Top-Rated Stocks NYSE:PSTG Pure Storage - PSTG Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Pure Storage, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $28.30 +0.06 (+0.21%) (As of 01/27/2023 12:00 AM ET) Add Compare Share Share Today's Range$27.97▼$28.8550-Day Range$25.89▼$30.7552-Week Range$21.90▼$36.71Volume5.52 million shsAverage Volume3.84 million shsMarket Capitalization$8.56 billionP/E Ratio707.68Dividend YieldN/APrice Target$38.94 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Pure Storage MarketRank™ ForecastAnalyst RatingModerate Buy2.89 Rating ScoreUpside/Downside37.6% Upside$38.94 Price TargetShort InterestBearish7.16% of Float Sold ShortDividend StrengthN/ASustainability-1.11Upright™ Environmental ScoreNews Sentiment0.86Based on 9 Articles This WeekInsider TradingSelling Shares$1.61 M Sold Last QuarterProj. Earnings Growth-18.18%From $0.22 to $0.18 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.93 out of 5 starsComputer And Technology Sector425th out of 634 stocksComputer Storage Devices Industry5th out of 5 stocks 3.4 Analyst's Opinion Consensus RatingPure Storage has received a consensus rating of Buy. The company's average rating score is 2.89, and is based on 14 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $38.94, Pure Storage has a forecasted upside of 37.6% from its current price of $28.30.Amount of Analyst CoveragePure Storage has only been the subject of 3 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted7.16% of the float of Pure Storage has been sold short.Short Interest Ratio / Days to CoverPure Storage has a short interest ratio ("days to cover") of 5.1.Change versus previous monthShort interest in Pure Storage has recently increased by 1.60%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldPure Storage does not currently pay a dividend.Dividend GrowthPure Storage does not have a long track record of dividend growth. Previous Next 2.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScorePure Storage has received a 22.63% net impact score from Upright. Pure Storage seems to create the most significant positive value in categories "Taxes", "Jobs", and "Knowledge infrastructure". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Disaster recovery software", "Hosted data storage services", and "Database management software" products. See details.Environmental SustainabilityThe Environmental Impact score for Pure Storage is -1.11. Previous Next 2.7 News and Social Media Coverage News SentimentPure Storage has a news sentiment score of 0.86. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.54 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 9 news articles for Pure Storage this week, compared to 4 articles on an average week.Search InterestOnly 7 people have searched for PSTG on MarketBeat in the last 30 days. This is a decrease of -46% compared to the previous 30 days.MarketBeat FollowsOnly 8 people have added Pure Storage to their MarketBeat watchlist in the last 30 days. This is a decrease of -53% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Pure Storage insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,605,075.00 in company stock.Percentage Held by InsidersOnly 6.80% of the stock of Pure Storage is held by insiders.Percentage Held by Institutions84.96% of the stock of Pure Storage is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Pure Storage are expected to decrease by -18.18% in the coming year, from $0.22 to $0.18 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Pure Storage is 707.68, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 129.39.Price to Earnings Ratio vs. SectorThe P/E ratio of Pure Storage is 707.68, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 340.25.Price to Earnings Growth RatioPure Storage has a PEG Ratio of 6.12. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioPure Storage has a P/B Ratio of 10.97. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Pure Storage (NYSE:PSTG) StockPure Storage, Inc. engages in the provision of flash-based storage solutions. Its technology replaces storage systems designed for mechanical disks with all-flash systems optimized end-to-end for solid-state memory. The company was founded by John Hayes and John Colgrove in October 2009 and is headquartered in Mountain View, CA.Read More Receive PSTG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Pure Storage and its competitors with MarketBeat's FREE daily newsletter. Email Address PSTG Stock News HeadlinesJanuary 4, 2023 | marketbeat.comMarketBeat: Week in Review 12/05 – 12/09 (PSTG)The markets continue to have a