PSTG - Sell Alert: Roxanne Taylor Cashes Out $591K In Pure Storage Stock | Benzinga
Disclosed on June 20, Roxanne Taylor, Board Member at Pure Storage (NYSE:PSTG), executed a substantial insider sell as per the latest SEC filing.
What Happened: Taylor's decision to sell 8,543 shares of Pure Storage was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value of the sale is $591,517.
In the Friday's morning session, Pure Storage's shares are currently trading at $64.5, experiencing a down of 2.21%.
Unveiling the Story Behind 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.
Breaking Down Pure Storage's Financial Performance
Positive Revenue Trend: Examining Pure Storage's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 17.68% as ...