Pure Storage Inc’s filing revealed that its Chief Visionary Officer Colgrove John unloaded Company’s shares for reported $5.2 million on May 12 ’25. In the deal valued at $52.01 per share,100,000 shares were sold. As a result of this transaction, Colgrove John now holds 801,959 shares worth roughly $42.96 million.
Then, FitzSimons Dan sold 872 shares, generating $44,917 in total proceeds. Upon selling the shares at $51.51, the Chief Revenue Officer now owns 89,351 shares.
Before that, COLGROVE FAM LIVING TR DTD 7/1 bought 100,000 shares. Pure Storage Inc shares valued at $4,870,000 were divested by the Director at a price of $48.70 per share.
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 -0.04% to $53.57. Over the last five days, the stock has lost -3.37%. Pure Storage Inc shares have fallen nearly -12.80% since the year began. Nevertheless, the stocks have fallen -14.97% over the past one year. While a 52-week high of $73.67 was reached on 01/22/25, a 52-week low of $34.51 was recorded on 04/07/25. SMA at 50 days reached $48.01, while 200 days put it at $54.95.
Levels Of Support And Resistance For PSTG Stock
The 24-hour chart illustrates a support level at 52.46, which if violated will result in even more drops to 51.34. On the upside, there is a resistance level at 54.18. A further resistance level may holdings at 54.78. The Relative Strength Index (RSI) on the 14-day chart is 56.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.28%. Stochastics %K at 50.67% indicates the stock is a holding.
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.
