Pure Storage (NYSE:PSTG) Shares Acquired Rep. Lisa C. McClain

Representative Lisa C. McClain (R-Michigan) recently bought shares of Pure Storage, Inc. (NYSE:PSTG). In a filing disclosed on August 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Pure Storage stock on June 17th. The trade occurred in the Representative’s “CHARLES SCHWAB BROKERAGE ACCOUNT 924” account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Autoliv (NYSE:ALV) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Applied Materials (NASDAQ:AMAT) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Arthur J. Gallagher & Co. (NYSE:AJG) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of SAP (NYSE:SAP) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of XPO (NYSE:XPO) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of Lithia Motors (NYSE:LAD) on 7/22/2025.
• Sold $1,001 – $15,000 in shares of Sanofi (NASDAQ:SNY) on 7/22/2025.
• Sold $1,001 – $15,000 in shares of Waters (NYSE:WAT) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of Group 1 Automotive (NYSE:GPI) on 7/22/2025.

Pure Storage Stock Down 2.7%

Shares of NYSE:PSTG opened at $55.70 on Thursday. The firm has a market cap of $18.20 billion, a P/E ratio of 150.54, a P/E/G ratio of 5.44 and a beta of 1.07. Pure Storage, Inc. has a 12-month low of $34.51 and a 12-month high of $73.67. The business has a fifty day simple moving average of $56.32 and a 200 day simple moving average of $53.75.

Pure Storage (NYSE:PSTG) last announced its earnings results on Wednesday, May 28th. The technology company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.04. The business had revenue of $778.49 million during the quarter, compared to analyst estimates of $770.03 million. Pure Storage had a return on equity of 13.98% and a net margin of 3.93%.Pure Storage’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the company earned $0.32 EPS. Pure Storage has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities research analysts expect that Pure Storage, Inc. will post 0.44 EPS for the current year.

Hedge Funds Weigh In On Pure Storage

Hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its stake in Pure Storage by 22.6% during the 1st quarter. LPL Financial LLC now owns 118,368 shares of the technology company’s stock valued at $5,240,000 after purchasing an additional 21,812 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Pure Storage by 13.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 275,796 shares of the technology company’s stock valued at $12,209,000 after purchasing an additional 32,611 shares during the last quarter. D.A. Davidson & CO. boosted its stake in Pure Storage by 7.7% during the 1st quarter. D.A. Davidson & CO. now owns 7,000 shares of the technology company’s stock valued at $310,000 after purchasing an additional 500 shares during the last quarter. Fifth Third Bancorp boosted its stake in Pure Storage by 11.3% during the 1st quarter. Fifth Third Bancorp now owns 5,339 shares of the technology company’s stock valued at $236,000 after purchasing an additional 542 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in Pure Storage by 8.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 7,327 shares of the technology company’s stock valued at $324,000 after purchasing an additional 570 shares during the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insider Buying and Selling

In other Pure Storage news, insider Ajay Singh sold 22,601 shares of Pure Storage stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $55.45, for a total transaction of $1,253,225.45. Following the transaction, the insider owned 261,465 shares of the company’s stock, valued at $14,498,234.25. This trade represents a 7.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Dan Fitzsimons sold 6,000 shares of Pure Storage stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $51.65, for a total transaction of $309,900.00. Following the transaction, the executive directly owned 75,965 shares in the company, valued at approximately $3,923,592.25. This represents a 7.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 446,794 shares of company stock worth $26,641,913 over the last 90 days. Company insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Barclays decreased their price target on Pure Storage from $61.00 to $57.00 and set an “equal weight” rating for the company in a report on Thursday, May 29th. Evercore ISI raised their target price on Pure Storage from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 23rd. JPMorgan Chase & Co. reduced their target price on Pure Storage from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, May 29th. Wedbush restated an “outperform” rating and issued a $70.00 target price on shares of Pure Storage in a research note on Thursday, May 29th. Finally, Wall Street Zen upgraded Pure Storage from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Fourteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Pure Storage presently has an average rating of “Moderate Buy” and a consensus target price of $70.21.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan’s 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan’s 9th Congressional District. She declared candidacy for the 2026 election.

Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor’s degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

Pure Storage Company Profile

Pure Storage, Inc engages in the provision of data storage and management technologies, products, and services in the United States and internationally. Its Purity software is shared across its products and provides enterprise-class data services, such as always-on data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object.