Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Pure Storage Inc shares valued at $5,201,000 were sold by Colgrove John on May 12 ’25. At $52.01 per share, Colgrove John sold 100,000 shares. The insider’s holdings dropped to 801,959 shares worth approximately $44.95 million following the completion of this transaction.
Also, FitzSimons Dan sold 872 shares, netting a total of over 44,917 in proceeds. Following the sale of shares at $51.51 each, the insider now holds 89,351 shares.
Before that, COLGROVE FAM LIVING TR DTD 7/1 had added 100,000 shares to its account. In a trade valued at $4,870,000, the Director bought Pure Storage Inc shares for $48.70 each.
As published in a research note from Piper Sandler on December 04, 2024, Pure Storage Inc [PSTG] has been rated up from a Neutral to an Overweight and the price target has been revised to $76 from $56. Analysts at Wells Fargo resumed the stock at ‘”an Overweight”‘ outlook in a report released in early December. As of December 04, 2024, TD Cowen has reiterated its “Buy” rating for PSTG. Earlier on December 04, 2024, Stifel resumed its rating. Their recommendation was “a Hold” for PSTG stock.
Analyzing PSTG Stock Performance
During the last five days, there has been a surge of approximately 1.03%. Over the course of the year, Pure Storage Inc shares have dropped approximately -8.76%. Shares of the company reached a 52-week high of $73.67 on 01/22/25 and a 52-week low of $34.51 on 04/07/25.
Support And Resistance Levels for Pure Storage Inc (PSTG)
According to the 24-hour chart, there is a support level at 55.07, which, if violated, would cause prices to drop to 54.09. In the upper region, resistance lies at 56.81. The next price resistance is at 57.57. RSI (Relative Strength Index) is 68.24 on the 14-day chart, showing neutral technical sentiment.
