Director Roxanne Taylor Sells 16,216 Shares of Pure Storage Inc (PSTG)
On December 19, 2023, Roxanne Taylor, a director at Pure Storage Inc (NYSE:PSTG), sold 16,216 shares of the company's stock, according to a recent SEC Filing. Pure Storage Inc is a technology company that provides data storage solutions designed to enable the widespread adoption of flash storage in the enterprise and cloud environments.
Over the past year, the insider has sold a total of 35,371 shares and has not made any purchases of the company's stock.
Insider Trends
The transaction history for insiders at Pure Storage Inc indicates a pattern of sales over the past year, with 16 insider sells and no insider buys recorded.
Valuation
On the date of the insider's recent sale, shares of Pure Storage Inc were trading at $37.05, resulting in a market cap of $11.39 billion.
The company's price-earnings ratio stands at 189.79, which is above the industry median of 22.64 but below the companys historical median price-earnings ratio.
With the current share price of $37.05 and a GuruFocus Value of $30.74, Pure Storage Inc has a price-to-GF-Value ratio of 1.21, indicating that the stock is considered Modestly Overvalued according to the GF Value metric.
The GF Value is calculated by GuruFocus and takes into account historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.
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.
This article first appeared on GuruFocus.
