Everpure (NYSE:P) Insider John Colgrove Sells 200,000 Shares

Everpure, Inc. (NYSE:P) insider John Colgrove sold 200,000 shares of the 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 represents a 2.93% decrease in their ownership of the stock. The sale 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 Thursday, May 7th, John Colgrove sold 29,108 shares of Everpure stock. The shares were sold at an average price of $75.31, for a total value of $2,192,123.48.
• On Wednesday, May 6th, John Colgrove sold 27,578 shares of Everpure stock. The stock was sold at an average price of $75.01, for a total value of $2,068,625.78.
• On Tuesday, May 5th, John Colgrove sold 77,579 shares of Everpure stock. The stock was sold at an average price of $75.12, for a total value of $5,827,734.48.
• On Friday, April 24th, John Colgrove sold 28,935 shares of Everpure stock. The stock was sold at an average price of $70.01, for a total value of $2,025,739.35.
• On Thursday, April 23rd, John Colgrove sold 71,959 shares of Everpure stock. The stock was sold at an average price of $70.06, for a total value of $5,041,447.54.
• On Wednesday, April 22nd, John Colgrove sold 82,266 shares of Everpure stock. The stock was sold at an average price of $70.50, for a total value of $5,799,753.00.
• On Tuesday, April 21st, John Colgrove sold 16,840 shares of Everpure stock. The stock was sold at an average price of $70.06, for a total value of $1,179,810.40.

Everpure Trading Up 1.4%

Shares of P stock opened at $84.52 on Thursday. The company has a market cap of $27.93 billion, a price-to-earnings ratio of 153.68, a price-to-earnings-growth ratio of 6.22 and a beta of 1.44. Everpure, Inc. has a 12-month low of $50.20 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Everpure had a return on equity of 14.36% and a net margin of 5.14%.Everpure’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 earnings per share. On average, research analysts predict that Everpure, Inc. will post 0.72 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Citigroup downgraded Everpure from a “buy” rating to a “neutral” rating in a research report on Thursday. Piper Sandler restated a “buy” rating on shares of Everpure in a research report on Thursday, February 26th. Northland Securities upgraded Everpure from a “market perform” rating to an “outperform” rating and raised their target price for the company from $77.00 to $81.00 in a research report on Monday, March 9th. Barclays raised their target price on Everpure from $77.00 to $81.00 and gave the company an “equal weight” rating in a research report on Thursday, February 26th. Finally, Weiss Ratings initiated coverage on Everpure in a research note on Monday, April 20th. They set a “hold (c)” rating for the company. Twelve 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 data from MarketBeat, Everpure presently has an average rating of “Moderate Buy” and a consensus price target of $93.21.

Institutional Investors Weigh In On Everpure

A number of institutional investors have recently modified their holdings of P. Winnow Wealth LLC acquired a new stake in shares of Everpure in the third quarter valued at $26,000. Provenance Wealth Advisors LLC acquired a new position in shares of Everpure during the 3rd quarter worth about $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 acquiring an additional 199 shares in the last quarter. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Everpure during the 3rd quarter worth about $28,000. Finally, Sunbelt Securities Inc. boosted its position in shares of Everpure by 287.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after acquiring an additional 244 shares in the last quarter. 83.42% of the stock is owned by institutional investors and hedge funds.

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.