In the latest trading session, 1.36 million Pure Storage Inc (NYSE:PSTG) shares changed hands as the company’s beta touched 1.11. With the company’s most recent per share price at $52.80 changed hands at -$4.76 or -8.27% at last look, the market valuation stands at $17.30B. PSTG’s current price is a discount, trading about -33.35% off its 52-week high of $70.41. The share price had its 52-week low at $31.00, which suggests the last value was 41.29% up since then. When we look at Pure Storage Inc’s average trading volume, we note the 10-day average is 2.48 million shares, with the 3-month average coming to 2.95 million.

Analysts gave the Pure Storage Inc (PSTG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.95. If we narrow down to specifics, the data shows that 2 out of 17 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 3 recommended PSTG as a Hold, 11 felt it is a Buy and 0 rated the stock as Underweight. Pure Storage Inc’s EPS for the current quarter is expected to be 0.42.

Pure Storage Inc (NYSE:PSTG) trade information

Instantly PSTG was in red as seen in intraday trades today. With action 0.40%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 48.07%, with the 5-day performance at 0.40% in the green. However, in the 30-day time frame, Pure Storage Inc (NYSE:PSTG) is 5.20% up. Looking at the short shares, we see there were 9.72 million shares sold at short interest cover period of 2.73 days.

The consensus price target for the stock as assigned by Wall Street analysts is 65, meaning bulls need an upside of 18.77% from its recent market value. According to analyst projections, PSTG’s forecast low is 34 with 93 as the target high. To hit the forecast high, the stock’s price needs a -76.14% plunge from its current level, while the stock would need to tank 35.61% for it to hit the projected low.

Pure Storage Inc (PSTG) estimates and forecasts

Data shows that the Pure Storage Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 1.93% over the past 6 months, a 16.90% in annual growth rate that is considerably lower than the industry average of 27.00%. Year-over-year growth is forecast to reach 10.50% up from the last financial year.

Consensus estimates given by 17 financial analysts project the company’s revenue in the current quarter to hit an average of 814.93M. 17 analysts are of the opinion that Pure Storage Inc’s revenue for the current quarter will be 856.3M. The estimates for the next quarter sales put growth at 8.40%.

The 2024 estimates are for Pure Storage Inc earnings to increase by 12.56%, but the outlook for the next 5-year period is at 16.96% per year.

PSTG Dividends

Pure Storage Inc is expected to release its next quarterly earnings report on 2024-Nov-27.

Pure Storage Inc (NYSE:PSTG)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 5.21% of Pure Storage Inc shares while 85.83% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 90.55%. There are 85.83% institutions holding the Pure Storage Inc stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 15.123% of the shares, roughly 48.79 million PSTG shares worth $3.13 billion.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 10.3483% or 33.38 million shares worth $2.14 billion as of 2024-06-30.