In a filing, Pure Storage Inc revealed its Chief Revenue Officer FitzSimons Dan unloaded Company’s shares for reported $0.44 million on Mar 21 ’25. In the deal valued at $49.69 per share,8,895 shares were sold. As a result of this transaction, FitzSimons Dan now holds 97,200 shares worth roughly $4.3 million.
Then, DANIEL P FITZSIMONS bought 8,895 shares, generating $441,981 in total proceeds.
Before that, Singh Ajay sold 19,972 shares. Pure Storage Inc shares valued at $1,229,876 were divested by the Chief Product Officer at a price of $61.58 per share. As a result of the transaction, Singh Ajay now holds 262,144 shares, worth roughly $11.61 million.
Piper Sandler upgraded its Pure Storage Inc [PSTG] rating to an Overweight from a a Neutral in a research note published on December 04, 2024; the price target was increased to $76 from $56. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who remained covering the stock and in early December has reiterated a ‘”an Overweight”‘ rating for it. TD Cowen also remained covering PSTG and reiterated its “Buy” recommendation on December 04, 2024. Stifel maintained its rating on December 04, 2024. It rated PSTG as “a Hold”.
Price Performance Review of PSTG
On Monday, Pure Storage Inc [NYSE:PSTG] saw its stock fall -3.76% to $44.27. Over the last five days, the stock has lost -16.28%. Pure Storage Inc shares have fallen nearly -27.93% since the year began. Nevertheless, the stocks have fallen -15.76% over the past one year. While a 52-week high of $73.67 was reached on 01/22/25, a 52-week low of $44.76 was recorded on 03/31/25. SMA at 50 days reached $59.60, while 200 days put it at $57.94.
Levels Of Support And Resistance For PSTG Stock
The 24-hour chart illustrates a support level at 43.80, which if violated will result in even more drops to 43.33. On the upside, there is a resistance level at 44.64. A further resistance level may holdings at 45.02. The Relative Strength Index (RSI) on the 14-day chart is 28.59, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.15%. Stochastics %K at 12.21% indicates the stock is a buying.
How much short interest is there in Pure Storage Inc?
A steep rise in short interest was recorded in Pure Storage Inc stocks on 2025-03-14, dropping by -1.69 million shares to a total of 10.13 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 11.81 million shares. There was a decline of -16.64%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 04, 2024 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $75.
