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 $11,988,523 were sold by Colgrove John on Jul 31 ’25. At $60.32 per share, Colgrove John sold 198,749 shares. The insider’s holdings dropped to 500,000 shares worth approximately $28.93 million following the completion of this transaction.
Also, Colgrove John sold 187,740 shares, netting a total of over 11,268,155 in proceeds. Following the sale of shares at $60.02 each, the insider now holds 663,925 shares.
Before that, Colgrove John had sold 13,511 shares from its account. In a trade valued at $811,876, the Chief Visionary Officer traded Pure Storage Inc shares for $60.09 each. Upon closing the transaction, the insider’s holdings decreased to 13,511 shares, worth approximately $45.76 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
On last trading session, Pure Storage Inc [NYSE: PSTG] plunged -2.85% to $57.85. The stock’s lowest price that day was $57.84, but it reached a high of $59.55 in the same session. During the last five days, there has been a surge of approximately 0.07%. Over the course of the year, Pure Storage Inc shares have jumped approximately 1.15%. 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 57.27, which, if violated, would cause prices to drop to 56.69. In the upper region, resistance lies at 58.99. The next price resistance is at 60.13. RSI (Relative Strength Index) is 51.94 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 2025-07-31 dropping by -1.03 million shares to 10.84 million. Data from Yahoo Finance shows that the short interest on 2025-06-30 was 11.87 million shares. A decline of -9.53% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.99 of the overall float, the days-to-cover ratio (short ratio) decline to 4.99.
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 25.94% from the previous closing price of $59.55. 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, Needham assigned a price target of “a Buy” to the stock and reiterated coverage with a $75.
