Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Pure Storage Inc shares valued at $619,347 were purchased by JOHN F MURPHY on Jun 05 ’25. At $55.13 per share, JOHN F MURPHY acquired 11,234 shares.
Also, Colgrove John sold 100,000 shares, netting a total of over 5,201,000 in proceeds. Following the sale of shares at $52.01 each, the insider now holds 801,959 shares.
Before that, FitzSimons Dan had sold 872 shares from its account. In a trade valued at $44,917, the Chief Revenue Officer traded Pure Storage Inc shares for $51.51 each. Upon closing the transaction, the insider’s holdings decreased to 872 shares, worth approximately $4.88 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 surge of approximately 1.79%. Over the course of the year, Pure Storage Inc shares have dropped approximately -11.12%. 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 53.94, which, if violated, would cause prices to drop to 53.27. In the upper region, resistance lies at 55.34. The next price resistance is at 56.07. RSI (Relative Strength Index) is 59.53 on the 14-day chart, showing neutral technical sentiment.
