Analysts’ Recent Ratings Changes for Pure Storage (PSTG)

Pure Storage (NYSE: PSTG) has recently received a number of price target changes and ratings updates:

• 2/27/2025 – Pure Storage had its price target raised by analysts at UBS Group AG from $47.00 to $50.00. They now have a “sell” rating on the stock.
• 2/27/2025 – Pure Storage had its price target lowered by analysts at Bank of America Co. from $77.00 to $73.00. They now have a “neutral” rating on the stock.
• 2/27/2025 – Pure Storage was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 2/27/2025 – Pure Storage had its price target lowered by analysts at Citigroup Inc. from $80.00 to $77.00. They now have a “buy” rating on the stock.
• 2/27/2025 – Pure Storage had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $75.00 price target on the stock.
• 2/21/2025 – Pure Storage had its price target raised by analysts at Citigroup Inc. from $75.00 to $80.00. They now have a “buy” rating on the stock.

Pure Storage Stock Performance

Shares of NYSE PSTG traded down $1.26 during mid-day trading on Monday, hitting $47.96. 2,636,483 shares of the stock were exchanged, compared to its average volume of 2,761,522. The stock’s fifty day simple moving average is $64.22 and its two-hundred day simple moving average is $57.76. Pure Storage, Inc. has a twelve month low of $44.76 and a twelve month high of $73.67. The company has a market cap of $15.65 billion, a P/E ratio of 126.22, a PEG ratio of 5.12 and a beta of 1.09.

Insiders Place Their Bets

In other Pure Storage news, CRO Dan Fitzsimons sold 8,895 shares of the business’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $64.11, for a total transaction of $570,258.45. Following the completion of the sale, the executive now directly owns 72,927 shares of the company’s stock, valued at approximately $4,675,349.97. The trade was a 10.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ajay Singh sold 19,972 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $61.58, for a total transaction of $1,229,875.76. Following the completion of the transaction, the insider now directly owns 262,144 shares in the company, valued at $16,142,827.52. This trade represents a 7.08 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,178 shares of company stock valued at $2,316,746. Insiders own 6.00% of the company’s stock.

Institutional Investors Weigh In On Pure Storage

A number of institutional investors have recently made changes to their positions in the stock. McIlrath & Eck LLC acquired a new stake in Pure Storage in the fourth quarter worth $25,000. Sugar Maple Asset Management LLC bought a new position in Pure Storage during the fourth quarter worth about $29,000. Compass Financial Services Inc bought a new position in Pure Storage during the fourth quarter worth about $29,000. Crowley Wealth Management Inc. bought a new stake in shares of Pure Storage in the fourth quarter worth about $31,000. Finally, Larson Financial Group LLC raised its position in shares of Pure Storage by 49.1% during the third quarter. Larson Financial Group LLC now owns 644 shares of the technology company’s stock worth $32,000 after purchasing an additional 212 shares during the period. 83.42% of the stock is owned by institutional investors and hedge funds.

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.