4,498 Shares in Pure Storage, Inc. $PSTG Acquired by Callan Family Office LLC

Key Points

• Callan Family Office LLC acquired 4,498 shares of Pure Storage, valued at approximately $259,000, marking a new position in the company during Q2.
• Pure Storage reported $0.43 EPS for the most recent quarter, surpassing expectations and showing a 12.7% revenue increase year-over-year.
• Insiders have been active in selling shares, with reports indicating 743,111 shares sold in the last 90 days, suggesting a decrease in insider ownership.

Callan Family Office LLC bought a new position in shares of Pure Storage, Inc. (NYSE:PSTG - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,498 shares of the technology company's stock, valued at approximately $259,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mechanics Financial Corp bought a new stake in Pure Storage during the 2nd quarter worth approximately $25,000. REAP Financial Group LLC increased its holdings in Pure Storage by 49.0% during the 2nd quarter. REAP Financial Group LLC now owns 611 shares of the technology company's stock worth $35,000 after acquiring an additional 201 shares during the period. TruNorth Capital Management LLC bought a new stake in Pure Storage during the 1st quarter worth approximately $38,000. Nisa Investment Advisors LLC increased its holdings in Pure Storage by 35.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 910 shares of the technology company's stock worth $40,000 after acquiring an additional 239 shares during the period. Finally, Banque Transatlantique SA bought a new stake in Pure Storage during the 1st quarter worth approximately $43,000. Institutional investors own 83.42% of the company's stock.

Pure Storage Stock Down 0.7%

Shares of PSTG opened at $91.91 on Friday. The stock has a market capitalization of $30.21 billion, a P/E ratio of 224.18, a PEG ratio of 8.60 and a beta of 1.22. The firm has a fifty day simple moving average of $77.65 and a two-hundred day simple moving average of $60.65. Pure Storage, Inc. has a twelve month low of $34.51 and a twelve month high of $95.14.

Pure Storage (NYSE:PSTG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The technology company reported $0.43 earnings per share 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 analysts' expectations of $845.78 million. During the same quarter in the prior year, the company posted $0.44 EPS. The firm'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. Sell-side analysts expect that Pure Storage, Inc. will post 0.44 EPS for the current fiscal year.

Insider Buying and Selling at Pure Storage

In other Pure Storage news, insider Ajay Singh sold 7,014 shares of the firm's stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $85.85, for a total transaction of $602,151.90. Following the completion of the sale, the insider directly owned 229,307 shares in the company, valued at approximately $19,686,005.95. This trade represents a 2.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Colgrove sold 198,749 shares of the firm's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $60.32, for a total transaction of $11,988,539.68. Following the sale, the insider owned 500,000 shares of the company's stock, valued at approximately $30,160,000. This represents a 28.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 743,111 shares of company stock valued at $51,703,009. Insiders own 5.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Northland Securities upped their target price on shares of Pure Storage from $63.00 to $71.00 and gave the stock a "market perform" rating in a report on Thursday, August 28th. Morgan Stanley increased their price target on shares of Pure Storage from $60.00 to $72.00 and gave the stock an "equal weight" rating in a report on Thursday, August 28th. Citigroup increased their price target on shares of Pure Storage from $70.00 to $81.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Weiss Ratings reissued a "hold (c)" rating on shares of Pure Storage in a report on Wednesday, October 8th. Finally, Guggenheim increased their price target on shares of Pure Storage from $93.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, September 26th. Fourteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $82.44.

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.

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