Insider Selling: Everpure (NYSE:P) Insider Sells $17,186,000.00 in Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 200,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $85.93, for a total value of $17,186,000.00. Following the sale, the insider owned 6,625,221 shares of the company’s stock, valued at approximately $569,305,240.53. The trade was a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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, 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 value 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 value of $2,068,625.78.
• On Tuesday, May 5th, John Colgrove sold 77,579 shares of Everpure stock. The shares were sold at an average price of $75.12, for a total value of $5,827,734.48.
• On Friday, April 24th, John Colgrove sold 28,935 shares of Everpure stock. The shares were sold at an average price of $70.01, for a total value of $2,025,739.35.
• 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 value 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 value of $5,799,753.00.
• On Tuesday, April 21st, John Colgrove sold 16,840 shares of Everpure stock. The shares were sold at an average price of $70.06, for a total value of $1,179,810.40.

Everpure Stock Down 3.1%

NYSE:P opened at $81.23 on Friday. Everpure, Inc. has a fifty-two week low of $50.20 and a fifty-two week high of $100.59. The firm has a market cap of $26.84 billion, a PE ratio of 147.70, a P/E/G ratio of 6.27 and a beta of 1.44.

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

Hedge Funds Weigh In On Everpure

Several large investors have recently bought and sold shares of P. Integrated Wealth Concepts LLC bought a new position in shares of Everpure during the first quarter worth about $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Everpure by 129.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock worth $387,000 after acquiring an additional 4,926 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Everpure by 109.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock worth $50,377,000 after acquiring an additional 595,307 shares during the last quarter. Empowered Funds LLC raised its position in shares of Everpure by 4.2% during the first quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock worth $212,000 after acquiring an additional 194 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Everpure by 261.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock worth $184,000 after acquiring an additional 2,316 shares during the last quarter. 83.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

P has been the topic of several research analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Everpure in a research note on Monday, February 23rd. Barclays raised their price objective on Everpure from $77.00 to $81.00 and gave the company an “equal weight” rating in a research note on Thursday, February 26th. Citigroup lowered Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a research note on Thursday. Northland Securities raised Everpure from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $77.00 to $81.00 in a research note on Monday, March 9th. Finally, Wells Fargo & Company reduced their price objective on Everpure from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Twelve analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Everpure presently has an average rating of “Moderate Buy” and a consensus price target of $93.21.

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.