Pure Storage Inc

NYSE:PSTGUnited States

Apr 19, 2024

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• Pure Storage Insider Sold Shares Worth $807,101, According to a Recent SEC Filing, from 4:18PM ET on Friday Apr 19, 2024 by MT Newswires

  4:18PM ET on Friday Apr 19, 2024 by MT Newswires
  Companies Mentioned: PSTG
  04:18 PM EDT, 04/19/2024 (MT Newswires) -- P. Kevan Krysler, Chief Financial Officer, on April 17, 2024, sold 15,286 shares in Pure Storage (PSTG) for $807,101. Following the Form 4 filing with the SEC, Krysler has control over a total of 507,824 sh...

• DJ Pure Storage Deserves Higher Multiple, Raymond James Says -- Market Talk, from 1:22PM ET on Friday Apr 19, 2024 by Dow Jones

  1:22PM ET on Friday Apr 19, 2024 by Dow Jones
  Companies Mentioned: PSTG
  
  1322 ET - Pure Storage "does not get the stock multiple it deserves," according to Raymond James, which raises its price target to $63 from $52 while lowering its rating to outperform from strong buy. With nearly half of its sales from subscriptions and recurring sources, the data storage company "deserves a premium over strictly appliance based IT hardware suppliers." Raymond James says "Pure maintains significant power savings advantages vs its peers, and we envision an accelerated storage upgrade cycle tied to enterprise AI adoption ramping during CY25." Potential risks include increased customer concentration, the firm writes. Pure Storage shares fall 5.4% to $49.05. (josh.beckerman@wsj.com)