Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Pure Storage, Inc. NYSE: PSTG. In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Pure Storage stock on January 13th. The trade occurred in the Representative's "JOINT OWNERSHIP LPL ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 2/7/2025.
- Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 2/3/2025.
- Purchased $1,001 - $15,000 in shares of Take-Two Interactive Software NASDAQ: TTWO on 2/3/2025.
- Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/3/2025.
- Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 1/30/2025.
- Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/30/2025.
- Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 1/29/2025.
- Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/29/2025.
- Sold $1,001 - $15,000 in shares of Manhattan Associates NASDAQ: MANH on 1/29/2025.
- Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 1/29/2025.
Pure Storage Trading Up 0.2 %
NYSE:PSTG traded up $0.13 during mid-day trading on Tuesday, hitting $67.93. The company's stock had a trading volume of 370,425 shares, compared to its average volume of 2,288,427. The stock has a fifty day moving average of $65.81 and a 200-day moving average of $57.76. The company has a market capitalization of $22.16 billion, a price-to-earnings ratio of 178.79, a P/E/G ratio of 5.26 and a beta of 1.09. Pure Storage, Inc. has a fifty-two week low of $38.78 and a fifty-two week high of $73.67.
Insider Activity at Pure Storage
In related news, CAO Mona Chu sold 8,311 shares of the company's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $62.16, for a total transaction of $516,611.76. Following the sale, the chief accounting officer now owns 67,681 shares of the company's stock, valued at $4,207,050.96. This represents a 10.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John Colgrove sold 100,000 shares of the business's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $65.55, for a total transaction of $6,555,000.00. Following the completion of the sale, the insider now owns 7,316,722 shares in the company, valued at approximately $479,611,127.10. This trade represents a 1.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,178 shares of company stock worth $8,871,746. Corporate insiders own 6.00% of the company's stock.
Analyst Ratings Changes
A number of analysts recently commented on PSTG shares. Oppenheimer began coverage on shares of Pure Storage in a research report on Wednesday, November 13th. They issued an "outperform" rating and a $70.00 price objective for the company. Piper Sandler raised Pure Storage from a "neutral" rating to an "overweight" rating and increased their price target for the company from $56.00 to $76.00 in a research report on Wednesday, December 4th. Needham & Company LLC upped their price objective on Pure Storage from $62.00 to $75.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Northland Securities reaffirmed a "market perform" rating and set a $63.00 target price (up previously from $59.00) on shares of Pure Storage in a report on Wednesday, December 4th. Finally, William Blair reiterated an "outperform" rating on shares of Pure Storage in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Pure Storage has a consensus rating of "Moderate Buy" and an average price target of $72.70.
Get Our Latest Analysis on Pure Storage
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of PSTG. Citigroup Inc. raised its holdings in Pure Storage by 11.3% in the 3rd quarter. Citigroup Inc. now owns 144,005 shares of the technology company's stock worth $7,235,000 after acquiring an additional 14,659 shares during the last quarter. TT International Asset Management LTD lifted its holdings in Pure Storage by 1,160.1% in the third quarter. TT International Asset Management LTD now owns 73,085 shares of the technology company's stock valued at $3,671,000 after acquiring an additional 67,285 shares during the period. FMR LLC grew its stake in shares of Pure Storage by 0.8% during the 3rd quarter. FMR LLC now owns 49,153,797 shares of the technology company's stock valued at $2,469,487,000 after purchasing an additional 368,643 shares during the period. Sycomore Asset Management lifted its stake in shares of Pure Storage by 57.8% in the 4th quarter. Sycomore Asset Management now owns 187,874 shares of the technology company's stock worth $11,541,000 after purchasing an additional 68,840 shares during the period. Finally, Asio Capital LLC bought a new position in Pure Storage in the fourth quarter worth approximately $264,000. 83.42% of the stock is owned by hedge funds and other institutional investors.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About Pure Storage
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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.
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