It was reported on December 21, that Roxanne Taylor, Director 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 Thursday, Taylor sold 16,216 shares of Pure Storage. The total transaction value is $600,802.
At Friday morning, Pure Storage shares are down by 0.25%, trading at $35.97.
Delving into Pure Storage's Background
Pure Storage Inc is a US-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
Revenue Growth: Pure Storage displayed positive results in 3 months. As of 31 October, 2023, the company achieved a solid revenue growth rate of approximately 12.84%. This indicates a notable ...