $1.35 on Monday, reaching $54.92. The company's stock had a trading volume of 2,705,112 shares, compared to its average volume of 3,007,381. The firm has a market cap of $17.90 billion, a price-to-earnings ratio of 144.52, a price-to-earnings-growth ratio of 5.12 and a beta of 1.05. Pure Storage has a 12-month low of $34.51 and a 12-month high of $73.67. The stock has a 50 day moving average price of $47.45 and a 200 day moving average price of $56.04.

Pure Storage (NYSE:PSTG - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The technology company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.25 by $0.04. The firm had revenue of $778.49 million for the quarter, compared to analyst estimates of $770.03 million. Pure Storage had a net margin of 4.22% and a return on equity of 16.06%. The business's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 EPS.

Insider Buying and Selling at Pure Storage

In related news, CRO Dan Fitzsimons sold 872 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $51.51, for a total value of $44,916.72. Following the completion of the transaction, the executive now directly owns 89,351 shares of the company's stock, valued at $4,602,470.01. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Colgrove sold 100,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $52.01, for a total transaction of $5,201,000.00. Following the completion of the transaction, the insider now owns 801,959 shares in the company, valued at $41,709,887.59. This represents a 11.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 107,849 shares of company stock worth $5,531,346 over the last ninety days. Corporate insiders own 5.60% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PSTG. World Investment Advisors grew its stake in Pure Storage by 1.6% during the 4th quarter. World Investment Advisors now owns 9,635 shares of the technology company's stock worth $592,000 after buying an additional 150 shares during the last quarter. Peapack Gladstone Financial Corp grew its position in shares of Pure Storage by 2.7% during the fourth quarter. Peapack Gladstone Financial Corp now owns 5,775 shares of the technology company's stock worth $355,000 after acquiring an additional 150 shares during the last quarter. HighPoint Advisor Group LLC increased its holdings in shares of Pure Storage by 2.7% in the 4th quarter. HighPoint Advisor Group LLC now owns 5,885 shares of the technology company's stock valued at $396,000 after acquiring an additional 157 shares during the period. Parallel Advisors LLC increased its holdings in shares of Pure Storage by 1.4% in the 4th quarter. Parallel Advisors LLC now owns 13,271 shares of the technology company's stock valued at $815,000 after acquiring an additional 186 shares during the period. Finally, Empowered Funds LLC raised its position in Pure Storage by 4.2% in the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the technology company's stock valued at $212,000 after purchasing an additional 194 shares during the last quarter. Institutional investors and hedge funds own 83.42% of the company's stock.

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.