PSTG - Insider Selling: Pure Storage Inc Unloads $396K Of Pure Storage Stock | Benzinga
On April 9, a recent SEC filing unveiled that Pure Storage Inc, Director at Pure Storage (NYSE:PSTG) made an insider sell.
What Happened: Inc's decision to sell 7,500 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 $396,000.
In the Wednesday's morning session, Pure Storage's shares are currently trading at $51.49, experiencing a down of 2.35%.
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
Negative Revenue Trend: Examining Pure Storage's financials over 3 months reveals challenges. As of 31 January, 2024, the company experienced a decline of approximately -2.52% in revenue growth, reflecting ...