7,437 Shares in Pure Storage, Inc. $PSTG Acquired by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC purchased a new position in shares of Pure Storage, Inc. (NYSE:PSTG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,437 shares of the technology company's stock, valued at approximately $428,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PSTG. NBC Securities Inc. acquired a new position in Pure Storage during the 1st quarter worth approximately $51,000. Merit Financial Group LLC lifted its position in Pure Storage by 17.4% during the 1st quarter. Merit Financial Group LLC now owns 6,007 shares of the technology company's stock worth $266,000 after acquiring an additional 891 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Pure Storage by 32.7% during the 1st quarter. Farther Finance Advisors LLC now owns 2,634 shares of the technology company's stock worth $120,000 after acquiring an additional 649 shares in the last quarter. GAMMA Investing LLC increased its holdings in Pure Storage by 59.4% during the 1st quarter. GAMMA Investing LLC now owns 5,118 shares of the technology company's stock worth $227,000 after purchasing an additional 1,908 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in Pure Storage by 3,506.5% during the 1st quarter. SG Americas Securities LLC now owns 75,268 shares of the technology company's stock worth $3,332,000 after purchasing an additional 73,181 shares during the last quarter. 83.42% of the stock is owned by institutional investors and hedge funds.

Pure Storage Stock Performance

Shares of PSTG stock opened at $89.43 on Friday. Pure Storage, Inc. has a 1 year low of $34.51 and a 1 year high of $94.72. The stock has a fifty day moving average of $74.81 and a two-hundred day moving average of $59.41. The firm has a market capitalization of $29.39 billion, a PE ratio of 218.12, a price-to-earnings-growth ratio of 8.70 and a beta of 1.22.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.04. The company had revenue of $861.00 million during the quarter, compared to analyst estimates of $845.78 million. Pure Storage had a return on equity of 11.34% and a net margin of 4.15%.The firm's quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 EPS. Pure Storage has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities research analysts predict that Pure Storage, Inc. will post 0.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on PSTG. JPMorgan Chase & Co. lifted their price objective on Pure Storage from $70.00 to $80.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. Northland Securities lifted their price objective on Pure Storage from $63.00 to $71.00 and gave the stock a "market perform" rating in a report on Thursday, August 28th. Evercore ISI lifted their price objective on Pure Storage from $85.00 to $90.00 and gave the stock an "outperform" rating in a report on Friday, September 26th. Citigroup lifted their price objective on Pure Storage from $70.00 to $81.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Finally, Barclays lifted their price objective on Pure Storage from $57.00 to $70.00 and gave the stock an "equal weight" rating in a report on Friday, August 29th. Fourteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.06.

Insiders Place Their Bets

In other news, Director Roxanne Taylor sold 3,000 shares of the company's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $76.93, for a total value of $230,790.00. Following the completion of the sale, the director owned 16,343 shares in the company, valued at $1,257,266.99. This represents a 15.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Ajay Singh sold 7,014 shares of the company's stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $85.85, for a total value of $602,151.90. Following the completion of the sale, the insider owned 229,307 shares of the company's stock, valued at approximately $19,686,005.95. This trade represents a 2.97% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 643,111 shares of company stock valued at $42,454,009. 5.60% of the stock is currently owned by insiders.

About Pure Storage

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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