Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Pure Storage Inc shares valued at $619,330 were sold by Murphy John Francis on Jun 05 ’25. At $55.13 per share, Murphy John Francis sold 11,234 shares. The insider’s holdings dropped to 21,930 shares worth approximately $1.19 million following the completion of this transaction.
Also, JOHN F MURPHY purchased 11,234 shares, netting a total of over 619,347 in proceeds.
Before that, Colgrove John had sold 100,000 shares from its account. In a trade valued at $5,201,000, the Chief Visionary Officer traded Pure Storage Inc shares for $52.01 each. Upon closing the transaction, the insider’s holdings decreased to 100,000 shares, worth approximately $43.7 million.
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 drop of approximately -0.20%. Over the course of the year, Pure Storage Inc shares have dropped approximately -11.30%. 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 54.09, which, if violated, would cause prices to drop to 53.70. In the upper region, resistance lies at 54.99. The next price resistance is at 55.49. RSI (Relative Strength Index) is 56.37 on the 14-day chart, showing neutral technical sentiment.
