Analysts Set Expectations for Pure Storage FY2025 Earnings

Pure Storage, Inc. (NYSE:PSTG) – Analysts at William Blair reduced their FY2025 earnings estimates for shares of Pure Storage in a research report issued to clients and investors on Wednesday, December 4th. William Blair analyst J. Ader now anticipates that the technology company will post earnings of $0.45 per share for the year, down from their previous estimate of $0.47. William Blair has a “Outperform” rating on the stock. The consensus estimate for Pure Storage’s current full-year earnings is $0.43 per share. William Blair also issued estimates for Pure Storage’s Q4 2025 earnings at $0.13 EPS and FY2026 earnings at $0.65 EPS.

A number of other equities analysts have also recently weighed in on the stock. Northland Securities reaffirmed a “market perform” rating and set a $63.00 price objective (up previously from $59.00) on shares of Pure Storage in a research report on Wednesday, December 4th. Guggenheim raised their price target on Pure Storage from $72.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Oppenheimer assumed coverage on Pure Storage in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $70.00 price objective for the company. Stifel Nicolaus increased their target price on Pure Storage from $60.00 to $65.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Finally, TD Cowen lifted their target price on Pure Storage from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.10.

Pure Storage Price Performance

Shares of PSTG opened at $64.92 on Monday. The firm has a 50-day simple moving average of $53.04 and a two-hundred day simple moving average of $56.81. The stock has a market cap of $21.27 billion, a PE ratio of 170.84, a P/E/G ratio of 8.87 and a beta of 1.13. Pure Storage has a 1-year low of $31.90 and a 1-year high of $70.41. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.77 and a quick ratio of 1.96.

Institutional Investors Weigh In On Pure Storage

A number of institutional investors and hedge funds have recently bought and sold shares of PSTG. Cetera Investment Advisers increased its position in shares of Pure Storage by 284.9% during the first quarter. Cetera Investment Advisers now owns 55,801 shares of the technology company’s stock worth $2,901,000 after purchasing an additional 41,305 shares in the last quarter. CWM LLC boosted its holdings in shares of Pure Storage by 37.0% in the second quarter. CWM LLC now owns 8,252 shares of the technology company’s stock valued at $530,000 after acquiring an additional 2,228 shares during the period. Friedenthal Financial acquired a new stake in shares of Pure Storage in the second quarter valued at approximately $712,000. Bank Pictet & Cie Asia Ltd. acquired a new position in shares of Pure Storage in the 2nd quarter valued at $336,000. Finally, Maia Wealth LLC purchased a new stake in Pure Storage in the 2nd quarter valued at $604,000. 83.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider John Colgrove sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $49.94, for a total value of $4,994,000.00. Following the completion of the transaction, the insider now directly owns 500,000 shares of the company’s stock, valued at $24,970,000. This represents a 16.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Mona Chu sold 20,647 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $51.50, for a total transaction of $1,063,320.50. Following the sale, the chief accounting officer now directly owns 75,992 shares in the company, valued at approximately $3,913,588. The trade was a 21.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 454,542 shares of company stock worth $25,154,030. Corporate insiders own 6.00% of the company’s stock.

Pure Storage Company Profile

Pure Storage, Inc engages in the provision of data storage and management technologies, products, and services in the United States and internationally. Its Purity software is shared across its products and provides enterprise-class data services, such as always-on data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object.