In the past 52-week period, shares of Pure Storage, Inc. (NYSE:PSTG) have moved within the range of $9.12 to $16.64. On the stock’s most recent trading day, the company’s shares ended the regular session at $16.19, which is 2.7% lower than its 52-week high.
Pure Storage, Inc. (PSTG) has demonstrated a 20-day simple moving average (SMA) of 1.03%, and a 50-day SMA of 6.73%. This public company’s current market capitalization stands at $3.46 billion.
Analyzing Consensus Estimates, Sales Revenue and Net Income
When thinking about buying shares in a public company, it is useful to gauge the average enthusiasm level of Wall Street analysts for that specific stock. According to the latest data, the consensus recommendation for Pure Storage, Inc. (PSTG) is Outperform.
When it comes to quarterly financial results, publicly-traded companies usually post earnings and revenue figures that fall somewhat above or below the average Wall Street estimate. In the most recent quarterly financial report, for the quarter ending Jul. 2017, Pure Storage, Inc. (PSTG) delivered a 2.66% surprise with its net revenue. Sales reached $0.22 billion during the three-month period, compared to the average analyst estimate of $0.22 billion.
Meanwhile, during the same quarter Pure Storage, Inc. (PSTG) delivered a -24.03% earnings surprise. Net earnings for the quarter were posted at -$0.11 per share, whereas Wall Street had forecast -$0.14 per share.
Ownership at Pure Storage, Inc. (PSTG), According to Most Recent SEC Filings
Investors can gain useful insight on institutional ownership within a public company by taking a look at the organization’s most recent 13F filings. Pure Storage, Inc. (PSTG) has 0.1 billion shares outstanding currently, 78.01% of which belong to institutional investors. Those institutional holdings amount to $1.23 billion.
Additionally, according to the most recent 13F filing from Pure Storage, Inc. (PSTG), there were 25 new positions totaling 5,289,042 shares of the company’s stock. There were 31 sold out positions, on the other hand, totaling 5,595,785 shares.
Short, Medium and Long Term Indicators
By looking at a stock’s average trade volume – in the short, medium, and long terms – we can gain a better understanding of investor sentiment and trading activity. Pure Storage, Inc. (PSTG) has had a 20-day average volume of 1,258,635 shares, with an average of 20% of short term indicators pointed at Buy.
The stock’s 50-day average volume has been 1,754,258 shares, with an average of 75% of medium term indicators pointing toward Buy. Finally, its 100-day average volume is 1,639,840 shares with 67% of long-term indicators pointing to Buy.