Everpure (NYSE:P) Insider Sells 89,720 Shares

Everpure, Inc. (NYSE:P) insider John Colgrove sold 89,720 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $85.66, for a total transaction of $7,685,415.20. Following the completion of the transaction, the insider directly owned 6,509,265 shares of the company’s stock, valued at $557,583,639.90. This represents a 1.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, July 10th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $79.82, for a total transaction of $7,982,000.00.
• On Friday, June 12th, John Colgrove sold 99,900 shares of Everpure stock. The shares were sold at an average price of $71.04, for a total value of $7,096,896.00.
• On Wednesday, June 10th, John Colgrove sold 100 shares of Everpure stock. The stock was sold at an average price of $70.00, for a total value of $7,000.00.
• On Tuesday, June 2nd, John Colgrove sold 10,280 shares of Everpure stock. The shares were sold at an average price of $85.32, for a total value of $877,089.60.
• On Monday, May 11th, John Colgrove sold 200,000 shares of Everpure stock. The shares were sold at an average price of $85.93, for a total value of $17,186,000.00.

Everpure Stock Up 4.4%

NYSE P traded up $3.71 during trading on Thursday, reaching $87.45. 2,224,560 shares of the company’s stock were exchanged, compared to its average volume of 3,267,762. Everpure, Inc. has a fifty-two week low of $54.37 and a fifty-two week high of $100.59. The company has a market capitalization of $29.07 billion, a price-to-earnings ratio of 132.51, a PEG ratio of 4.75 and a beta of 1.45. The stock has a fifty day moving average price of $75.04.

Everpure (NYSE:P) last issued its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. As a group, sell-side analysts expect that Everpure, Inc. will post 0.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Everpure

Several institutional investors and hedge funds have recently added to or reduced their stakes in P. S&CO Inc. bought a new stake in Everpure during the second quarter worth approximately $15,003,000. Bigelow Investment Advisors LLC bought a new stake in shares of Everpure during the 1st quarter worth $231,000. Janney Montgomery Scott LLC grew its stake in Everpure by 46.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 28,138 shares of the company’s stock valued at $1,661,000 after buying an additional 8,861 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in Everpure by 22.9% in the 1st quarter. Pictet Asset Management Holding SA now owns 157,702 shares of the company’s stock worth $9,302,000 after acquiring an additional 29,386 shares during the period. Finally, Louisiana State Employees Retirement System acquired a new position in Everpure during the 1st quarter worth $5,367,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on P. Guggenheim increased their target price on shares of Everpure from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Northland Securities set a $90.00 price target on shares of Everpure in a research note on Thursday, May 28th. Wedbush increased their price objective on Everpure from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Wall Street Zen upgraded Everpure from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Everpure in a research note on Friday, July 17th. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Everpure currently has a consensus 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.