lot to digest before there can be a Santa Claus rally. Here are some of the top stories our analysts were covering this week.January 3, 2023 | marketbeat.comShould You Store Your Capital in Pure Storage Stock? Enterprise data storage solutions provider Pure Storage Inc. (NYSE: PSTG) stock closed out 2022 with a (-16.5%) loss. Much of the sellingJanuary 28, 2023 | Porter & Company (Ad)Is This The End of Capitalism?EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…January 26, 2023 | finance.yahoo.comAspen Technology (AZPN) Q2 Earnings & Revenues Miss EstimatesJanuary 24, 2023 | stocknews.comIs It Smart to Store Your Money in Pure Storage Stock This Winter?January 22, 2023 | americanbankingnews.comInvestors Buy High Volume of Pure Storage Put Options (NYSE:PSTG)January 20, 2023 | seekingalpha.comPure Storage: Attractive In A World Heavily Loaded With DataJanuary 18, 2023 | seekingalpha.comPure Storage: Growing Cashflow, Aggressive Buybacks A Perfect Mix For FY 2023January 28, 2023 | Porter & Company (Ad)Is This The End of Capitalism?EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…January 18, 2023 | finance.yahoo.comHere's Why You May Consider Adding WIX to Your PortfolioJanuary 17, 2023 | finance.yahoo.comSimulations Plus (SLP) Rolls Out New Version of DILIsymJanuary 17, 2023 | finance.yahoo.comWith Industry-First Energy Efficiency Guarantee, Pure Storage Further Expands SLA Offerings for Evergreen//OneJanuary 13, 2023 | finance.yahoo.comCutera (CUTR) Announces Preliminary Full-Year 2022 ResultsJanuary 5, 2023 | finance.yahoo.comShould Weakness in Pure Storage, Inc.'s (NYSE:PSTG) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?January 1, 2023 | reuters.comPure Storage IncDecember 30, 2022 | finance.yahoo.comWhy Is Pure Storage (PSTG) Down 10.6% Since Last Earnings Report?December 28, 2022 | thestreet.comPure Storage (PSTG) Stock Coverage Initiated With a Positive OutlookDecember 19, 2022 | finance.yahoo.comPure Storage (NYSE:PSTG) shareholders are still up 77% over 5 years despite pulling back 4.0% in the past weekDecember 8, 2022 | finance.yahoo.comPure Storage, Inc. (NYSE:PSTG) Q3 2023 Earnings Call TranscriptDecember 2, 2022 | finance.yahoo.comPure Storage Third Quarter 2023 Earnings: US$0.003 loss per share (vs US$0.10 loss in 3Q 2022)December 1, 2022 | benzinga.comThis Is What Whales Are Betting On Pure StorageNovember 30, 2022 | finance.yahoo.comPure Storage (PSTG) Q3 Earnings and Revenues Beat EstimatesNovember 30, 2022 | finance.yahoo.comPure Storage Third-Quarter Results Beat EstimatesNovember 29, 2022 | msn.comEarnings Preview For Pure StorageNovember 27, 2022 | finance.yahoo.comDow Jones Futures Fall: 3 Key Factors For The Market Rally; Why You Should Be CautiousNovember 27, 2022 | finance.yahoo.comWhen Should You Buy Pure Storage, Inc. (NYSE:PSTG)?November 25, 2022 | markets.businessinsider.comAnalyst Ratings for Pure StorageSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive PSTG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Pure Storage and its competitors with MarketBeat's FREE daily newsletter. Email Address PSTG Company Calendar Last Earnings11/30/2022Today1/28/2023Fiscal Year End1/31/2023Next Earnings (Estimated)3/01/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Computer storage devices Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:PSTG CUSIPN/A CIK1474432 Webwww.purestorage.com Phone(800) 379-7873Fax650-625-9667Employees4,200Year FoundedN/APrice Target and Rating Average Stock Price Forecast$38.94 High Stock Price Forecast$47.00 Low Stock Price Forecast$27.00 Forecasted Upside/Downside+37.6%Consensus RatingModerate Buy Rating Score (0-4)2.89 Research Coverage18 Analysts Profitability EPS (Most Recent Fiscal Year)$0.04 Trailing P/E Ratio707.68 Forward P/E Ratio128.64 P/E Growth6.12Net Income$-143,260,000.00 Net Margins0.51% Pretax Margin1.14% Return on Equity13.11% Return on Assets3.30% Debt Debt-to-Equity RatioN/A Current Ratio1.36 Quick Ratio1.32 Sales & Book Value Annual Sales$2.18 billion Price / Sales3.93 Cash Flow$0.32 per share Price / Cash Flow87.55 Book Value$2.58 per share Price / Book10.97Miscellaneous Outstanding Shares302,590,000Free Float282,010,000Market Cap$8.56 billion OptionableOptionable Beta1.28 Key ExecutivesCharles H. GiancarloChairman & Chief Executive OfficerMichael FitzgeraldVice President-OperationsKevan KryslerChief Financial OfficerRobert LeeChief Technology OfficerKing Yuet ChuChief Accounting Officer & Vice PresidentKey CompetitorsWestern DigitalNASDAQ:WDCNetAppNASDAQ:NTAPDropboxNASDAQ:DBXF5NASDAQ:FFIVOpen TextNASDAQ:OTEXView All CompetitorsInsiders & InstitutionsM&G Investment Management Ltd.Bought 50,955 shares on 1/27/2023Ownership: 0.037%Natixis Advisors L.P.Bought 1,409 shares on 1/27/2023Ownership: 0.005%Exchange Traded Concepts LLCBought 1,546 shares on 1/27/2023Ownership: 0.004%Comerica BankBought 5,600 shares on 1/26/2023Ownership: 0.016%Sumitomo Mitsui DS Asset Management Company LtdBought 2,985 shares on 1/26/2023Ownership: 0.005%View All Insider TransactionsView All Institutional Transactions PSTG Stock - Frequently Asked Questions Should I buy or sell Pure Storage stock right now? 18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last twelve months. There are currently 3 hold ratings, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PSTG shares. View PSTG analyst ratings or view top-rated stocks. What is Pure Storage's stock price forecast for 2023? 18 Wall Street analysts have issued 12 month target prices for Pure Storage's stock. Their PSTG share price forecasts range from $27.00 to $47.00. On average, they anticipate the company's share price to reach $38.94 in the next year. This suggests a possible upside of 37.6% from the stock's current price. View analysts price targets for PSTG or view top-rated stocks among Wall Street analysts. How have PSTG shares performed in 2023? Pure Storage's stock was trading at $26.76 at the start of the year. Since then, PSTG stock has increased by 5.8% and is now trading at $28.30. View the best growth stocks for 2023 here. When is Pure Storage's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023. View our PSTG earnings forecast. How were Pure Storage's earnings last quarter? Pure Storage, Inc. (NYSE:PSTG) issued its quarterly earnings data on Wednesday, November, 30th. The technology company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.09. The technology company had revenue of $676.05 million for the quarter, compared to analyst estimates of $671.84 million. Pure Storage had a net margin of 0.51% and a trailing twelve-month return on equity of 13.11%. What guidance has Pure Storage issued on next quarter's earnings? Pure Storage issued an update on its fourth quarter 2023 earnings guidance on Friday, December, 30th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $810.00 million-$810.00 million, compared to the consensus revenue estimate of $813.32 million. What is Charles Giancarlo's approval rating as Pure Storage's CEO? 117 employees have rated Pure Storage Chief Executive Officer Charles Giancarlo on Glassdoor.com. Charles Giancarlo has an approval rating of 84% among the company's employees. What other stocks do shareholders of Pure Storage own? Based on aggregate information from My MarketBeat watchlists, some companies that other Pure Storage investors own include NVIDIA (NVDA), QUALCOMM (QCOM), Nutanix (NTNX), Micron Technology (MU), Advanced Micro Devices (AMD), Block (SQ), Cisco Systems (CSCO), Boeing (BA), Intel (INTC) and Marvell Technology (MRVL). What is Pure Storage's stock symbol? Pure Storage trades on the New York Stock Exchange (NYSE) under the ticker symbol "PSTG." Who are Pure Storage's major shareholders? Pure Storage's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Scout Investments Inc. (0.62%), Assenagon Asset Management S.A. (0.38%), Strs Ohio (0.30%), National Bank of Canada FI (0.19%), Sara Bay Financial (0.07%) and M&G Investment Management Ltd. (0.04%). Insiders that own company stock include Ajay Singh, Andrew William Fraser Brown, Anita M Sands, Dan Fitzsimons, Gregory Tomb, P Kevan Krysler and Scott Dietzen. View institutional ownership trends. How do I buy shares of Pure Storage? Shares of PSTG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Pure Storage's stock price today? One share of PSTG stock can currently be purchased for approximately $28.30. How much money does Pure Storage make? Pure Storage (NYSE:PSTG) has a market capitalization of $8.56 billion and generates $2.18 billion in revenue each year. The technology company earns $-143,260,000.00 in net income (profit) each year or $0.04 on an earnings per share basis. How many employees does Pure Storage have? The company employs 4,200 workers across the globe. How can I contact Pure Storage? Pure Storage's mailing address is 650 CASTRO STREET SUITE 400, MOUNTAIN VIEW CA, 94041. The official website for the company is www.purestorage.com. The technology company can be reached via phone at (800) 379-7873, via email at ir@purestorage.com, or via fax at 650-625-9667. This page (NYSE:PSTG) was last updated on 1/28/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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