Everpure (NYSE:P) Insider Sells $877,089.60 in Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 10,280 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $85.32, for a total value of $877,089.60. Following the completion of the sale, the insider owned 6,614,941 shares of the company’s stock, valued at $564,386,766.12. This trade represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, May 11th, John Colgrove sold 200,000 shares of Everpure stock. The shares were sold at an average price of $85.93, for a total value 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 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 8.0%

Shares of NYSE P opened at $72.19 on Friday. The firm has a market capitalization of $23.86 billion, a price-to-earnings ratio of 109.39, a P/E/G ratio of 5.12 and a beta of 1.44. Everpure, Inc. has a fifty-two week low of $50.20 and a fifty-two week high of $100.59.

Everpure (NYSE:P) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $997.88 million. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The company’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 EPS. As a group, equities research analysts forecast that Everpure, Inc. will post 0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on P. UBS Group lifted their price objective on Everpure from $63.00 to $70.00 and gave the company a “sell” rating in a report on Thursday, May 28th. Piper Sandler reissued an “overweight” rating on shares of Everpure in a report on Thursday, May 28th. Morgan Stanley boosted their price target on Everpure from $84.00 to $87.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. boosted their price target on Everpure from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Finally, Guggenheim boosted their price target on Everpure from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Thirteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $96.32.

Hedge Funds Weigh In On Everpure

Institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC grew its position in Everpure by 40.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 468 shares of the company’s stock worth $39,000 after acquiring an additional 134 shares during the last quarter. One Capital Management LLC grew its position in Everpure by 1.0% during the 3rd quarter. One Capital Management LLC now owns 14,750 shares of the company’s stock worth $1,236,000 after acquiring an additional 141 shares during the last quarter. Rothschild Investment LLC grew its position in Everpure by 18.1% during the 4th quarter. Rothschild Investment LLC now owns 993 shares of the company’s stock worth $67,000 after acquiring an additional 152 shares during the last quarter. State of Wyoming grew its position in Everpure by 10.3% during the 3rd quarter. State of Wyoming now owns 1,673 shares of the company’s stock worth $140,000 after acquiring an additional 156 shares during the last quarter. Finally, GraniteShares Advisors LLC grew its position in Everpure by 2.3% during the 4th quarter. GraniteShares Advisors LLC now owns 6,918 shares of the company’s stock worth $464,000 after acquiring an additional 157 shares during the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

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.