Asahi shares mark weekly slide after cyberattack halts production
Pure Storage Inc. (NASDAQ:PSTG) Chief Accounting Officer Mona Chu sold 9,091 shares of Class A Common Stock on October 1, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $84.91, for a total transaction value of approximately $771,916. The prices for the sale ranged from $84.91 to $84.92. The sale comes as Pure Storage trades near its 52-week high of $89.09, having delivered an impressive 89% return over the past six months. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value.
Following the transaction, Chu directly owns 107,353 shares of Pure Storage. The company, now valued at $28 billion, has shown strong momentum with multiple positive InvestingPro indicators, including robust financial health and expected net income growth. For detailed insights and 15+ additional ProTips about Pure Storage, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Pure Storage has been the focus of several analyst evaluations following its recent events and meetings. Guggenheim has reaffirmed its Buy rating on Pure Storage, raising its price target to $105, citing the company’s total cost of ownership advantages and its Enterprise Data Cloud platform, which is fostering more strategic conversations at the executive level. Needham also increased its price target for Pure Storage to $100, maintaining a Buy rating, after the company announced a significant expansion of its Enterprise Data Cloud offering during a meeting for financial analysts.
Conversely, UBS has maintained a Sell rating with a $55 price target, expressing reservations about the company’s cloud revenue potential despite recognizing some opportunities with major clients like Meta. Evercore ISI raised its price target to $90, maintaining an Outperform rating, and emphasized Pure Storage’s strategy to modernize enterprise storage architecture through its Purity operating system and Fusion. These developments reflect varying perspectives on Pure Storage’s growth potential and strategic direction.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.