Pure Storage, Inc. (NYSE:PSTG) Given Consensus Rating of “Moderate Buy” by Analysts

Pure Storage, Inc. (NYSE:PSTG) has been given an average rating of “Moderate Buy” by the nineteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $94.4737.

A number of brokerages have commented on PSTG. UBS Group raised their price objective on Pure Storage from $55.00 to $60.00 and gave the stock a “sell” rating in a research report on Wednesday, December 3rd. TD Cowen reissued a “buy” rating on shares of Pure Storage in a research report on Wednesday, December 3rd. Barclays raised their price target on shares of Pure Storage from $70.00 to $77.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 3rd. Morgan Stanley set a $83.00 price objective on shares of Pure Storage in a research report on Wednesday, December 3rd. Finally, Tigress Financial set a $105.00 target price on shares of Pure Storage in a research report on Wednesday, December 3rd.

Insider Transactions at Pure Storage

In other Pure Storage news, insider John Colgrove sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $71.31, for a total value of $7,131,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ajay Singh sold 7,178 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $67.14, for a total transaction of $481,930.92. Following the transaction, the insider owned 215,091 shares in the company, valued at $14,441,209.74. This represents a 3.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new position in Pure Storage during the first quarter valued at approximately $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Pure Storage by 129.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the technology company’s stock valued at $387,000 after buying an additional 4,926 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Pure Storage by 109.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the technology company’s stock worth $50,377,000 after acquiring an additional 595,307 shares during the last quarter. Empowered Funds LLC lifted its position in Pure Storage by 4.2% during the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the technology company’s stock worth $212,000 after acquiring an additional 194 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in shares of Pure Storage by 9.6% in the second quarter. D.A. Davidson & CO. now owns 7,672 shares of the technology company’s stock valued at $442,000 after purchasing an additional 672 shares during the last quarter. 83.42% of the stock is owned by institutional investors.

Key Stories Impacting Pure Storage

Here are the key news stories impacting Pure Storage this week:

• Positive Sentiment: Company strategic pivot — Pure Storage formally rebranded to Everpure and positioned the business as an AI‑era data management company; leadership says the move is meant to broaden the addressable market. Read More.
• Positive Sentiment: Acquisition to expand capabilities — Management announced intent to acquire 1touch, a data security platform, to add security and data‑management capabilities that support the AI pivot. Deal rationale could increase ARR and product stickiness if execution is smooth. Read More.
• Positive Sentiment: Analyst support — Wedbush reaffirmed an “outperform” rating and a $100 price target, signaling bullish conviction in the company’s strategy and longer‑term upside. Read More.
• Neutral Sentiment: Earnings/valuation focus — Several previews and analyst notes say fiscal Q4 and ARR trends (FlashBlade momentum, AI demand) will drive near‑term results; valuation remains a watch item into earnings. Read More.
• Neutral Sentiment: Long‑term performance pieces — Articles highlighting long‑term returns (e.g., “If you invested $1,000…”) provide context but are unlikely to move the stock materially in the short term. Read More.
• Negative Sentiment: Immediate market reaction — The rebrand triggered a sharp sell‑off as some investors viewed the name change and repositioning as a source of short‑term uncertainty. Read More.
• Negative Sentiment: Target cut from Citi — Citi trimmed its price target to $90 from $105 (while keeping a Buy), reflecting sector/valuation resets ahead of earnings; any lowered PTs add pressure to sentiment. Read More.
• Negative Sentiment: Macro/headline risk — Broader market headlines (new tariff talk, trade uncertainty) contributed to morning weakness across several names, adding to downward pressure. Read More.

Pure Storage Stock Performance

Pure Storage stock opened at $68.46 on Tuesday. Pure Storage has a 52 week low of $34.51 and a 52 week high of $100.59. The firm has a market capitalization of $22.60 billion, a price-to-earnings ratio of 180.16, a P/E/G ratio of 5.74 and a beta of 1.27. The company has a 50 day moving average price of $70.36 and a 200 day moving average price of $77.48.

Pure Storage (NYSE:PSTG) last released its earnings results on Tuesday, December 2nd. The technology company reported $0.58 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.58. Pure Storage had a return on equity of 10.60% and a net margin of 3.74%.The company had revenue of $964.45 million during the quarter, compared to analyst estimates of $955.60 million. During the same quarter in the prior year, the company earned $0.50 earnings per share. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. Equities analysts forecast that Pure Storage will post 0.44 earnings per share for the current fiscal year.

Pure Storage Company Profile

Pure Storage, Inc (NYSE: PSTG) is a technology company that designs and sells data storage hardware and software for enterprise and cloud environments. The company is best known for its all-flash storage arrays that are engineered to deliver high performance, low latency and simplified management compared with traditional disk-based systems. Its product portfolio includes purpose-built arrays and software aimed at transactional databases, virtualized infrastructures, analytics and large-scale file/object workloads.

Key product and software offerings include the FlashArray family for block storage and FlashBlade for file and object workloads, together with Purity, the company’s storage operating environment.