Northland Capmk Predicts Stronger Earnings for Pure Storage

Pure Storage, Inc. (NYSE:PSTG - Free Report) - Stock analysts at Northland Capmk upped their FY2025 EPS estimates for Pure Storage in a research note issued on Wednesday, December 4th. Northland Capmk analyst N. Chokshi now forecasts that the technology company will post earnings of $0.41 per share for the year, up from their prior estimate of $0.36. The consensus estimate for Pure Storage's current full-year earnings is $0.44 per share. Northland Capmk also issued estimates for Pure Storage's Q4 2025 earnings at $0.10 EPS, Q1 2026 earnings at $0.02 EPS, Q2 2026 earnings at $0.16 EPS, Q3 2026 earnings at $0.26 EPS, Q4 2026 earnings at $0.14 EPS and FY2026 earnings at $0.58 EPS.

Other analysts have also recently issued research reports about the stock. Piper Sandler raised shares of Pure Storage from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $56.00 to $76.00 in a research note on Wednesday, December 4th. Wells Fargo & Company boosted 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. Needham & Company LLC boosted their price objective on shares of Pure Storage from $62.00 to $75.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Stifel Nicolaus upped their price target on shares of Pure Storage from $60.00 to $65.00 and gave the company a "hold" rating in a research report on Wednesday, December 4th. Finally, Guggenheim upped their price target on shares of Pure Storage from $72.00 to $93.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, Pure Storage currently has an average rating of "Moderate Buy" and a consensus price target of $72.10.

Pure Storage Price Performance

Shares of NYSE PSTG traded down $0.97 during midday trading 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's 50-day moving average price is $53.04 and its 200-day moving average price is $56.81. The stock has a market cap of $20.96 billion, a P/E ratio of 170.85, a PEG ratio of 7.83 and a beta of 1.13. Pure Storage has a one year low of $32.54 and a one year high of $70.41. The company has a quick ratio of 1.74, a current ratio of 1.77 and a debt-to-equity ratio of 0.07.

Hedge Funds Weigh In On Pure Storage

Several hedge funds and other institutional investors have recently modified their holdings of PSTG. Franklin Resources Inc. increased its position in shares of Pure Storage by 210.2% during the third quarter. Franklin Resources Inc. now owns 2,553,402 shares of the technology company's stock valued at $137,628,000 after buying an additional 1,730,123 shares during the period. Bank of New York Mellon Corp increased its position in shares of Pure Storage by 56.1% during the second quarter. Bank of New York Mellon Corp now owns 3,696,390 shares of the technology company's stock valued at $237,345,000 after buying an additional 1,327,873 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Pure Storage by 22.5% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,063,776 shares of the technology company's stock valued at $204,163,000 after buying an additional 747,034 shares during the period. State Street Corp boosted its stake in Pure Storage by 6.5% during the third quarter. State Street Corp now owns 10,262,666 shares of the technology company's stock worth $515,596,000 after acquiring an additional 626,427 shares in the last quarter. Finally, World Investment Advisors LLC bought a new stake in Pure Storage during the third quarter worth about $20,470,000. Hedge funds and other institutional investors own 83.42% of the company's stock.

Insider Buying and Selling

In other Pure Storage news, insider John Colgrove sold 100,000 shares of the business's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $49.94, for a total value of $4,994,000.00. Following the transaction, the insider now owns 500,000 shares in the company, valued at approximately $24,970,000. The trade was a 16.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mona Chu sold 20,647 shares of the business's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $51.50, for a total transaction of $1,063,320.50. Following the completion of the transaction, the chief accounting officer now owns 75,992 shares in the company, valued at $3,913,588. The trade was a 21.37 % 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 worth $25,154,030 in the last 90 days. 6.00% of the stock is owned by company insiders.

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.