Director Brown Andrew William Fraser has sold 20,564 shares of Pure Storage Inc (PSTG, Financial) on April 15, 2024, according to a recent SEC Filing. Over the past year, the insider has sold a total of 29,661 shares of the company and has not made any purchases.
Pure Storage Inc is a technology company that provides data storage solutions. Its products include all-flash arrays and data management and storage services, catering to customers seeking to enhance their data infrastructure's performance, efficiency, and reliability.
The insider transaction history for Pure Storage Inc shows a pattern of insider selling, with 0 insider buys and 21 insider sells over the past year.
On the day of the insider's recent sale, shares of Pure Storage Inc were trading at $52.31, giving the company a market cap of $16.999 billion. The price-earnings ratio of the stock stands at 307.76, which is significantly higher than the industry median of 23.14 and also above the company's historical median price-earnings ratio.
Considering the current share price and the GuruFocus Value of $30.63, Pure Storage Inc has a price-to-GF-Value ratio of 1.71, indicating that the stock is Significantly Overvalued according to GuruFocus's valuation model. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
