New insider activity at Pure Storage ( (PSTG) ) has taken place on September 12, 2025.
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Chief Product Officer Ajay Singh recently sold 18,280 shares of Pure Storage stock, amounting to a total transaction value of $1,505,906.
Recent Updates on PSTG stock
Pure Storage Inc. recently held its Q2 earnings call, reporting a 13% increase in revenue year-over-year to $861 million, driven by strong client engagements, notably with Meta, and a 15% growth in subscription services revenue. The company raised its fiscal year 2026 revenue guidance, reflecting confidence in its strategic direction despite challenges in forecasting product versus subscription mixes and the limited impact of hyperscaler revenue. The positive outlook is supported by international revenue growth, strategic partnerships, and innovations like the Enterprise Data Cloud. However, the macroeconomic environment remains uncertain, which could impact future performance.
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: 31.96%
Average Trading Volume: 2,976,886
Technical Sentiment Signal: Buy
Current Market Cap: $27.1B