7,384 Shares in Everpure, Inc. $P Bought by McLaughlin Asset Management Inc.

McLaughlin Asset Management Inc. purchased a new position in shares of Everpure, Inc. (NYSE:P) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,384 shares of the company’s stock, valued at approximately $495,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Provenance Wealth Advisors LLC bought a new stake in shares of Everpure in the 3rd quarter valued at about $27,000. Salomon & Ludwin LLC lifted its stake in Everpure by 108.2% in the 4th quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock valued at $27,000 after purchasing an additional 199 shares during the last quarter. Foster Dykema Cabot & Partners LLC bought a new position in Everpure during the third quarter worth about $28,000. Sunbelt Securities Inc. grew its holdings in Everpure by 287.1% during the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after purchasing an additional 244 shares during the period. Finally, Assetmark Inc. increased its position in Everpure by 186.6% during the third quarter. Assetmark Inc. now owns 341 shares of the company’s stock worth $29,000 after buying an additional 222 shares during the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insiders Place Their Bets

In other news, insider John Colgrove sold 200,000 shares of Everpure stock in a transaction on Monday, May 11th. The stock was sold at an average price of $85.93, for a total transaction of $17,186,000.00. Following the completion of the sale, the insider owned 6,625,221 shares of the company’s stock, valued at approximately $569,305,240.53. This trade represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 644,545 shares of company stock worth $49,302,220. 5.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on P shares. JPMorgan Chase & Co. upped their price objective on Everpure from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. UBS Group boosted their target price on Everpure from $63.00 to $70.00 and gave the stock a “sell” rating in a report on Thursday, May 28th. Lake Street Capital raised their price target on Everpure from $90.00 to $94.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Wells Fargo & Company lifted their price objective on shares of Everpure from $90.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Finally, Wedbush upped their price objective on shares of Everpure from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Thirteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $96.32.

Trending Headlines about Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure unveiled new AI-era offerings, including Data Stream and a data-primacy architecture, aimed at making enterprise data more AI-ready and improving governance, search, and analysis. Article link
• Positive Sentiment: The company also announced an expanded strategic alliance with Veeam to deliver DataAI resilience at enterprise scale, reinforcing Everpure’s positioning in cyber resilience and Kubernetes integrations. Article link
• Positive Sentiment: Analyst-style coverage noted that Everpure’s premium valuation may be justified by strong ROE, debt-free finances, and subscription momentum, despite some supply-chain headwinds. Article link

Everpure Stock Performance

Everpure stock opened at $74.73 on Friday. Everpure, Inc. has a 12 month low of $50.87 and a 12 month high of $100.59. The company has a market capitalization of $24.84 billion, a PE ratio of 113.23, a PEG ratio of 4.11 and a beta of 1.44.

Everpure (NYSE:P) last announced its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $997.88 million. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The firm’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 earnings per share. On average, analysts anticipate that Everpure, Inc. will post 0.92 EPS for the current year.

Everpure 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.