Rep. Lisa C. McClain Purchases Shares of Pure Storage, Inc. (NYSE:PSTG)

Key Points

• Representative Lisa C. McClain purchased shares of Pure Storage, Inc., buying between $1,001 and $15,000 on June 17th, 2025.
• Pure Storage's stock has seen a 2.7% decline, with current shares trading at $55.70 and a market cap of $18.20 billion.
• The company reported earnings of $0.29 EPS, surpassing analyst estimates, with a revenue increase of 12.3% year-over-year.

Representative Lisa C. McClain (R-Michigan) recently bought shares of Pure Storage, Inc. NYSE: PSTG. In a filing disclosed on August 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Pure Storage stock on June 17th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

Pure Storage Trading Up 4.6%

PSTG traded up $2.5580 during trading on Friday, reaching $58.2880. 1,724,493 shares of the company's stock were exchanged, compared to its average volume of 1,946,799. Pure Storage, Inc. has a one year low of $34.51 and a one year high of $73.67. The stock has a market capitalization of $19.05 billion, a PE ratio of 157.54, a price-to-earnings-growth ratio of 5.53 and a beta of 1.07. The firm has a fifty day moving average price of $56.48 and a two-hundred day moving average price of $53.49.

Pure Storage (NYSE:PSTG - Get Free Report) last posted its earnings results on Wednesday, May 28th. The technology company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.04. Pure Storage had a net margin of 3.93% and a return on equity of 13.98%. The firm had revenue of $778.49 million for the quarter, compared to analyst estimates of $770.03 million. During the same period in the previous year, the firm posted $0.32 EPS. The company's revenue for the quarter was up 12.3% compared to the same quarter last year. Pure Storage has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. Sell-side analysts expect that Pure Storage, Inc. will post 0.44 earnings per share for the current year.

Insider Activity at Pure Storage

In related news, insider Ajay Singh sold 22,601 shares of the business's stock in a transaction 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 transaction, the insider owned 261,465 shares in the company, valued at $14,498,234.25. The trade was a 7.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Colgrove sold 198,749 shares of the company's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $60.32, for a total transaction of $11,988,539.68. Following the transaction, the insider owned 500,000 shares in the company, valued at approximately $30,160,000. The trade was a 28.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 446,794 shares of company stock worth $26,641,913 over the last quarter. 5.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. lifted its position in shares of Pure Storage by 39.4% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,627 shares of the technology company's stock valued at $94,000 after acquiring an additional 460 shares during the period. Advisory Services Network LLC lifted its position in shares of Pure Storage by 12.3% during the 2nd quarter. Advisory Services Network LLC now owns 13,799 shares of the technology company's stock valued at $821,000 after acquiring an additional 1,511 shares during the period. State of Wyoming acquired a new position in shares of Pure Storage during the 2nd quarter valued at $87,000. Nomura Holdings Inc. acquired a new position in shares of Pure Storage during the 2nd quarter valued at $507,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of Pure Storage by 42.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 791 shares of the technology company's stock valued at $46,000 after acquiring an additional 235 shares during the period. Institutional investors and hedge funds own 83.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PSTG. Evercore ISI boosted their target price on shares of Pure Storage from $60.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Barclays dropped their price target on shares of Pure Storage from $61.00 to $57.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 29th. JPMorgan Chase & Co. dropped their price target on shares of Pure Storage from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, May 29th. Wedbush restated an "outperform" rating and issued a $70.00 price target on shares of Pure Storage in a research report on Thursday, May 29th. Finally, Wall Street Zen downgraded shares of Pure Storage from a "buy" rating to a "hold" rating in a research report on Friday. Fourteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.11.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

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.