John Colgrove Sells 100,000 Shares of Everpure (NYSE:P) Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 100,000 shares of Everpure stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $104.39, for a total value of $10,439,000.00. Following the completion of the transaction, the insider owned 6,274,080 shares of the company’s stock, valued at approximately $654,951,211.20. This represents a 1.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 Monday, August 10th, John Colgrove sold 200,000 shares of Everpure stock. The shares were sold at an average price of $96.98, for a total value of $19,396,000.00.
• On Friday, August 7th, John Colgrove sold 35,185 shares of Everpure stock. The shares were sold at an average price of $90.01, for a total value of $3,167,001.85.
• On Tuesday, August 4th, John Colgrove sold 89,720 shares of Everpure stock. The shares were sold at an average price of $85.66, for a total value of $7,685,415.20.
• On Friday, July 10th, John Colgrove sold 100,000 shares of Everpure stock. The stock was sold at an average price of $79.82, for a total value 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 shares were 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.

Everpure Stock Performance

Shares of P opened at $118.33 on Friday. The stock has a fifty day moving average of $78.64. The company has a market capitalization of $39.33 billion, a P/E ratio of 179.30, a PEG ratio of 6.59 and a beta of 1.45. Everpure, Inc. has a 52-week low of $54.37 and a 52-week high of $118.81.

Everpure (NYSE:P) last posted its quarterly earnings data 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 business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The business’s revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 earnings per share. On average, sell-side analysts anticipate that Everpure, Inc. will post 0.93 EPS for the current year.

Hedge Funds Weigh In On Everpure

A number of institutional investors have recently modified their holdings of P. Paradigm Capital Management Inc. NY bought a new position in Everpure in the second quarter worth approximately $2,127,000. Summit Creek Advisors LLC purchased a new position in Everpure during the 2nd quarter worth $5,671,000. S&CO Inc. bought a new stake in Everpure during the 2nd quarter valued at $15,003,000. Bigelow Investment Advisors LLC bought a new stake in Everpure during the 1st quarter valued at $231,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Everpure by 46.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 28,138 shares of the company’s stock worth $1,661,000 after buying an additional 8,861 shares during the period. 83.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wells Fargo & Company boosted their target price on Everpure from $90.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. UBS Group increased their price target on Everpure from $63.00 to $70.00 and gave the stock a “sell” rating in a report on Thursday, May 28th. Wedbush raised their price target on Everpure from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Weiss Ratings restated a “hold (c)” rating on shares of Everpure in a report on Friday, July 17th. Finally, Wall Street Zen downgraded Everpure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Sixteen analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $101.45.

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.