PSTG - Board Member At Pure Storage Sells $1.98M Of Stock | Benzinga
Roxanne Taylor, Board Member at Pure Storage (NYSE:PSTG), reported an insider sell on April 8, according to a new SEC filing.
What Happened: After conducting a thorough analysis, Taylor sold 36,860 shares of Pure Storage. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Monday. The total transaction value is $1,981,593.
During Tuesday's morning session, Pure Storage shares down by 0.52%, currently priced at $53.47.
Discovering Pure Storage: A Closer Look
Pure Storage Inc is a U.S.-based company that provides an enterprise data storage platform that transforms business through a dramatic increase in performance and reduction in complexity and costs. It generates revenue from two sources: product revenue which includes the sale of integrated storage hardware and embedded operating system software and; subscription services revenue which includes Evergreen Storage subscriptions, a unified subscription which includes Pure as-a-Service, and Cloud Block Store, and Portworx. Subscription services revenue also includes professional services offerings such as installation and implementation consulting services.
Pure Storage: A Financial Overview
Decline in Revenue: Over the 3 months period, Pure Storage faced challenges, resulting in a decline of approximately -2.52% in revenue growth as of 31 January, 2024. This ...