PSTG - Director Of Pure Storage Sold $7.86M In Stock | Benzinga
Disclosed on April 16, Scott Dietzen, Director at Pure Storage (NYSE:PSTG), executed a substantial insider sell as per the latest SEC filing.
What Happened: Dietzen's decision to sell 147,000 shares of Pure Storage was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The total value of the sale is $7,863,030.
During Wednesday's morning session, Pure Storage shares up by 0.36%, currently priced at $53.5.
All You Need to Know About Pure Storage
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.
Unraveling the Financial Story of Pure Storage
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 ...