Everpure (NYSE:P) CAO Sells 2,852 Shares of Stock

Everpure, Inc. (NYSE:P) CAO Mona Chu sold 2,852 shares of the company’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $140.20, for a total transaction of $399,850.40. Following the sale, the chief accounting officer directly owned 131,094 shares in the company, valued at approximately $18,379,378.80. The trade was a 2.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Everpure Stock Performance

Shares of Everpure stock traded up $3.15 during trading hours on Tuesday, reaching $147.03. The company’s stock had a trading volume of 3,578,742 shares, compared to its average volume of 3,786,145. The business’s 50 day simple moving average is $103.96. The stock has a market cap of $48.99 billion, a PE ratio of 201.41, a P/E/G ratio of 4.68 and a beta of 1.39. Everpure, Inc. has a one year low of $56.78 and a one year high of $149.05.

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

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Lake Street Capital boosted their price objective on shares of Everpure from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, September 24th. JPMorgan Chase & Co. raised their target price on shares of Everpure from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, August 27th. Piper Sandler lifted their price target on shares of Everpure from $133.00 to $162.00 and gave the stock an “overweight” rating in a research note on Thursday, September 24th. Citigroup upped their price target on shares of Everpure from $130.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, September 24th. Finally, Northland Securities set a $167.00 price objective on shares of Everpure in a research note on Thursday, September 24th. Seventeen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.25.

Institutional Investors Weigh In On Everpure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew its stake in Everpure by 15.7% in the 3rd quarter. Versant Capital Management Inc now owns 3,761 shares of the company’s stock worth $492,000 after acquiring an additional 509 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Everpure in the second quarter valued at approximately $1,110,000. Envestnet Portfolio Solutions Inc. bought a new position in Everpure in the second quarter worth approximately $785,000. Andra AP fonden bought a new position in Everpure in the second quarter worth approximately $5,230,000. Finally, Sequoia Financial Advisors LLC purchased a new position in Everpure during the 2nd quarter worth $814,000. Institutional investors own 83.42% of the company’s stock.

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.