Pure Storage, Inc.
Pure Storage, Inc. (PSTG) is a US-based technology firm specialising in all‑flash enterprise storage arrays, data management software and cloud data services. With a market capitalisation around $29.9 billion, Pure aims to replace legacy disk-based systems with faster, more energy-efficient flash solutions and recurring software subscriptions. Investors often watch its mix of product sales and growing recurring revenue — software licences and support — as indicators of profit stability and margin expansion. Strengths include product innovation, a focus on ease of use and a shift toward subscription models; challenges include strong competition from established storage vendors and cloud hyperscalers, plus sensitivity to IT spending cycles and execution risk. This summary is educational and not investment advice: stock prices can fall as well as rise, and suitability depends on an investor’s circumstances and risk tolerance.
Why It's Moving
Pure Storage sheds institutional stake amid insider sales as storage sector faces headwinds.
- Strs Ohio sold shares in Pure Storage, reducing its stake valued at $13.2 million in the latest SEC filing.
- Insiders net sold 207,178 shares worth $16.77 million over the past 90 days, including founder John Colgrove's 100,000-share block.
- Stock closed at $69.75 on Jan 23, down from a 52-week high of $100.59, reflecting heightened volatility.
Pure Storage sheds institutional stake amid insider sales as storage sector faces headwinds.
- Strs Ohio sold shares in Pure Storage, reducing its stake valued at $13.2 million in the latest SEC filing.
- Insiders net sold 207,178 shares worth $16.77 million over the past 90 days, including founder John Colgrove's 100,000-share block.
- Stock closed at $69.75 on Jan 23, down from a 52-week high of $100.59, reflecting heightened volatility.
When is the next earnings date for Pure Storage, Inc. (PSTG)?
Pure Storage (PSTG) reported its third quarter fiscal 2026 earnings on December 2, 2025, covering the period ended November 2, 2025. The next earnings date for fourth quarter fiscal 2026 is estimated for February 25, 2026, aligning with the company's historical reporting patterns. Investors should monitor official announcements for confirmation, as dates remain subject to adjustment.
Stock Performance Snapshot
Analyst Rating
Analysts recommend buying Pure Storage's stock with a target price of $94.58, indicating strong growth potential.
Financial Health
Pure Storage is performing well with strong revenue and cash flow, supported by its profitability.
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Explore BasketWhy You’ll Want to Watch This Stock
Data Growth Opportunity
Rising enterprise data volumes favour high‑performance flash storage, which could support long‑term demand — though adoption timing and spending cycles vary.
Subscription Revenue Shift
A growing share of revenue from software licences and cloud subscriptions may improve predictability, but execution risk exists while margins adjust.
Competitive Landscape
Competition from legacy storage vendors and cloud providers is intense, so product differentiation and go‑to‑market execution are important for outcomes.
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