Everpure (NYSE:P) Insider Sells $7,096,896.00 in Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 99,900 shares of Everpure stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $71.04, for a total value of $7,096,896.00. Following the sale, the insider owned 2,615,000 shares of the company’s stock, valued at approximately $185,769,600. This trade represents a 3.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 Wednesday, June 10th, John Colgrove sold 100 shares of Everpure stock. The shares were sold at an average price of $70.00, for a total value of $7,000.00.
• On Tuesday, June 2nd, John Colgrove sold 10,280 shares of Everpure stock. The shares were sold at an average price of $85.32, for a total value of $877,089.60.
• 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 Performance

Shares of NYSE P opened at $72.40 on Monday. The stock has a market cap of $24.07 billion, a P/E ratio of 109.70, a PEG ratio of 4.09 and a beta of 1.44. Everpure, Inc. has a 1-year low of $50.20 and a 1-year 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 analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $1.05 billion for 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%.Everpure’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same period last year, the firm posted $0.29 EPS. As a group, equities analysts expect that Everpure, Inc. will post 0.92 earnings per share for the current year.

Institutional Investors Weigh In On Everpure

Several hedge funds and other institutional investors have recently added to or reduced their stakes in P. Provenance Wealth Advisors LLC bought a new position in shares of Everpure during the third quarter valued at $27,000. Salomon & Ludwin LLC grew its stake in shares of Everpure by 108.2% in the fourth quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock worth $27,000 after acquiring an additional 199 shares during the period. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Everpure in the third quarter worth approximately $28,000. Sunbelt Securities Inc. grew its stake in shares of Everpure by 287.1% in the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after acquiring an additional 244 shares during the period. Finally, Assetmark Inc. grew its stake in shares of Everpure by 186.6% in the third quarter. Assetmark Inc. now owns 341 shares of the company’s stock worth $29,000 after acquiring an additional 222 shares during the period. 83.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Morgan Stanley lifted their price target on Everpure from $84.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Wall Street Zen upgraded Everpure from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of Everpure in a research report on Thursday, May 28th. Weiss Ratings assumed coverage on Everpure in a research report on Monday, April 20th. They issued a “hold (c)” rating on the stock. Finally, Citigroup lowered Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a research report on Thursday, May 14th. Thirteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $96.32.

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.