Susquehanna analyst Mehdi Hosseini maintained a Hold rating on Pure Storage Inc (NYSE: PSTG) on May 15 and set a price target of $22. The company’s shares closed yesterday at $23.59, close to its 52-week high of $23.85.
According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 14.8% and a 55.2% success rate. Hosseini covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Universal Display, and Kla-Tencor Corp.
Pure Storage Inc has an analyst consensus of Strong Buy, with a price target consensus of $24.25.
See today’s analyst top recommended stocks >>
Based on Pure Storage Inc’s latest earnings release for the quarter ending January 31, the company reported a quarterly GAAP net loss of $11.88 million. In comparison, last year the company had a GAAP net loss of $62.37 million.
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Pure Storage, Inc. engages in the provision of flash-based storage solutions. Its technology replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory. The company was founded by John Hayes and John Colgrove in October 2009 and is headquartered in Mountain View, CA.