Insider Selling: Everpure (NYSE:P) Insider Sells $7,982,000.00 in Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 100,000 shares of the company’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $79.82, for a total value of $7,982,000.00. Following the sale, the insider owned 2,565,000 shares in the company, valued at approximately $204,738,300. The trade was a 3.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, June 12th, John Colgrove sold 99,900 shares of Everpure stock. The stock was sold at an average price of $71.04, for a total value of $7,096,896.00.
• On Wednesday, June 10th, John Colgrove sold 100 shares of Everpure stock. The stock was sold at an average price of $70.00, for a total transaction of $7,000.00.
• On Tuesday, June 2nd, John Colgrove sold 10,280 shares of Everpure stock. The stock was sold at an average price of $85.32, for a total transaction of $877,089.60.
• On Monday, May 11th, John Colgrove sold 200,000 shares of Everpure stock. The stock was sold at an average price of $85.93, for a total transaction of $17,186,000.00.
• On Thursday, May 7th, John Colgrove sold 29,108 shares of Everpure stock. The shares were sold at an average price of $75.31, for a total transaction of $2,192,123.48.
• On Wednesday, May 6th, John Colgrove sold 27,578 shares of Everpure stock. The shares were sold at an average price of $75.01, for a total transaction of $2,068,625.78.
• On Tuesday, May 5th, John Colgrove sold 77,579 shares of Everpure stock. The stock was sold at an average price of $75.12, for a total transaction of $5,827,734.48.
• On Friday, April 24th, John Colgrove sold 28,935 shares of Everpure stock. The stock was sold at an average price of $70.01, for a total transaction of $2,025,739.35.
• On Thursday, April 23rd, John Colgrove sold 71,959 shares of Everpure stock. The stock was 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 Trading Up 2.1%

P stock traded up $1.57 during mid-day trading on Tuesday, reaching $76.93. 2,344,114 shares of the company traded hands, compared to its average volume of 3,385,681. The company has a 50 day simple moving average of $77.25. The firm has a market cap of $25.57 billion, a PE ratio of 116.56, a price-to-earnings-growth ratio of 4.49 and a beta of 1.45. Everpure, Inc. has a fifty-two week low of $53.43 and a fifty-two week high of $100.59.

Everpure (NYSE:P) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $997.88 million. During the same period in the prior year, the business posted $0.29 earnings per share. The company’s quarterly revenue was up 35.2% compared to the same quarter last year. On average, equities analysts predict that Everpure, Inc. will post 0.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bigelow Investment Advisors LLC purchased a new stake in shares of Everpure during the 1st quarter worth approximately $231,000. Janney Montgomery Scott LLC raised its holdings in shares of Everpure by 46.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 28,138 shares of the company’s stock worth $1,661,000 after purchasing an additional 8,861 shares during the period. Pictet Asset Management Holding SA lifted its stake in Everpure by 22.9% in the first quarter. Pictet Asset Management Holding SA now owns 157,702 shares of the company’s stock valued at $9,302,000 after purchasing an additional 29,386 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in Everpure in the first quarter valued at approximately $5,367,000. Finally, Fiduciary Alliance LLC lifted its stake in Everpure by 23.9% in the first quarter. Fiduciary Alliance LLC now owns 13,875 shares of the company’s stock valued at $900,000 after purchasing an additional 2,675 shares during the last quarter. 83.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. William Blair restated an “outperform” rating on shares of Everpure in a research note on Thursday, May 28th. Wedbush upped their target price on shares of Everpure from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. TD Cowen reiterated a “buy” rating on shares of Everpure in a research note on Wednesday, July 1st. Citigroup downgraded shares of Everpure from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a report on Thursday, May 14th. Finally, Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of Everpure in a research report on Thursday, May 28th. Thirteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $96.50.

About Everpure

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.