4,207 Shares in Pure Storage, Inc. $PSTG Purchased by Crumly & Associates Inc.

Key Points

• Crumly & Associates Inc. acquired a new position in Pure Storage, Inc. by purchasing 4,207 shares valued at approximately $242,000 in the 2nd quarter.
• Pure Storage reported $0.43 EPS for the quarter, surpassing expectations and showing a 12.7% year-over-year revenue increase, with quarterly revenue of $861 million.
• Insiders have sold a total of 551,360 shares valued at around $33.3 million in the last quarter, indicating a significant decrease in their personal holdings.

Crumly & Associates Inc. acquired a new position in shares of Pure Storage, Inc. (NYSE:PSTG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,207 shares of the technology company's stock, valued at approximately $242,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Voya Investment Management LLC increased its position in Pure Storage by 13.6% during the first quarter. Voya Investment Management LLC now owns 390,806 shares of the technology company's stock worth $17,301,000 after purchasing an additional 46,723 shares during the last quarter. Compass Financial Services Inc increased its position in Pure Storage by 120.9% during the first quarter. Compass Financial Services Inc now owns 1,027 shares of the technology company's stock worth $45,000 after purchasing an additional 562 shares during the last quarter. 1248 Management LLC acquired a new stake in Pure Storage during the first quarter worth about $84,000. Inspire Investing LLC acquired a new stake in Pure Storage during the first quarter worth about $1,756,000. Finally, Strs Ohio acquired a new stake in Pure Storage during the first quarter worth about $10,265,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Pure Storage Stock Performance

NYSE PSTG opened at $82.34 on Friday. The firm has a 50 day simple moving average of $62.77 and a 200-day simple moving average of $54.43. Pure Storage, Inc. has a one year low of $34.51 and a one year high of $83.32. The firm has a market cap of $26.91 billion, a price-to-earnings ratio of 200.83, a PEG ratio of 7.71 and a beta of 1.20.

Pure Storage (NYSE:PSTG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The technology company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. Pure Storage had a net margin of 4.15% and a return on equity of 11.34%. The business had revenue of $861.00 million during the quarter, compared to analyst estimates of $845.78 million. During the same quarter last year, the firm posted $0.44 earnings per share. The business's revenue for the quarter was up 12.7% compared to the same quarter last year. Pure Storage has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities analysts predict that Pure Storage, Inc. will post 0.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Mona Chu sold 17,500 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $76.51, for a total value of $1,338,925.00. Following the completion of the transaction, the chief accounting officer owned 138,899 shares of the company's stock, valued at approximately $10,627,162.49. This trade represents a 11.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ajay Singh sold 22,601 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $55.45, for a total transaction of $1,253,225.45. Following the completion of the transaction, the insider directly owned 261,465 shares of the company's stock, valued at approximately $14,498,234.25. The trade was a 7.96% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 551,360 shares of company stock valued at $33,317,922. 5.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on PSTG. Lake Street Capital raised their price objective on shares of Pure Storage from $70.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Barclays lifted their price target on shares of Pure Storage from $57.00 to $70.00 and gave the company an "equal weight" rating in a research report on Friday, August 29th. Northland Securities lifted their price target on shares of Pure Storage from $63.00 to $71.00 and gave the company a "market perform" rating in a research report on Thursday, August 28th. Wall Street Zen upgraded shares of Pure Storage from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Finally, Citigroup lifted their price target on shares of Pure Storage from $70.00 to $81.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Fourteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Pure Storage presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.39.

Pure Storage 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.

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