Integrity Alliance LLC. Makes New $591,000 Investment in Everpure, Inc. $P

Integrity Alliance LLC. acquired a new position in shares of Everpure, Inc. (NYSE:P) during the 4th quarter, Holdings Channel reports. The fund acquired 8,818 shares of the company’s stock, valued at approximately $591,000.

Other large investors also recently added to or reduced their stakes in the company. Winnow Wealth LLC bought a new stake in Everpure during the third quarter worth approximately $26,000. Provenance Wealth Advisors LLC bought a new stake in Everpure during the third quarter worth approximately $27,000. Salomon & Ludwin LLC increased its stake in Everpure by 108.2% during the fourth quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock worth $27,000 after acquiring an additional 199 shares during the last quarter. Foster Dykema Cabot & Partners LLC bought a new stake in Everpure during the third quarter worth approximately $28,000. Finally, Sunbelt Securities Inc. increased its stake in Everpure by 287.1% during the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after acquiring an additional 244 shares during the last quarter. 83.42% of the stock is owned by institutional investors.

Key Stories Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure reported Q1 earnings of $0.47 per share, ahead of the $0.40 consensus, with revenue of $1.05 billion also topping estimates and rising 35.2% year over year. Everpure (P) Tops Q1 Earnings and Revenue Estimates
• Positive Sentiment: Management said AI-led storage demand, enterprise wins, and subscription growth helped drive the quarter, reinforcing the growth story for Everpure’s data storage business. Everpure Q1 Earnings Beat on Strong AI-Led Storage Demand, Sales Jump Y/Y
• Positive Sentiment: Several analysts responded favorably after the report, including JPMorgan raising its price target to $92 and Needham reiterating a buy rating with a $100 target, suggesting Wall Street sees continued upside. Analyst rating updates
• Neutral Sentiment: The company’s full-year revenue guidance came in above expectations, but next-quarter revenue guidance disappointed, which helped explain the stock’s volatility after earnings. P Q1 Deep Dive: Supply Chain Dynamics and Pricing Power Shape Results and Guidance
• Negative Sentiment: Investors were also disappointed by weaker free cash flow and cautious near-term guidance, which triggered a sharp post-earnings pullback despite the beat. Everpure beats on revenue and earnings but free cash flow drop sends shares lower

Everpure Stock Up 8.6%

Shares of NYSE P opened at $79.31 on Friday. The company has a market capitalization of $26.21 billion, a P/E ratio of 120.17, a PEG ratio of 5.38 and a beta of 1.44. Everpure, Inc. has a 52-week low of $50.20 and a 52-week high of $100.59.

Everpure (NYSE:P) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $997.88 million. Everpure had a return on equity of 15.97% and a net margin of 5.75%.Everpure’s quarterly revenue was up 35.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 earnings per share. Analysts anticipate that Everpure, Inc. will post 0.72 EPS for the current year.

Analyst Upgrades and Downgrades

P has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of Everpure in a research note on Thursday. JPMorgan Chase & Co. upped their target price on Everpure from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday. William Blair reaffirmed an “outperform” rating on shares of Everpure in a research note on Thursday. Northland Securities set a $90.00 target price on Everpure in a research note on Thursday. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Everpure in a research note on Thursday. Thirteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Everpure presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.32.

Insider Activity

In related news, insider John Colgrove sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $85.93, for a total value of $17,186,000.00. Following the completion of the sale, the insider owned 6,625,221 shares in the company, valued at approximately $569,305,240.53. The trade was a 2.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 534,265 shares of company stock valued at $41,321,234 in the last ninety days. 5.10% of the stock is currently owned by insiders.

Everpure 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.