New insider activity at Pure Storage ( (PSTG) ) has taken place on September 23, 2025.
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CAO Mona Chu recently executed a significant transaction involving Pure Storage stock, selling a total of 5,155 shares. This sale amounted to a substantial $454,052, highlighting a noteworthy movement in the company’s stock holdings.
Recent Updates on PSTG stock
In the past 24 hours, Pure Storage Inc. reported a strong Q2 earnings performance, with a 13% increase in revenue year-over-year, reaching $861 million. The company also raised its fiscal year 2026 revenue guidance to $3.6 billion to $3.63 billion, reflecting a 14% year-over-year growth at the midpoint. This optimistic outlook is driven by strong revenue growth, successful client engagements, particularly with Meta, and significant momentum in its subscription services. Despite challenges in forecasting the mix between product and subscription offerings, and the non-material impact of hyperscaler revenue, Pure Storage remains confident in its strategic direction and market position. The company also highlighted its expanding global footprint with international revenue growth and over 300 new customers. The macroeconomic environment remains uncertain, but Pure Storage appears well-positioned to continue its growth trajectory.
Spark’s Take on PSTG Stock
According to Spark, TipRanks’ AI Analyst, PSTG is a Neutral.
Pure Storage’s overall stock score is driven by strong financial performance and positive technical indicators, though tempered by high valuation concerns. The company’s robust revenue growth and financial stability are significant strengths, but the high P/E ratio suggests overvaluation, which could limit upside potential. Technical analysis indicates strong momentum, but overbought conditions may lead to short-term volatility.
To see Spark’s full report on PSTG stock, click here.
More about Pure Storage
YTD Price Performance: 40.58%
Average Trading Volume: 2,946,638
Technical Sentiment Signal: Buy
Current Market Cap: $28.87B