Everpure (NYSE:P) Stock: Insider Mallun Yen Sells 11,942 Shares

Everpure, Inc. (NYSE:P) Director Mallun Yen sold 11,942 shares of the company’s stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $146.97, for a total value of $1,755,115.74. Following the sale, the director owned 31,339 shares of the company’s stock, valued at approximately $4,605,892.83. This represents a 27.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Everpure Trading Down 1.1%

Everpure stock traded down $1.60 during midday trading on Thursday, reaching $151.06. The company’s stock had a trading volume of 5,733,025 shares, compared to its average volume of 3,802,879. The firm has a market cap of $50.34 billion, a PE ratio of 206.93, a PEG ratio of 4.91 and a beta of 1.39. Everpure, Inc. has a 52 week low of $56.78 and a 52 week high of $157.05. The firm’s 50-day moving average is $107.11.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on P. Guggenheim reissued a “buy” rating and set a $150.00 price objective on shares of Everpure in a report on Thursday, September 24th. Susquehanna restated a “positive” rating and set a $145.00 price target on shares of Everpure in a report on Thursday, August 27th. Morgan Stanley upped their price objective on Everpure from $119.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, September 24th. Raymond James Financial reiterated an “outperform” rating and set a $122.00 target price on shares of Everpure in a research report on Thursday, August 27th. Finally, Lake Street Capital boosted their target price on shares of Everpure from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. Seventeen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Everpure presently has an average rating of “Moderate Buy” and an average price target of $140.00.

Key Headlines Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Needham raised its price target to $185 from $150 and assigned a Buy rating, implying roughly 22.5% potential upside from the referenced price. The upgrade reinforces expectations for continued growth. Needham raises Everpure price target
• Positive Sentiment: Everpure’s shares have gained about 36% since the company increased its long-term revenue targets at its investor day. Coverage has linked the rally to the company’s positioning as an AI and data-center infrastructure beneficiary. Everpure stock rally and revenue targets
• Positive Sentiment: Management is urging partners to look “beyond storage,” signaling an effort to expand Everpure’s role beyond its core storage products and capture broader technology spending. Everpure urges partners beyond storage
• Positive Sentiment: Wall Street’s consensus remains “Moderate Buy,” with 17 Buy ratings, three Holds and one Sell among 21 analysts. Jim Cramer also said the stock could have further room to run, adding to favorable sentiment. Everpure analyst consensus
• Neutral Sentiment: Everpure recently reported strong operating results, including $0.70 in quarterly EPS versus a $0.19 consensus estimate and 37.7% year-over-year revenue growth. However, those results are from the prior quarter and may already be reflected in the stock.
• Negative Sentiment: Valuation concerns are increasing after the rally. GuruFocus characterized the shares as overvalued, while the stock trades at roughly 207 times earnings and a PEG ratio near 4.9. Everpure valuation analysis
• Negative Sentiment: Chief Accounting Officer Mona Chu sold 2,852 shares worth approximately $400,000. She retained a substantial stake, but the insider sale may add caution following the stock’s rapid advance.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Artemis Investment Management LLP lifted its position in shares of Everpure by 100.1% during the 3rd quarter. Artemis Investment Management LLP now owns 775,776 shares of the company’s stock valued at $101,456,000 after acquiring an additional 388,066 shares during the period. Apella Capital LLC acquired a new position in shares of Everpure during the third quarter worth approximately $184,000. Valeo Financial Advisors LLC lifted its holdings in shares of Everpure by 12.9% in the 3rd quarter. Valeo Financial Advisors LLC now owns 4,299 shares of the company’s stock worth $562,000 after purchasing an additional 490 shares in the last quarter. Family Legacy Financial Solutions LLC lifted its holdings in shares of Everpure by 3.6% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 2,113 shares of the company’s stock worth $276,000 after purchasing an additional 73 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in Everpure by 15.7% in the 3rd quarter. Versant Capital Management Inc now owns 3,761 shares of the company’s stock valued at $492,000 after purchasing an additional 509 shares during the period. 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.