Everpure (NYSE:P) Insider Ajay Singh Sells 9,787 Shares

Everpure, Inc. (NYSE:P) insider Ajay Singh sold 9,787 shares of Everpure stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $78.12, for a total transaction of $764,560.44. Following the completion of the transaction, the insider owned 340,939 shares in the company, valued at $26,634,154.68. This trade represents a 2.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Everpure Stock Performance

Everpure stock traded down $1.69 on Friday, reaching $79.27. 2,083,631 shares of the stock were exchanged, compared to its average volume of 2,830,721. Everpure, Inc. has a twelve month low of $53.43 and a twelve month high of $100.59. The company’s fifty day moving average is $77.17. The firm has a market cap of $26.35 billion, a PE ratio of 120.11, a PEG ratio of 4.58 and a beta of 1.45.

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

Institutional Investors Weigh In On Everpure

Several institutional investors and hedge funds have recently bought and sold shares of P. State Street Corp lifted its position in shares of Everpure by 0.8% during the 4th quarter. State Street Corp now owns 10,953,501 shares of the company’s stock worth $733,994,000 after buying an additional 88,583 shares during the period. Geode Capital Management LLC raised its stake in Everpure by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 7,716,158 shares of the company’s stock worth $515,972,000 after acquiring an additional 207,317 shares in the last quarter. Atreides Management LP lifted its holdings in shares of Everpure by 15.4% during the third quarter. Atreides Management LP now owns 4,098,376 shares of the company’s stock valued at $343,485,000 after acquiring an additional 545,890 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Everpure by 786.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,027,610 shares of the company’s stock valued at $337,554,000 after purchasing an additional 3,573,493 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Everpure in the 4th quarter valued at $265,327,000. Institutional investors own 83.42% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on P shares. Weiss Ratings initiated coverage on Everpure in a report on Monday, April 20th. They set a “hold (c)” rating for the company. Lake Street Capital raised their price objective on shares of Everpure from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Wells Fargo & Company boosted their target price 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. Wall Street Zen upgraded shares of Everpure from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 5th. Finally, Northland Securities set a $90.00 price target on shares of Everpure in a report on Thursday, May 28th. Thirteen 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’s stock. According to data from MarketBeat, Everpure has an average rating of “Moderate Buy” and a consensus target price of $96.50.

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.