Bleakley Financial Group LLC Acquires Shares of 11,117 Everpure, Inc. $P

Bleakley Financial Group LLC acquired a new stake in Everpure, Inc. (NYSE:P) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,117 shares of the company’s stock, valued at approximately $745,000.

Other hedge funds have also made changes to their positions in the company. Winnow Wealth LLC purchased a new stake in shares of Everpure in the 3rd quarter valued at approximately $26,000. Provenance Wealth Advisors LLC purchased a new position in shares of Everpure during the 3rd quarter worth approximately $27,000. Salomon & Ludwin LLC boosted its position in shares of Everpure by 108.2% during the 4th quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock worth $27,000 after purchasing an additional 199 shares during the period. Foster Dykema Cabot & Partners LLC acquired a new stake in Everpure during the 3rd quarter worth approximately $28,000. Finally, Sunbelt Securities Inc. raised its holdings in shares of Everpure by 287.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after purchasing an additional 244 shares in the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Insider Activity at Everpure

In other Everpure news, insider John Colgrove sold 200,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $85.93, for a total value of $17,186,000.00. Following the completion of the transaction, the insider directly owned 6,625,221 shares in the company, valued at $569,305,240.53. This trade represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 534,265 shares of company stock valued at $41,321,234 in the last ninety days. Company insiders own 5.10% of the company’s stock.

Trending Headlines about Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure reported Q1 earnings of $0.47 per share, ahead of the $0.40 consensus, with revenue of $1.05 billion also topping estimates and rising 35.2% year over year. Everpure (P) Tops Q1 Earnings and Revenue Estimates
• Positive Sentiment: Management said AI-led storage demand, enterprise wins, and subscription growth helped drive the quarter, reinforcing the growth story for Everpure’s data storage business. Everpure Q1 Earnings Beat on Strong AI-Led Storage Demand, Sales Jump Y/Y
• Positive Sentiment: Several analysts responded favorably after the report, including JPMorgan raising its price target to $92 and Needham reiterating a buy rating with a $100 target, suggesting Wall Street sees continued upside. Analyst rating updates
• Neutral Sentiment: The company’s full-year revenue guidance came in above expectations, but next-quarter revenue guidance disappointed, which helped explain the stock’s volatility after earnings. P Q1 Deep Dive: Supply Chain Dynamics and Pricing Power Shape Results and Guidance
• Negative Sentiment: Investors were also disappointed by weaker free cash flow and cautious near-term guidance, which triggered a sharp post-earnings pullback despite the beat. Everpure beats on revenue and earnings but free cash flow drop sends shares lower

Analyst Ratings Changes

Several brokerages recently commented on P. Citigroup lowered shares of Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a research note on Thursday, May 14th. Wells Fargo & Company lifted their target price on shares of Everpure from $90.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday. Northland Securities set a $90.00 price objective on shares of Everpure in a report on Thursday. Wedbush boosted their price objective on shares of Everpure from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of Everpure in a research report on Thursday. Thirteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Everpure has an average rating of “Moderate Buy” and a consensus target price of $96.32.

Everpure Stock Performance

Shares of NYSE:P opened at $79.31 on Friday. Everpure, Inc. has a 1-year low of $50.20 and a 1-year high of $100.59. The firm has a market cap of $26.21 billion, a price-to-earnings ratio of 120.17, a price-to-earnings-growth ratio of 5.38 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. Everpure’s revenue was up 35.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS. As a group, equities research analysts anticipate that Everpure, Inc. will post 0.72 EPS for the current year.

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.