Rep. Lisa C. McClain Sells Pure Storage, Inc. (NYSE:PSTG) Stock

Representative Lisa C. McClain (R-Michigan) recently sold shares of Pure Storage, Inc. (NYSE:PSTG). In a filing disclosed on November 21st, the Representative disclosed that they had sold between $1,001 and $15,000 in Pure Storage stock on October 31st. The trade occurred in the Representative’s “CHARLES SCHWAB 401K > SCHWAB 893” account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Coherent (NYSE:COHR) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Clorox (NYSE:CLX) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Northern Trust (NASDAQ:NTRS) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Honda Motor (NYSE:HMC) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Home BancShares (NYSE:HOMB) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Five Below (NASDAQ:FIVE) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of BHP Group (NYSE:BHP) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Sprouts Farmers Market (NASDAQ:SFM) on 10/31/2025.

Pure Storage Stock Up 4.8%

Pure Storage stock opened at $82.18 on Tuesday. The company has a market cap of $27.01 billion, a price-to-earnings ratio of 200.44, a PEG ratio of 8.99 and a beta of 1.24. The firm’s fifty day moving average is $89.14 and its 200 day moving average is $69.88. Pure Storage, Inc. has a 52-week low of $34.51 and a 52-week high of $100.59.

Pure Storage (NYSE:PSTG) last issued its quarterly earnings data on Tuesday, September 9th. The technology company reported $0.44 EPS for the quarter. The business had revenue of $763.77 million during the quarter. Pure Storage had a net margin of 4.15% and a return on equity of 11.34%. On average, equities research analysts anticipate that Pure Storage, Inc. will post 0.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Pure Storage news, insider John Colgrove sold 100,000 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $91.59, for a total transaction of $9,159,000.00. Following the completion of the sale, the insider directly owned 100,000 shares of the company’s stock, valued at approximately $9,159,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Roxanne Taylor sold 3,000 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $76.93, for a total transaction of $230,790.00. Following the completion of the sale, the director owned 16,343 shares in the company, valued at $1,257,266.99. This represents a 15.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 443,111 shares of company stock valued at $36,793,439 over the last ninety days. Company insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PSTG shares. Bank of America boosted their price objective on Pure Storage from $76.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Wedbush boosted their target price on Pure Storage from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Lake Street Capital raised their price target on Pure Storage from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Guggenheim lifted their price objective on shares of Pure Storage from $93.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Pure Storage in a research report on Wednesday, October 8th. Thirteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $92.61.

Hedge Funds Weigh In On Pure Storage

Several hedge funds have recently bought and sold shares of the business. LPL Financial LLC raised its holdings in shares of Pure Storage by 22.6% in the first quarter. LPL Financial LLC now owns 118,368 shares of the technology company’s stock valued at $5,240,000 after acquiring an additional 21,812 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Pure Storage by 13.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 275,796 shares of the technology company’s stock valued at $12,209,000 after purchasing an additional 32,611 shares during the period. Crumly & Associates Inc. bought a new stake in shares of Pure Storage in the 2nd quarter valued at about $242,000. Michael S. Ryan Inc. purchased a new stake in shares of Pure Storage in the 2nd quarter worth approximately $254,000. Finally, Brighton Jones LLC bought a new position in shares of Pure Storage during the second quarter valued at approximately $359,000. Institutional investors own 83.42% of the company’s stock.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan’s 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan’s 9th Congressional District. She declared candidacy for the 2026 election.

Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor’s degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

Pure Storage Company Profile

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.