Pure Storage (NYSE:PSTG) Releases Quarterly Earnings Results, Misses Estimates By $0.28 EPS

Pure Storage (NYSE:PSTG) released its quarterly earnings results on Wednesday. The technology company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.28), Zacks reports. Pure Storage had a return on equity of 16.06% and a net margin of 4.22%. Pure Storage updated its FY 2026 guidance to EPS and its Q1 2026 guidance to EPS.

Pure Storage Stock Up 1.9 %

Pure Storage stock traded up $1.19 during midday trading on Wednesday, hitting $62.49. 3,222,132 shares of the stock were exchanged, compared to its average volume of 2,374,598. The stock has a market capitalization of $20.39 billion, a PE ratio of 164.45, a P/E/G ratio of 5.12 and a beta of 1.09. The company has a fifty day simple moving average of $66.09 and a two-hundred day simple moving average of $58.25. Pure Storage has a 52 week low of $40.95 and a 52 week high of $73.67.

Analyst Ratings Changes

PSTG has been the topic of several research analyst reports. Morgan Stanley increased their target price on Pure Storage from $62.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Lake Street Capital increased their price objective on shares of Pure Storage from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Wells Fargo & Company boosted their target price on shares of Pure Storage from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Barclays upped their target price on shares of Pure Storage from $56.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. Finally, Needham & Company LLC boosted their price objective on shares of Pure Storage from $62.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.95.

Insiders Place Their Bets

In other Pure Storage news, CAO Mona Chu sold 8,311 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $62.16, for a total value 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 $4,207,050.96. This 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 available through the SEC website. Also, insider Ajay Singh sold 19,972 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 262,144 shares in the company, valued at approximately $16,142,827.52. This represents a 7.08 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,178 shares of company stock worth $8,871,746. Company insiders own 6.00% of the company’s stock.

About Pure Storage

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.