Everpure (NYSE:P) Insider Ajay Singh Sells 18,267 Shares of Company Stock

Everpure, Inc. (NYSE:P) insider Ajay Singh sold 18,267 shares of Everpure stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $155.24, for a total value of $2,835,769.08. Following the sale, the insider directly owned 270,095 shares of the company’s stock, valued at $41,929,547.80. This trade represents a 6.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Ajay Singh also recently made the following trade(s):

• On Thursday, September 24th, Ajay Singh sold 42,930 shares of Everpure stock. The shares were sold at an average price of $124.17, for a total value of $5,330,618.10.

Everpure Trading Down 5.9%

Shares of NYSE:P opened at $133.17 on Friday. Everpure, Inc. has a twelve month low of $56.78 and a twelve month high of $157.57. The stock has a 50 day simple moving average of $115.20. The firm has a market cap of $44.38 billion, a P/E ratio of 174.68, a PEG ratio of 4.72 and a beta of 1.39.

Everpure (NYSE:P) last posted its quarterly earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.51. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The company had revenue of $1.19 billion during the quarter. Everpure’s revenue was up 37.7% on a year-over-year basis. On average, research analysts anticipate that Everpure, Inc. will post 0.95 EPS for the current year.

Everpure News Summary

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure’s fiscal second-quarter results remain a fundamental support. Revenue surged 37.7% year over year to $1.19 billion, driven by enterprise-storage demand and subscription growth, while EPS of $0.70 beat the $0.19 consensus estimate. Everpure Revenues Surge 38% in Q2
• Positive Sentiment: Everpure was added to the Invesco S&P 500 Equal Weight ETF (RSP), which could provide incremental institutional demand and improve visibility. Invesco S&P 500 Equal Weight ETF Adds Everpure
• Neutral Sentiment: Analyst sentiment remains broadly favorable, with 17 Buy ratings, four Holds and one Sell, producing a “Moderate Buy” consensus. However, the average price target of $143.25 is below recent trading levels, suggesting limited near-term upside in analysts’ estimates.
• Negative Sentiment: Several insiders have recently sold shares. Ajay Singh sold 18,267 shares for approximately $2.8 million, while John Colgrove sold 100,000 shares for about $15.4 million. Colgrove’s sale was made under a pre-arranged Rule 10b5-1 plan, reducing its significance as a signal about management’s outlook, but the repeated transactions may still weigh on sentiment. Everpure Insider Sells Stock
• Negative Sentiment: Valuation remains demanding after the stock’s strong rally. Everpure trades at roughly 182 times earnings and has a PEG ratio above 5, leaving shares vulnerable if growth slows or results fail to exceed elevated expectations.
• Negative Sentiment: A hotter-than-expected 3.7% inflation reading, driven partly by higher energy costs, lifted bond yields and pressured growth-oriented technology stocks broadly. Higher interest rates can reduce the appeal of high-multiple companies such as Everpure. Technology Stocks Fall as Inflation Raises Bond Yields

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Fortitude Family Office LLC grew its stake in shares of Everpure by 49.0% during the 3rd quarter. Fortitude Family Office LLC now owns 362 shares of the company’s stock worth $47,000 after purchasing an additional 119 shares during the period. Continuum Advisory LLC purchased a new position in shares of Everpure during the 2nd quarter valued at approximately $29,000. Reflection Asset Management purchased a new position in shares of Everpure during the 4th quarter valued at approximately $32,000. SHP Wealth Management purchased a new position in shares of Everpure during the 4th quarter valued at approximately $36,000. Finally, Ancora Advisors LLC acquired a new position in shares of Everpure in the 2nd quarter valued at $67,000. 83.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

P has been the subject of several recent research reports. DA Davidson set a $100.00 target price on shares of Everpure in a report on Wednesday, July 1st. Barclays boosted their target price on shares of Everpure from $110.00 to $132.00 and gave the company an “equal weight” rating in a research report on Friday, September 25th. UBS Group upped their price target on shares of Everpure from $70.00 to $80.00 and gave the company a “sell” rating in a report on Thursday, August 27th. Zacks Research lowered shares of Everpure from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Evercore reaffirmed an “outperform” rating and set a $145.00 price target on shares of Everpure in a research report on Thursday, September 24th. Eighteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $143.25.

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.