Pure Storage director Murphy sells $391k in shares

Director John Francis Murphy of Pure Storage, Inc. (NASDAQ:NYSE:PSTG) sold 6,959 shares of Class A Common Stock on July 11, 2025, for approximately $390,887. Pure Storage, with a market capitalization of $17.8 billion, has shown strong momentum with a "GOOD" financial health rating according to InvestingPro analysis.

The shares were sold at prices ranging from $56.14 to $56.17 per share. Following the transaction, Murphy directly owns 19,706 shares of Pure Storage. While this insider sale occurred, it’s worth noting that management has been actively buying back shares, according to InvestingPro data, which shows 13 additional key insights about the company’s valuation and growth prospects.

The sale was reported in a Form 4 filing with the Securities and Exchange Commission. Based on current metrics, Pure Storage appears to be trading above its Fair Value, with multiple valuation indicators suggesting premium pricing.

In other recent news, Pure Storage has appointed Tarek Robbiati as its new Chief Financial Officer, bringing over 25 years of experience in the technology sector. This leadership change follows the departure of Kevan Krysler, who served as CFO for more than five years. Pure Storage also introduced its Enterprise Data Cloud platform, aimed at simplifying data management across various environments, and announced enhancements in security and workflow orchestration. The company unveiled next-generation storage products designed for high-performance workloads, including the FlashArray//XL R5 and FlashBlade//S R2, which promise significant improvements in input/output operations and capacity.

Analyst firms have shown confidence in Pure Storage, with Piper Sandler raising its price target to $66 and maintaining an Overweight rating, citing the company’s strong business trajectory and ongoing projects with major clients like Meta (NASDAQ:META). Citi also reaffirmed its Buy rating and $65 target, highlighting Pure Storage’s 12% year-over-year revenue growth and significant traction in its Storage-as-a-Service offering. The company’s E-family solutions and AI-focused FlashBlade//E product have been pivotal in driving this growth. Pure Storage’s fiscal year 2026 guidance remains optimistic, with expectations of stable product and subscription margins despite macroeconomic uncertainties.

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