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Insider Sale at Pure Storage (PSTG) Continues Selling Trend

· 02/04/2021 17:36

10:19 PM EST, 02/04/2021 (MT Newswires) -- A filing with the SEC today disclosed a notable insider sale of Pure Storage shares as -- Scott Dietzen, Director -- sold 310,000 shares in the company having a market value of approximately $7,303,351. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 918,694 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,228,694 shares and have averaged 409,565 shares per transaction over this time period.

The number of insider buy/sell trades at Pure Storage is greater than the 9 peer company average over the last 90-day period. The Storage Devices peer group saw 8 buy/sell trades during this period for an average of 0.9 transactions per company. The number of shares per buy/sell trade for Pure Storage insiders was also higher. Within the peer group there were 15,000 shares purchased and 934,694 shares sold with company insiders selling 114,962 shares on average.

The data used in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.