Everpure (NYSE:P) Insider John Colgrove Sells 10,280 Shares

Everpure, Inc. (NYSE:P) insider John Colgrove sold 10,280 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $85.32, for a total transaction of $877,089.60. Following the sale, the insider owned 6,614,941 shares of the company’s stock, valued at $564,386,766.12. This trade represents a 0.16% decrease in their position. 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.

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

• 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 transaction of $17,186,000.00.
• On Thursday, May 7th, John Colgrove sold 29,108 shares of Everpure stock. The stock was sold at an average price of $75.31, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 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 value of $1,179,810.40.

Everpure Price Performance

Shares of P opened at $78.77 on Friday. The company has a market cap of $26.03 billion, a P/E ratio of 119.35, a price-to-earnings-growth ratio of 5.73 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 posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $997.88 million. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The business’s revenue was up 35.2% on a year-over-year basis. On average, equities research analysts predict that Everpure, Inc. will post 0.73 EPS for the current year.

Wall Street Analyst Weigh In

P has been the topic of several recent research reports. Wedbush upped their price objective on shares of Everpure from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Weiss Ratings initiated coverage on shares of Everpure in a report on Monday, April 20th. They set a “hold (c)” rating on the stock. William Blair reaffirmed an “outperform” rating on shares of Everpure in a report on Thursday, May 28th. Wells Fargo & Company upped their price objective on shares of Everpure from $90.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Finally, Wall Street Zen raised shares of Everpure from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Thirteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Everpure has a consensus rating of “Moderate Buy” and an average price target of $96.32.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bigelow Investment Advisors LLC bought a new position in shares of Everpure in the first quarter worth approximately $231,000. Janney Montgomery Scott LLC increased its position in shares of Everpure by 46.0% in the first quarter. Janney Montgomery Scott LLC now owns 28,138 shares of the company’s stock worth $1,661,000 after purchasing an additional 8,861 shares during the last quarter. Pictet Asset Management Holding SA increased its position in shares of Everpure by 22.9% in the first quarter. Pictet Asset Management Holding SA now owns 157,702 shares of the company’s stock worth $9,302,000 after purchasing an additional 29,386 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Everpure in the first quarter worth approximately $5,367,000. