Everpure (NYSE:P) Insider Sells $5,827,734.48 in Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 77,579 shares of Everpure stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $75.12, for a total value of $5,827,734.48. Following the completion of the sale, the insider directly owned 524,380 shares in the company, valued at $39,391,425.60. This trade represents a 12.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Colgrove also recently made the following trade(s):

• On Thursday, May 7th, John Colgrove sold 29,108 shares of Everpure stock. The stock was 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 stock was sold at an average price of $75.01, for a total value of $2,068,625.78.
• On Friday, April 24th, John Colgrove sold 28,935 shares of Everpure stock. The stock was 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 stock was 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 stock was 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 stock was sold at an average price of $70.06, for a total value of $1,179,810.40.

Everpure Trading Up 2.6%

Shares of P stock opened at $78.04 on Friday. Everpure, Inc. has a 12-month low of $48.31 and a 12-month high of $100.59. The stock has a market capitalization of $25.79 billion, a PE ratio of 141.90, a PEG ratio of 5.83 and a beta of 1.44.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Everpure from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Citigroup dropped their price objective on shares of Everpure from $105.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Barclays lifted their price objective 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. Wedbush reissued an “outperform” rating and issued a $100.00 price objective on shares of Everpure in a research note on Monday, February 23rd. Finally, Weiss Ratings assumed coverage on shares of Everpure in a research note on Monday, April 20th. They issued a “hold (c)” rating for the company. Thirteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.21.

Institutional Investors Weigh In On Everpure

Several institutional investors have recently made changes to their positions in P. Winnow Wealth LLC bought a new stake in shares of Everpure in the 3rd quarter worth about $26,000. Provenance Wealth Advisors LLC bought a new stake in shares of Everpure in the 3rd quarter worth about $27,000. Salomon & Ludwin LLC lifted its holdings in shares of Everpure by 108.2% in the 4th quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock worth $27,000 after acquiring an additional 199 shares during the last quarter. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Everpure in the 3rd quarter worth about $28,000. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Everpure by 287.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after acquiring an additional 244 shares during the last quarter. Institutional investors own 83.42% of the company’s 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.