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

Everpure, Inc. (NYSE:P) Director Mallun Yen sold 11,942 shares of the 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 completion of the transaction, the director owned 31,339 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Everpure Trading Down 1.1%

NYSE P opened at $151.06 on Friday. The firm has a market cap of $50.34 billion, a P/E ratio of 206.93, a P/E/G ratio of 5.09 and a beta of 1.39. The company has a fifty day simple moving average of $108.63. Everpure, Inc. has a 12-month low of $56.78 and a 12-month high of $157.05.

Everpure (NYSE:P) last released its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.51. The firm 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 revenue for the quarter was up 37.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Everpure, Inc. will post 0.95 EPS for the current fiscal year.

Institutional Investors Weigh In On Everpure

A number of hedge funds have recently made changes to their positions in P. Continuum Advisory LLC bought a new stake in Everpure in the second quarter worth about $29,000. Reflection Asset Management purchased a new position in Everpure in the fourth quarter valued at approximately $32,000. SHP Wealth Management bought a new position in Everpure during the fourth quarter valued at $36,000. Ancora Advisors LLC bought a new stake in Everpure in the 2nd quarter valued at about $67,000. Finally, Strive Financial Group LLC bought a new stake in shares of Everpure in the second quarter valued at approximately $158,000. 83.42% of the stock is currently owned by institutional investors.

Everpure News Roundup

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Needham raised its price target to $185 and maintained a “Buy” rating, implying substantial upside from the recent trading level. The increase reflects continued confidence in Everpure’s growth prospects. Needham raises Everpure price target
• Positive Sentiment: AI and data-center demand remain key catalysts. Recent coverage highlights the company’s expanded revenue outlook and efforts to encourage partners to pursue opportunities beyond traditional storage, supporting expectations for broader adoption of its data-storage products. Everpure stock rally and growth outlook
• Positive Sentiment: Analyst sentiment remains favorable: 17 of 21 covering firms rate the stock Buy, producing a consensus “Moderate Buy” rating. Jim Cramer also said Everpure could have additional room to run. Everpure analyst consensus
• Neutral Sentiment: Everpure’s valuation is demanding. The stock trades at more than 200 times earnings, so continued gains depend on strong execution and growth. The latest quarter was solid, with revenue up 37.7% year over year and EPS well above estimates, but investors may require further earnings acceleration to support the valuation. Everpure valuation analysis
• Negative Sentiment: Insider selling may weigh on sentiment. Director Mallun Yen sold 11,942 shares worth approximately $1.76 million, following a recent sale by Chief Accounting Officer Mona Chu. Both transactions were disclosed under trading plans, which reduces their significance, but the sales could encourage profit-taking after the rally. Everpure director stock sale

Analysts Set New Price Targets

A number of research firms have issued reports on P. Zacks Research downgraded Everpure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Northland Securities set a $167.00 price objective on Everpure in a research note on Thursday, September 24th. Bank of America raised Everpure from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $90.00 to $150.00 in a research note on Thursday, August 27th. Wall Street Zen lowered Everpure from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 12th. Finally, Weiss Ratings raised Everpure from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, September 29th. Seventeen research 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. Based on data from MarketBeat, Everpure currently has an average rating of “Moderate Buy” and a consensus target price of $140.00.

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.