John Colgrove Sells 16,840 Shares of Everpure (NYSE:P) Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 16,840 shares of the business’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $70.06, for a total transaction of $1,179,810.40. Following the completion of the transaction, the insider owned 94,391 shares of the company’s stock, valued at $6,613,033.46. This represents a 15.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Colgrove also recently made the following trade(s):

• On Thursday, April 23rd, John Colgrove sold 71,959 shares of Everpure stock. The shares were sold at an average price of $70.06, for a total transaction of $5,041,447.54.
• On Wednesday, April 22nd, John Colgrove sold 82,266 shares of Everpure stock. The shares were sold at an average price of $70.50, for a total transaction of $5,799,753.00.

Everpure Stock Up 0.9%

Shares of P traded up $0.63 during mid-day trading on Thursday, hitting $69.99. 2,607,278 shares of the company traded hands, compared to its average volume of 3,334,796. Everpure, Inc. has a 1-year low of $43.08 and a 1-year high of $100.59. The company has a market cap of $23.13 billion, a P/E ratio of 127.26, a price-to-earnings-growth ratio of 5.16 and a beta of 1.34.

Everpure (NYSE:P) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.04. Everpure had a net margin of 5.14% and a return on equity of 14.36%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, research analysts anticipate that Everpure, Inc. will post 0.72 EPS for the current fiscal year.

Institutional Investors Weigh In On Everpure

Several hedge funds have recently bought and sold shares of P. Winnow Wealth LLC purchased a new stake in Everpure in the 3rd quarter worth approximately $26,000. Provenance Wealth Advisors LLC purchased a new stake in Everpure in the 3rd quarter worth approximately $27,000. Salomon & Ludwin LLC boosted its position in Everpure by 108.2% in the 4th quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock worth $27,000 after purchasing an additional 199 shares in the last quarter. Foster Dykema Cabot & Partners LLC purchased a new stake in Everpure in the 3rd quarter worth approximately $28,000. Finally, Sunbelt Securities Inc. boosted its position in Everpure by 287.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after purchasing an additional 244 shares in the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wedbush reissued an “outperform” rating and issued a $100.00 price objective on shares of Everpure in a report on Monday, February 23rd. Barclays raised their price target on shares of Everpure from $77.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. Piper Sandler reaffirmed a “buy” rating on shares of Everpure in a report on Thursday, February 26th. Wells Fargo & Company reduced their target price on shares of Everpure from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Everpure from $105.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Thirteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Everpure presently has a consensus rating of “Moderate Buy” and an average price target of $93.21.

Everpure Company Profile

Pure Storage, Inc provides data storage technologies, products, and services in the United States and internationally. The company’s Purity software is shared across its products and provides enterprise-class data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. Its products portfolio includes FlashArray for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; FlashArray//XL; and FlashArray//C, an all-QLC flash array.