Pure Storage Inc (PSTG, Financial), a company specializing in data storage solutions, recently saw a significant transaction from its insider. Mona Chu, the Chief Accounting Officer, sold 20,647 shares of the company on October 7, 2024. The transaction was filed with the SEC and can be viewed in detail through the SEC Filing. Following this sale, the insider now owns 75,992 shares of Pure Storage Inc.
Over the past year, the insider has sold a total of 55,647 shares and has not made any purchases. This recent sale is part of a broader trend within the company, where there have been 28 insider sells and no insider buys over the last year.
On the day of the sale, shares of Pure Storage Inc were priced at $51.5. This pricing gives the company a market cap of approximately $17.42 billion. The price-earnings ratio of the company stands at 132.90, which is above the industry median of 22.81.
The stock is currently considered to be Significantly Overvalued with a price-to-GF Value ratio of 1.39, based on a GF Value of $37.01. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This insider activity and valuation metrics provide a snapshot of the current financial landscape at Pure Storage Inc, reflecting both the insider's actions and the market's valuation of the company.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
