Everpure (NYSE:P) Insider Sells $5,041,447.54 in Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 71,959 shares of Everpure stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $70.06, for a total transaction of $5,041,447.54. Following the sale, the insider directly owned 28,935 shares in the company, valued at $2,027,186.10. The trade was a 71.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Colgrove also recently made the following trade(s):

• On Wednesday, April 22nd, John Colgrove sold 82,266 shares of Everpure stock. The shares were sold at an average price of $70.50, for a total transaction of $5,799,753.00.
• On Tuesday, April 21st, John Colgrove sold 16,840 shares of Everpure stock. The shares were sold at an average price of $70.06, for a total transaction of $1,179,810.40.

Everpure Price Performance

Shares of NYSE:P traded up $0.63 during midday trading on Thursday, reaching $69.99. The company’s stock had a trading volume of 2,607,278 shares, compared to its average volume of 3,334,796. The company has a market capitalization of $23.13 billion, a PE ratio of 127.26, a P/E/G ratio of 5.16 and a beta of 1.34. Everpure, Inc. has a 12-month low of $43.08 and a 12-month high of $100.59.

Everpure (NYSE:P) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.04. Everpure had a return on equity of 14.36% and a net margin of 5.14%.The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the company earned $0.45 earnings per share. The company’s revenue was up 20.4% on a year-over-year basis. Equities analysts anticipate that Everpure, Inc. will post 0.72 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on P. UBS Group raised their price target on shares of Everpure from $60.00 to $63.00 and gave the company a “sell” rating in a research report on Thursday, February 26th. Wall Street Zen raised Everpure from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Citigroup cut their target price on Everpure from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Wedbush reaffirmed an “outperform” rating and set a $100.00 price target on shares of Everpure in a report on Monday, February 23rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Everpure from $105.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Thirteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.21.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of P. Integrated Wealth Concepts LLC bought a new stake in Everpure during the first quarter worth approximately $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Everpure by 129.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock worth $387,000 after purchasing an additional 4,926 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Everpure by 109.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock worth $50,377,000 after purchasing an additional 595,307 shares during the period. Empowered Funds LLC boosted its holdings in shares of Everpure by 4.2% in the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock worth $212,000 after purchasing an additional 194 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Everpure by 261.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock worth $184,000 after purchasing an additional 2,316 shares during the period. 83.42% of the stock is owned by hedge funds and other institutional investors.

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.