Pure Storage (NYSE:PSTG) Issues Quarterly Earnings Results, Misses Expectations By $0.28 EPS

Pure Storage (NYSE:PSTG) announced its earnings results on Wednesday. The technology company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.28), Zacks reports. Pure Storage had a return on equity of 16.06% and a net margin of 4.22%. Pure Storage updated its FY 2026 guidance to EPS and its Q1 2026 guidance to EPS.

Pure Storage Price Performance

Pure Storage stock traded up $1.19 during trading hours on Wednesday, hitting $62.49. The company had a trading volume of 3,222,132 shares, compared to its average volume of 2,374,598. The firm has a 50-day moving average of $66.09 and a 200 day moving average of $58.25. The firm has a market cap of $20.39 billion, a PE ratio of 164.45, a PEG ratio of 5.12 and a beta of 1.09. Pure Storage has a one year low of $40.95 and a one year high of $73.67.

Insider Transactions at Pure Storage

In other news, CAO Mona Chu sold 8,311 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $62.16, for a total value of $516,611.76. Following the completion of the sale, the chief accounting officer now owns 67,681 shares of the company’s stock, valued at approximately $4,207,050.96. The trade was a 10.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $65.55, for a total transaction of $6,555,000.00. Following the transaction, the insider now directly owns 7,316,722 shares in the company, valued at approximately $479,611,127.10. This represents a 1.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,178 shares of company stock worth $8,871,746 over the last quarter. Company insiders own 6.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PSTG. Piper Sandler upgraded Pure Storage from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $56.00 to $76.00 in a report on Wednesday, December 4th. Needham & Company LLC upped their price target on Pure Storage from $62.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Wells Fargo & Company increased their price objective on shares of Pure Storage from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Northland Securities reaffirmed a “market perform” rating and issued a $63.00 target price (up previously from $59.00) on shares of Pure Storage in a research report on Wednesday, December 4th. Finally, Lake Street Capital boosted their price target on Pure Storage from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $72.95.

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.