In the latest trading session,, 0.47 million Pure Storage Inc (NYSE:PSTG) shares changed hands as the company’s beta touched 1.05. With the company’s most recent per share price at $44.51 changed hands at -$1.07 or -2.36% at last look, the market valuation stands at $14.51B. PSTG’s current price is a discount, trading about -65.51% off its 52-week high of $73.67. The share price had its 52-week low at $34.51, which suggests the last value was 22.47% up since then. When we look at Pure Storage Inc’s average trading volume, we note the 10-day average is 2.11 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 1.64. 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 0.25.
Pure Storage Inc (NYSE:PSTG) trade information
Instantly PSTG was in red as seen in intraday trades today. With action 4.18%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -27.55%, with the 5-day performance at 4.18% in the green. However, in the 30-day time frame, Pure Storage Inc (NYSE:PSTG) is 0.53% up. Looking at the short shares, we see there were 12.11 million shares sold at short interest cover period of 3.65 days.
The consensus price target for the stock as assigned by Wall Street analysts is 75, meaning bulls need an upside of 40.65% from its recent market value. According to analyst projections, PSTG’s forecast low is 75 with 75 as the target high. To hit the forecast high, the stock’s price needs a -68.5% plunge from its current level, while the stock would need to soar -68.5% for it to hit the projected low.
Pure Storage Inc (PSTG) estimates and forecasts
Year-over-year growth is forecast to reach 10.64% up from the last financial year.
Consensus estimates given by 18 financial analysts project the company’s revenue in the current quarter to hit an average of 770.03M. 18 analysts are of the opinion that Pure Storage Inc’s revenue for the current quarter will be 839.89M. The company’s revenue for the corresponding quarters a year ago was 693.48M and 763.77M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 11.04%. The estimates for the next quarter sales put growth at 9.97%.
The 2025 estimates are for Pure Storage Inc earnings to decrease by -2.00%, but the outlook for the next 5-year period is at 10.59% per year.
PSTG Dividends
Pure Storage Inc is expected to release its next quarterly earnings report on 2025-Feb-25.
Pure Storage Inc (NYSE:PSTG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 5.03% of Pure Storage Inc shares while 86.51% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 91.09%. There are 86.51% institutions holding the Pure Storage Inc stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 14.9498% of the shares, roughly 48.79 million PSTG shares worth $3.13 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 10.2298% or 33.38 million shares worth $2.14 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Feb 28, 2025 were Fidelity Mt. Vernon Street Trust-Fidelity Growth Company Fund and iShares Trust-iShares Core S&P Mid-Cap ETF . With 15.94 shares estimated at $707.04 million under it, the former controlled 4.89% of total outstanding shares. On the other hand, iShares Trust-iShares Core S&P Mid-Cap ETF held about 3.11% of the shares, roughly 10.12 shares worth around $449.06 million.
