Pure Storage Inc’s recently made public that its Director Murphy John Francis unloaded Company’s shares for reported $0.62 million on Jun 05 ’25. In the deal valued at $55.13 per share,11,234 shares were sold. As a result of this transaction, Murphy John Francis now holds 21,930 shares worth roughly $1.13 million.
Then, JOHN F MURPHY bought 11,234 shares, generating $619,347 in total proceeds.
Before that, Colgrove John sold 100,000 shares. Pure Storage Inc shares valued at $5,201,000 were divested by the Chief Visionary Officer at a price of $52.01 per share. As a result of the transaction, Colgrove John now holds 801,959 shares, worth roughly $41.44 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 jump 0.04% to $51.67. Over the last five days, the stock has lost -6.97%. Pure Storage Inc shares have fallen nearly -15.89% since the year began. Nevertheless, the stocks have fallen -22.75% 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.
Levels Of Support And Resistance For PSTG Stock
The 24-hour chart illustrates a support level at 50.56, which if violated will result in even more drops to 49.45. On the upside, there is a resistance level at 52.42. A further resistance level may holdings at 53.18.
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.
