New insider activity at Pure Storage ( (PSTG) ) has taken place on September 26, 2025.
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Ajay Singh, the Chief Product Officer of Pure Storage, has recently sold 7,014 shares of the company’s stock, amounting to a total transaction value of $602,151.
Recent Updates on PSTG stock
Pure Storage Inc. recently held its Q2 earnings call, reporting a 13% year-over-year revenue increase to $861 million, driven by strong client engagements, particularly with Meta. The company raised its financial guidance, reflecting confidence in its strategic direction despite challenges in forecasting product and subscription mixes and the non-material impact of hyperscaler revenue. The subscription services segment showed significant growth, with a 15% increase in revenue, highlighting the importance of this area. Additionally, Pure Storage’s international revenue grew by 26%, indicating an expanding global footprint. The company introduced new products and architectures, such as the Enterprise Data Cloud, to enhance data management capabilities. Despite the uncertain macroeconomic environment, Pure Storage remains optimistic about its growth prospects, as evidenced by its increased revenue guidance for the fiscal year 2026.
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: 33.57%
Average Trading Volume: 2,979,201
Technical Sentiment Signal: Buy
Current Market Cap: $27.88B