PSTG - Pure Storage Chief Financial Officer Sold $911K In Company Stock | Benzinga
It was reported on July 9, that Kevan Krysler, Chief Financial Officer at Pure Storage (NYSE:PSTG) executed a significant insider sell, according to an SEC filing.
What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday, Krysler sold 14,296 shares of Pure Storage. The total transaction value is $911,941.
As of Wednesday morning, Pure Storage shares are up by 1.23%, currently priced at $66.69.
Delving into Pure Storage's Background
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
Revenue Growth: Over the 3 months period, Pure Storage showcased positive performance, achieving a revenue growth rate of 17.68% as of 30 April, 2024. This ...