PSTG - Massive Insider Trade At Pure Storage | Benzinga
Making a noteworthy insider sell on June 20, Mona Chu, Chief Accounting Officer at Pure Storage (NYSE:PSTG), is reported in the latest SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that Chu sold 10,000 shares of Pure Storage. The total transaction amounted to $701,100.
Pure Storage shares are trading down 2.46% at $64.34 at the time of this writing on Friday morning.
Get to Know Pure Storage Better
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's Economic Impact: An Analysis
Revenue Growth: Pure Storage's remarkable performance in 3 months is evident. As of 30 April, 2024, the company achieved an impressive revenue growth rate of 17.68%. This signifies ...