Economy

Analysts See $-0.22 EPS for Pure Storage Inc (PSTG)

The number of shares now owned by investors are 351.1 mln.

Equities research analysts forecast that Pure Storage, Inc. The highest EPS estimate is ($0.01) and the lowest is ($0.05). The firm is scheduled to issue its next earnings report after the market closes on Tuesday, November 28th. The stock was sold at an average price of $14.66, for a total transaction of $439,800.00. BMO Capital Markets reiterated an "outperform" rating and set a $16.00 price objective (up from $15.00) on shares of Pure Storage in a report on Friday, August 25th.

In other news, CFO Timothy Riitters sold 3,231 shares of the firm's stock in a transaction on Wednesday, September 21st. Oppenheimer upgraded the shares of PSTG in report on Wednesday, August 31 to "Outperform" rating. PSTG's average trading volume during the past 20 days is higher than the average volume over the past 100 days, which could be an indication that investors are feeling more certain than usual about the direction of PSTG's future price movements.

For this year, The Mosaic Company (NYSE:MOS) is performing -22.13%. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. During the same period in the prior year, the firm posted ($0.18) EPS. The company had revenue of $224.50 million during the quarter, compared to analyst estimates of $217.97 million. The count of Hold ratings in that period was 8. Insider ownership during the past year has increased by a net of 935589 shares. The average investment rating for PSTG on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 4.50 or a Moderate Buy. Equity analyst BTIG Research raised the price target on October 19 changing the price objective from $14.00 to $20.00 and issued a "Buy" recommendation.

Pure Storage, Inc. (PSTG) opened the session with a $16.58 price tag, later ranging from $16.58 to $16.87, the range at which the stock has traded at throughout the day.

Pure Storage (NYSE:PSTG) last posted its earnings results on Thursday, August 24th. If you are viewing this report on another website, it was illegally stolen and reposted in violation of US and global copyright & trademark law. Bank of New York Mellon Corp raised its position in Pure Storage by 140.8% in the second quarter. In the past year there have been a total of 62 insider trades, including 21 open market buys and 41 sells. The stock was sold at an average price of $14.56, for a total value of $72,800.00. The disclosure for this sale can be found here. Insiders have sold 242,028 shares of company stock valued at $3,773,235 in the last quarter.

A number of hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its stake in shares of Pure Storage by 480.2% during the first quarter. Buckingham Asset Management LLC bought a new position in Pure Storage during the second quarter valued at about $2,384,000. Over the past five trading sessions it is 2.06%; 7.58% for the month; 12.46% for the last quarter; -2.6% for the past six-months; and -19.09% for the last 12 months. Legal & General Group Plc increased its stake in shares of Pure Storage by 42.7% during the second quarter. Legal & General Group Plc now owns 23,623 shares of the technology company's stock worth $303,000 after purchasing an additional 7,068 shares during the last quarter.

Shares of Pure Storage, Inc. Finally, Marcus Capital LLC lifted its holdings in Pure Storage by 57.6% during the 2nd quarter. Renaissance Technologies LLC now owns 1,284,000 shares of the technology company's stock valued at $12,622,000 after buying an additional 1,062,700 shares during the period. Of those insider trades, 839,745 shares of Pure Storage, Inc. were purchased and 421,942 shares were sold. Pure Storage Inc's Wall Street analysts see -24.14 % EPS growth, taking into account the $-0.29 EPS reproted in the previous quarter, The stock increased 1.54% or $0.25 on November 10, reaching $16.83. The Company is focused on delivering software-defined all-flash solutions that are fast and cloud-capable for customers, enabling customers to put data to work for their businesses. The company's storage platform provides Purity Operating Environment, a flash-optimized software; FlashArray, a modular and scalable all-flash array hardware and Pure1, a cloud-based management and support platform. Among holders that decreased their positions, 24 sold out of the stock Pure Storage, Inc.



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