Susan J.S. Taylor Sells 8,543 Shares of Everpure (NYSE:P) Stock

Everpure, Inc. (NYSE:P) Director Susan J.S. Taylor sold 8,543 shares of the company’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $81.74, for a total transaction of $698,304.82. Following the transaction, the director owned 94,608 shares of the company’s stock, valued at approximately $7,733,257.92. This represents a 8.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Everpure Stock Performance

Shares of NYSE P opened at $76.93 on Wednesday. The company has a market cap of $25.57 billion, a P/E ratio of 116.56, a P/E/G ratio of 4.26 and a beta of 1.45. Everpure, Inc. has a 52-week low of $53.43 and a 52-week high of $100.59. The company has a fifty day moving average of $77.29.

Everpure (NYSE:P) last released its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.40 by $0.07. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The business’s revenue was up 35.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 EPS. As a group, equities analysts anticipate that Everpure, Inc. will post 0.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Weiss Ratings started coverage on Everpure in a report on Monday, April 20th. They set a “hold (c)” rating for the company. Citigroup cut Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a report on Thursday, May 14th. Guggenheim increased their target price on Everpure from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Lake Street Capital raised their target price on shares of Everpure from $90.00 to $94.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, Wedbush boosted their price target on shares of Everpure from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Thirteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Everpure currently has a consensus rating of “Moderate Buy” and an average price target of $96.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC bought a new stake in shares of Everpure in the 1st quarter valued at approximately $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Everpure by 129.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock valued at $387,000 after purchasing an additional 4,926 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Everpure by 109.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock valued at $50,377,000 after buying an additional 595,307 shares during the period. Empowered Funds LLC raised its holdings in Everpure by 4.2% during the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock valued at $212,000 after buying an additional 194 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Everpure by 261.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock worth $184,000 after buying an additional 2,316 shares during the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

More Everpure News

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Shares rose after reports that IBM’s revenue warning pointed to enterprise IT budgets shifting aggressively toward server and memory purchases, which helped lift Everpure along with other storage and infrastructure names. Everpure and NetApp Stocks Trade Up, What You Need To Know
• Positive Sentiment: Everpure already has solid fundamental momentum from its last earnings report, beating EPS and revenue estimates and posting 35.2% year-over-year revenue growth, which supports the stock’s higher valuation.
• Neutral Sentiment: Analysts remain generally constructive, with a consensus “Moderate Buy” rating and an average price target of $96.50, suggesting Wall Street still sees upside from current levels.
• Negative Sentiment: Recent insider selling by Director Susan J. S. Taylor and insider John Colgrove may weigh on sentiment, as both disclosed notable share sales over the past few days. Everpure (NYSE:P) Director Sells $698,304.82 in 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.