Pure Storage gives technologists their time back. Pure delivers a modern data experience that empowers organizations to run their operations as a true, automated, storage as-a-service model seamlessly across multiple clouds. One of the fastest-growing enterprise IT companies in history, Pure helps customers put data to use while reducing the complexity and expense of managing the infrastructure behind it. And with a certified customer satisfaction score in the top one percent of B2B companies, Pure's ever-expanding list of customers are among the happiest in the world.
Company profile
Ticker
PSTG
Exchange
Website
CEO
Charles Giancarlo
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Os76, Inc.
SEC CIK
Corporate docs
Subsidiaries
Portworx Inc. • Pure Crowns Sweden Holding AB • Pure Storage Australia Pty Ltd • Pure Storage Austria, GmbH • Pure Storage Belgium BVBA • Pure Storage do Brasil Solucoes e Servicos de Armazenamento de Dados Ltda • Pure Storage Canada Limited • Pure Storage Denmark ApS • Pure Storage Czech Republic s.r.o. • Pure Storage France SARL ...
PSTG stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Pure Storage Announces First Quarter Fiscal 2024 Financial Results
31 May 23
SD
Conflict minerals disclosure
30 May 23
ARS
2023 FY
Annual report to shareholders
5 May 23
DEFA14A
Additional proxy soliciting materials
5 May 23
DEF 14A
Definitive proxy
5 May 23
S-8
Registration of securities for employees
31 Mar 23
10-K
2023 FY
Annual report
31 Mar 23
8-K
Pure Storage Announces Fiscal Fourth Quarter and Full Year 2023 Financial Results
1 Mar 23
UPLOAD
Letter from SEC
16 Feb 23
CORRESP
Correspondence with SEC
6 Feb 23
Transcripts
PSTG
Earnings call transcript
2024 Q1
31 May 23
PSTG
Earnings call transcript
2023 Q4
1 Mar 23
PSTG
Earnings call transcript
2023 Q2
1 Sep 22
PSTG
Earnings call transcript
2023 Q1
2 Jun 22
PSTG
Earnings call transcript
2022 Q4
3 Mar 22
PSTG
Earnings call transcript
2022 Q3
24 Nov 21
PSTG
Earnings call transcript
2022 Q2
26 Aug 21
PSTG
Earnings call transcript
2022 Q1
27 May 21
PSTG
Earnings call transcript
2021 Q4
25 Feb 21
PSTG
Earnings call transcript
2021 Q3
24 Nov 20
Latest ownership filings
4
Mona Chu
5 Jun 23
144
Notice of proposed sale of securities
2 Jun 23
4
Roxanne Taylor
14 Apr 23
144
Notice of proposed sale of securities
13 Apr 23
4
Ajay Singh
22 Mar 23
4
P. Kevan Krysler
22 Mar 23
4
Charles H Giancarlo
22 Mar 23
4
Dan FitzSimons
22 Mar 23
4
John Colgrove
22 Mar 23
4
Mona Chu
22 Mar 23
Financial summary
| Quarter (USD) | Feb 23 | Nov 22 | Aug 22 | May 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Feb 23 | Feb 22 | Jan 21 | Feb 20 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 591.40 mm | 591.40 mm | 591.40 mm | 591.40 mm | 591.40 mm | 591.40 mm |
| Cash burn (monthly) | 71.69 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 297.84 mm | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 293.55 mm | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 4.1 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
80.4% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 393 |
| Opened positions | 47 |
| Closed positions | 84 |
| Increased positions | 157 |
| Reduced positions | 132 |
| 13F shares | Current |
|---|---|
| Total value | 6.31 tn |
| Total shares | 247.66 mm |
| Total puts | 2.00 mm |
| Total calls | 4.56 mm |
| Total put/call ratio | 0.4 |
| Largest owners | Shares | Value |
|---|---|---|
| FMR | 45.39 mm | $1.16 tn |
| Vanguard | 29.02 mm | $740.37 bn |
| BLK Blackrock | 15.61 mm | $398.13 bn |
| Champlain Investment Partners | 14.40 mm | $367.24 bn |
| T. Rowe Price | 14.09 mm | $358.65 bn |
| Atreides Management | 7.26 mm | $185.25 bn |
| Disciplined Growth Investors | 5.86 mm | $149.57 bn |
| BNP Paribas Asset Management Holding | 4.96 mm | $126.33 bn |
| STT State Street | 4.44 mm | $113.22 bn |
| Amundi | 4.14 mm | $104.81 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 Jun 23 | Mona Chu | Class A Common Stock | Sell | Dispose S | No | No | 34.3688 | 11,053 | 379.88 k | 162,991 |
| 13 Apr 23 | Taylor Roxanne | Class A Common Stock | Sell | Dispose S | No | No | 26.0814 | 19,155 | 499.59 k | 63,416 |
| 21 Mar 23 | Dan FitzSimons | Class A Common Stock | Sell | Dispose S | No | No | 24.4927 | 28,481 | 697.58 k | 192,530 |
| 20 Mar 23 | Mona Chu | Class A Common Stock | Payment of exercise | Dispose F | No | No | 24.05 | 2,751 | 66.16 k | 174,044 |
| 20 Mar 23 | John Colgrove | Class A Common Stock | Payment of exercise | Dispose F | No | No | 24.05 | 37,300 | 897.07 k | 8,035,626 |
| 20 Mar 23 | Dan FitzSimons | Class A Common Stock | Payment of exercise | Dispose F | No | No | 24.05 | 35,334 | 849.78 k | 221,011 |
News
Credit Suisse Maintains Outperform on Pure Storage, Raises Price Target to $42
2 Jun 23
Where Pure Storage Stands With Analysts
1 Jun 23
US Stocks Rebound, Dollar And Treasury Yields Decline As Traders Reassess Fed Policy And Welcome House Approval Of Debt Ceiling Bill
1 Jun 23
12 Information Technology Stocks Moving In Thursday's Intraday Session
1 Jun 23
Deutsche Bank Maintains Buy Rating for Pure Storage: Here's What You Need To Know
1 Jun 23
Press releases
Thinking about trading options or stock in Mongodb, Pure Storage, Salesforce, Upstart, or Trade Desk?
2 Jun 23
Thinking about trading options or stock in Veeva Systems, Pure Storage, Alteryx, NetApp, or Chevron?
1 Jun 23
Pure Storage Announces First Quarter Fiscal 2024 Financial Results
31 May 23
Pure Storage Announces Date and Conference Call Information for First Quarter Fiscal 2024 Financial Results
10 May 23
New Pure Storage Survey Underscores Importance of IT Modernization to Support New Technology Initiatives
9 May 23