Pure Storage (PSTG) Stock Price, News & Analysis

Company Overview

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. The company also provides FlashArray integrated hardware systems, including FlashArray//X, FlashArray//C, FlashArray//XL, FlashArray//E, and FlashArray File Services for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; and FlashBlade integrated hardware systems comprising FlashBlade//S and FlashBlade//E for managing and processing unstructured data workloads of various types from real-time log analytics and commercial high-performance computing (HPC) to data protection and recovery. In addition, it offers cloud-native storage solutions, such as Portworx by Pure Storage, a cloud-native Kubernetes data management solution; and Portworx Data Services, a Database-as-a-Service platform for Kubernetes. Further, the company provides Pure Fusion, a Software-as-a-Service (SaaS) management plane, which enables storage administrators to unify storage arrays and optimize storage pools; Evergreen Architecture comprising Pure1, an AI-driven cloud-based management platform, as well as Evergreen//One and Evergreen//Flex data storage solutions; and Cloud Block Store, a virtual block storage array, that provides customers the flexibility to operate a hybrid cloud model with seamless data mobility across on-premises and public cloud environments. It sells its products and subscription services through direct sales force and channel partners. The company was formerly known as OS76, Inc. and changed its name to Pure Storage, Inc. in January 2010. Pure Storage, Inc. was incorporated in 2009 and is headquartered in Santa Clara, California.

Key Stats

• Today's Range: $55.27 to $57.06
• 50-Day Range: $51.51 to $59.57
• 52-Week Range: $34.51 to $73.67
• Volume: 1.24 million shs
• Average Volume: 2.19 million shs
• Market Capitalization: $18.31 billion
• P/E Ratio: 151.43
• Dividend Yield: N/A
• Price Target: $69.95
• Consensus Rating: Moderate Buy

Pure Storage Stock Analysis - MarketRank™

Pure Storage scored higher than 88% of companies evaluated by MarketBeat, and ranked 227th out of 1,302 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Pure Storage has received a consensus rating of Moderate Buy. The company's average rating score is 2.65, and is based on 14 buy ratings, 5 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Pure Storage has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 61.36%

Earnings Growth

Earnings for Pure Storage are expected to grow by 61.36% in the coming year, from $0.44 to $0.71 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Pure Storage is 151.43, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 27.84.

Price to Earnings Ratio vs. Sector

The P/E ratio of Pure Storage is 151.43, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 49.21.

Price to Earnings Growth Ratio

Pure Storage has a PEG Ratio of 5.35. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Pure Storage has a P/B Ratio of 13.97. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.66% of the outstanding shares of Pure Storage have been sold short.

Short Interest Ratio / Days to Cover

Pure Storage has a short interest ratio ("days to cover") of 4.6.

Change versus previous month

Short interest in Pure Storage has recently increased by 0.67%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Pure Storage does not currently pay a dividend.

Dividend Growth

Pure Storage does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 2.8 / 5
• Environmental Score: -1.11

Percentage of Shares Shorted

3.66% of the outstanding shares of Pure Storage have been sold short.

Short Interest Ratio / Days to Cover

Pure Storage has a short interest ratio ("days to cover") of 4.6.

Change versus previous month

Short interest in Pure Storage has recently increased by 0.67%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 4.0 / 5
• News Sentiment: 1.27

News Sentiment

Pure Storage has a news sentiment score of 1.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 25 news articles for Pure Storage this week, compared to 13 articles on an average week.

Search Interest

14 people have searched for PSTG on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

34 people have added Pure Storage to their MarketBeat watchlist in the last 30 days. This is an increase of 580% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Pure Storage insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $31,887,830.00 in company stock.

Percentage Held by Insiders

Only 5.60% of the stock of Pure Storage is held by insiders.

Percentage Held by Institutions

83.42% of the stock of Pure Storage is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PSTG Stock Analysis - Frequently Asked Questions

How have PSTG shares performed this year?

Pure Storage's stock was trading at $61.43 at the beginning of 2025. Since then, PSTG shares have decreased by 8.8% and is now trading at $56.0290.

How were Pure Storage's earnings last quarter?

Pure Storage, Inc. (NYSE:PSTG) announced its earnings results on Wednesday, May, 28th. The technology company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.04. Pure Storage's quarterly revenue was up 12.3% on a year-over-year basis.
Read the conference call transcript.

Does Pure Storage have any subsidiaries?

Pure Storage subsidiaries include Portworx, Compuverde, StorReduce, Portworx Inc., Pure Crowns Sweden Holding AB, Pure Storage Australia Pty Ltd, Pure Storage Austria GmbH, and others.

Who are Pure Storage's major shareholders?

Top institutional investors of Pure Storage include William Blair Investment Management LLC (1.51%), Blair William & Co. IL (0.96%), Bank of New York Mellon Corp (0.73%) and Sumitomo Mitsui Trust Group Inc. (0.60%). Insiders that own company stock include P Kevan Krysler, John Colgrove, Ajay Singh, Scott Dietzen, Dan Fitzsimons, Mona Chu, Mallun Yen, Gregory Tomb, Andrew William Fraser Brown, John Francis Murphy and Roxanne Taylor.
View institutional ownership trends.

How do I buy shares of Pure Storage?

Shares of PSTG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Pure Storage own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Pure Storage investors own include CRISPR Therapeutics (CRSP), Opendoor Technologies (OPEN), NVIDIA (NVDA), Meta Platforms (META), Chevron (CVX), Bristol Myers Squibb (BMY) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 5/28/2025
• Today: 8/05/2025
• Next Earnings (Estimated): 8/27/2025
• Fiscal Year End: 1/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: COMP - STORAGE DE
• Sub-Industry: Computer Hardware
• Current Symbol: NYSE:PSTG
• CIK: 1474432
• Web: www.purestorage.com
• Phone: (800) 379-7873
• Fax: 650-625-9667
• Employees: 6,000
• Year Founded: 2009

Price Target and Rating

• Average Price Target for Pure Storage: $69.95
• High Price Target: $93.00
• Low Price Target: $50.00
• Potential Upside/Downside: +24.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.65
• Research Coverage: 20 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.37
• Trailing P/E Ratio: 151.43
• Forward P/E Ratio: 127.34
• P/E Growth: 5.35
• Net Income: $106.74 million
• Net Margins: 3.93%
• Pretax Margin: 5.41%
• Return on Equity: 13.98%
• Return on Assets: 4.91%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.61
• Quick Ratio: 1.58

Sales & Book Value

• Annual Sales: $3.17 billion
• Price / Sales: 5.78
• Cash Flow: $0.87 per share
• Price / Cash Flow: 64.10
• Book Value: $4.01 per share
• Price / Book: 13.97

Miscellaneous

• Outstanding Shares: 326,830,000
• Free Float: 308,529,000
• Market Cap: $18.31 billion
• Optionable: Optionable
• Beta: 1.07