Oppenheimer & Co. Inc. purchased a new stake in Pure Storage, Inc. (NYSE:PSTG – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,757 shares of the technology company’s stock, valued at approximately $415,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sugar Maple Asset Management LLC bought a new position in shares of Pure Storage during the fourth quarter valued at approximately $29,000. Compass Financial Services Inc purchased a new stake in Pure Storage during the fourth quarter worth $29,000. Larson Financial Group LLC boosted its position in Pure Storage by 49.1% during the 3rd quarter. Larson Financial Group LLC now owns 644 shares of the technology company’s stock valued at $32,000 after acquiring an additional 212 shares in the last quarter. Berbice Capital Management LLC purchased a new position in shares of Pure Storage in the 4th quarter valued at $37,000. Finally, Venturi Wealth Management LLC raised its position in shares of Pure Storage by 40.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 754 shares of the technology company’s stock worth $38,000 after acquiring an additional 219 shares in the last quarter. Institutional investors own 83.42% of the company’s stock.
Insider Buying and Selling
In related news, CAO Mona Chu sold 8,311 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $62.16, for a total transaction of $516,611.76. Following the completion of the sale, the chief accounting officer now directly owns 67,681 shares in the company, valued at approximately $4,207,050.96. This trade represents a 10.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ajay Singh sold 19,972 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $61.58, for a total value of $1,229,875.76. Following the completion of the transaction, the insider now owns 262,144 shares in the company, valued at $16,142,827.52. This represents a 7.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,178 shares of company stock valued at $2,316,746. 6.00% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on PSTG
Pure Storage Stock Performance
PSTG opened at $49.34 on Friday. The company has a market capitalization of $16.09 billion, a PE ratio of 129.83, a P/E/G ratio of 5.12 and a beta of 1.09. The stock’s fifty day moving average is $64.22 and its 200-day moving average is $57.82. Pure Storage, Inc. has a one year low of $44.76 and a one year high of $73.67.
Pure Storage 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.
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