Everpure (NYSE:P) Insider Sells $2,192,123.48 in Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 29,108 shares of Everpure stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $75.31, for a total transaction of $2,192,123.48. Following the completion of the transaction, the insider owned 467,694 shares in the company, valued at approximately $35,222,035.14. This represents a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 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 shares were 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 shares were 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 shares were 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.
• 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 transaction of $1,179,810.40.

Everpure Trading Up 2.6%

NYSE P opened at $78.04 on Friday. The firm has a market capitalization of $25.79 billion, a price-to-earnings ratio of 141.90, a price-to-earnings-growth ratio of 5.83 and a beta of 1.44. Everpure, Inc. has a one year low of $48.31 and a one year high of $100.59.

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

Institutional Trading of Everpure

Several institutional investors and hedge funds have recently modified their holdings of the business. Bigelow Investment Advisors LLC purchased a new stake in shares of Everpure in the first quarter valued at about $231,000. Janney Montgomery Scott LLC lifted its holdings in shares of Everpure by 46.0% in the first quarter. Janney Montgomery Scott LLC now owns 28,138 shares of the company’s stock valued at $1,661,000 after purchasing an additional 8,861 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of 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 in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Everpure in the first quarter valued at about $5,367,000. Finally, Fiduciary Alliance LLC lifted its holdings in shares of 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 in the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on P. Northland Securities upgraded shares of Everpure from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $77.00 to $81.00 in a research note on Monday, March 9th. Piper Sandler reiterated a “buy” rating on shares of Everpure in a research note on Thursday, February 26th. Wall Street Zen upgraded shares of Everpure from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings began coverage on shares of Everpure in a research note on Monday, April 20th. They set a “hold (c)” rating on the stock. Finally, Barclays boosted their price target on shares of Everpure from $77.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 26th. Thirteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Everpure presently has an average rating of “Moderate Buy” and an average target price 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.