FY2025 Earnings Estimate for Pure Storage Issued By Wedbush

Pure Storage, Inc. (NYSE:PSTG - Free Report) - Investment analysts at Wedbush boosted their FY2025 earnings per share (EPS) estimates for Pure Storage in a research note issued on Wednesday, December 4th. Wedbush analyst M. Bryson now expects that the technology company will earn $0.43 per share for the year, up from their previous forecast of $0.38. Wedbush currently has a "Outperform" rating and a $80.00 target price on the stock. The consensus estimate for Pure Storage's current full-year earnings is $0.44 per share. Wedbush also issued estimates for Pure Storage's Q4 2025 earnings at $0.11 EPS, Q1 2026 earnings at $0.13 EPS, Q2 2026 earnings at $0.37 EPS, Q3 2026 earnings at $0.57 EPS, Q4 2026 earnings at $0.58 EPS and FY2026 earnings at $1.64 EPS.

Other equities analysts also recently issued reports about the stock. Piper Sandler raised shares of Pure Storage from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $56.00 to $76.00 in a research note on Wednesday, December 4th. Guggenheim boosted their target price on shares of Pure Storage from $72.00 to $93.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. lifted their price objective on shares of Pure Storage from $60.00 to $75.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Raymond James decreased their price target on Pure Storage from $73.00 to $70.00 and set an "outperform" rating for the company in a research note on Thursday, August 29th. Finally, UBS Group boosted their price objective on Pure Storage from $45.00 to $47.00 and gave the stock a "sell" rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $72.10.

Pure Storage Trading Down 1.5 %

Shares of Pure Storage stock traded down $0.97 on Monday, reaching $63.95. 2,292,203 shares of the company were exchanged, compared to its average volume of 3,678,603. The stock has a fifty day moving average price of $53.04 and a 200-day moving average price of $56.81. The firm has a market capitalization of $20.96 billion, a price-to-earnings ratio of 170.85, a price-to-earnings-growth ratio of 7.83 and a beta of 1.13. The company has a current ratio of 1.77, a quick ratio of 1.74 and a debt-to-equity ratio of 0.07. Pure Storage has a fifty-two week low of $32.54 and a fifty-two week high of $70.41.

Insider Activity

In other Pure Storage news, CAO Mona Chu sold 25,000 shares of Pure Storage stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $50.32, for a total value of $1,258,000.00. Following the sale, the chief accounting officer now owns 96,639 shares of the company's stock, valued at $4,862,874.48. This trade represents a 20.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John Colgrove sold 100,000 shares of the firm's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $65.55, for a total value of $6,555,000.00. Following the completion of the transaction, the insider now owns 7,316,722 shares of the company's stock, valued at $479,611,127.10. The trade was a 1.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 454,542 shares of company stock valued at $25,154,030 in the last 90 days. 6.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Pure Storage

Hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC grew its holdings in Pure Storage by 242.9% during the second quarter. Larson Financial Group LLC now owns 432 shares of the technology company's stock worth $28,000 after purchasing an additional 306 shares during the period. ORG Wealth Partners LLC bought a new stake in shares of Pure Storage during the third quarter worth approximately $31,000. FSC Wealth Advisors LLC bought a new stake in shares of Pure Storage during the second quarter worth approximately $33,000. ORG Partners LLC bought a new stake in shares of Pure Storage during the second quarter worth approximately $35,000. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Pure Storage by 40.9% during the third quarter. Venturi Wealth Management LLC now owns 754 shares of the technology company's stock worth $38,000 after acquiring an additional 219 shares during the period. Institutional investors own 83.42% of the company's stock.

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.