Everpure (NYSE:P) Insider Sells 64,815 Shares of Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 64,815 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $117.44, for a total transaction of $7,611,873.60. Following the completion of the transaction, the insider directly owned 6,074,080 shares of the company’s stock, valued at approximately $713,339,955.20. This represents a 1.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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, August 13th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $117.21, for a total transaction of $11,721,000.00.
• On Tuesday, August 11th, John Colgrove sold 100,000 shares of Everpure stock. The stock was sold at an average price of $104.39, for a total transaction of $10,439,000.00.
• On Monday, August 10th, John Colgrove sold 200,000 shares of Everpure stock. The shares were sold at an average price of $96.98, for a total value of $19,396,000.00.
• On Friday, August 7th, John Colgrove sold 35,185 shares of Everpure stock. The shares were sold at an average price of $90.01, for a total value of $3,167,001.85.
• On Tuesday, August 4th, John Colgrove sold 89,720 shares of Everpure stock. The stock was sold at an average price of $85.66, for a total value of $7,685,415.20.
• On Friday, July 10th, John Colgrove sold 100,000 shares of Everpure stock. The stock was sold at an average price of $79.82, for a total value of $7,982,000.00.
• On Friday, June 12th, John Colgrove sold 99,900 shares of Everpure stock. The shares were sold at an average price of $71.04, for a total value of $7,096,896.00.
• 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.

Everpure Stock Down 1.0%

NYSE P traded down $1.13 during trading hours on Monday, hitting $117.03. 3,039,558 shares of the company’s stock were exchanged, compared to its average volume of 3,298,572. The stock has a 50 day simple moving average of $78.64. Everpure, Inc. has a 12-month low of $54.37 and a 12-month high of $118.81. The firm has a market capitalization of $38.90 billion, a price-to-earnings ratio of 177.32, a P/E/G ratio of 6.63 and a beta of 1.45.

Everpure (NYSE:P) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.40 by $0.07. The company had revenue of $1.05 billion during 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%.The firm’s revenue was up 35.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 EPS. On average, research analysts anticipate that Everpure, Inc. will post 0.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. TD Cowen restated a “buy” rating on shares of Everpure in a report on Wednesday, July 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Everpure in a research note on Thursday, May 28th. JPMorgan Chase & Co. increased their price target on shares of Everpure from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Susquehanna upgraded shares of Everpure from a “neutral” rating to a “positive” rating and lifted their price target for the company from $85.00 to $120.00 in a report on Monday, August 10th. Finally, DA Davidson set a $100.00 price objective on shares of Everpure in a research note on Wednesday, July 1st. Sixteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Everpure has a consensus rating of “Moderate Buy” and a consensus target price of $101.45.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new position in shares of Everpure in the first quarter valued at $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Everpure by 129.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock worth $387,000 after buying an additional 4,926 shares during the period. Goldman Sachs Group Inc. increased its stake in Everpure by 109.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock worth $50,377,000 after buying an additional 595,307 shares during the period. Empowered Funds LLC lifted its holdings in Everpure by 4.2% in the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock worth $212,000 after buying an additional 194 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Everpure by 261.1% in the 2nd 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 in the last quarter. 83.42% of the stock is owned by institutional investors and hedge funds.

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.