The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Pure Storage Inc shares valued at $5,580,768 were purchased by THE COLGROVE FAM CHARITABLE RE on Aug 27 ’25. At $58.56 per share, THE COLGROVE FAM CHARITABLE RE acquired 95,300 shares.
Also, THE COLGROVE FAM CHARITABLE RE purchased 4,700 shares, netting a total of over 277,535 in proceeds.
Before that, Colgrove John had sold 198,749 shares from its account. In a trade valued at $11,988,523, the Chief Visionary Officer traded Pure Storage Inc shares for $60.32 each. Upon closing the transaction, the insider’s holdings decreased to 198,749 shares, worth approximately $30.43 million.
Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early December. As of December 04, 2024, Wells Fargo has reiterated its “an Overweight” rating for PSTG. Earlier on December 04, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for PSTG stock.
Analyzing PSTG Stock Performance
On last trading session, Pure Storage Inc [NYSE: PSTG] rose 3.93% to $60.86. The stock’s lowest price that day was $58.34, but it reached a high of $61.32 in the same session. During the last five days, there has been a surge of approximately 9.60%. Over the course of the year, Pure Storage Inc shares have dropped approximately -1.14%. 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 59.03, which, if violated, would cause prices to drop to 57.19. In the upper region, resistance lies at 62.01. The next price resistance is at 63.15. RSI (Relative Strength Index) is 60.41 on the 14-day chart, showing neutral technical sentiment.
Is Pure Storage Inc subject to short interest?
Stocks of Pure Storage Inc saw a sharp steep in short interest on 2025-08-15 dropping by -1.16 million shares to 10.79 million. Data from Yahoo Finance shows that the short interest on 2025-07-15 was 11.95 million shares. A decline of -10.78% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.36 of the overall float, the days-to-cover ratio (short ratio) decline to 5.36.
Which companies own the most shares of Pure Storage Inc (PSTG)?
In terms of Pure Storage Inc share price expectations, FactSet research, analysts set an average price target of 75 in the next 12 months, up nearly 28.07% from the previous closing price of $58.56. Analysts anticipate Pure Storage Inc stock to reach 75 by 2025, with the lowest price target being 75. In spite of this, 17 analysts ranked Pure Storage Inc stock as Buy at the end of 2025. On December 04, 2024, Stifel assigned a price target of “a Hold” to the stock and reiterated coverage with a $65.
