Knollwood Investment Advisory LLC Takes $418,000 Position in Everpure, Inc. $P

Knollwood Investment Advisory LLC acquired a new stake in shares of Everpure, Inc. (NYSE:P) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,300 shares of the company’s stock, valued at approximately $418,000.

A number of other large investors also recently bought and sold shares of P. Sunbelt Securities Inc. boosted its position in Everpure by 287.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after acquiring an additional 244 shares in the last quarter. Banque Transatlantique SA bought a new position in shares of Everpure in the 3rd quarter worth $29,000. Continuum Advisory LLC purchased a new stake in shares of Everpure during the 2nd quarter worth $29,000. Greenline Wealth Management LLC purchased a new stake in shares of Everpure during the 4th quarter worth $32,000. Finally, Reflection Asset Management bought a new stake in Everpure during the fourth quarter valued at about $32,000. Institutional investors own 83.42% of the company’s stock.

Everpure Stock Performance

Everpure stock opened at $97.98 on Friday. The company has a 50-day simple moving average of $87.26. Everpure, Inc. has a one year low of $56.78 and a one year high of $119.10. The stock has a market capitalization of $32.57 billion, a PE ratio of 134.22, a PEG ratio of 3.72 and a beta of 1.43.

Everpure (NYSE:P) last issued its quarterly earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.51. Everpure had a return on equity of 19.06% and a net margin of 5.94%.The business had revenue of $1.19 billion during the quarter. Everpure’s revenue was up 37.7% compared to the same quarter last year. Equities research analysts predict that Everpure, Inc. will post 0.96 EPS for the current fiscal year.

Insider Activity at Everpure

In other Everpure news, insider Ajay Singh sold 9,787 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $78.12, for a total transaction of $764,560.44. Following the sale, the insider owned 340,939 shares of the company’s stock, valued at approximately $26,634,154.68. The trade was a 2.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew Brown sold 4,735 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $72.57, for a total transaction of $343,618.95. Following the sale, the director directly owned 27,683 shares in the company, valued at approximately $2,008,955.31. This represents a 14.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 817,520 shares of company stock valued at $77,276,792 over the last 90 days. Company insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

P has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Everpure in a research note on Friday, July 17th. Citigroup increased their price target on shares of Everpure from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. DA Davidson set a $100.00 price target on shares of Everpure in a report on Wednesday, July 1st. Lake Street Capital reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Everpure in a research report on Thursday, August 27th. Finally, Barclays boosted their price objective on shares of Everpure from $84.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, August 28th. Seventeen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Everpure has a consensus rating of “Moderate Buy” and a consensus target price of $129.10.

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.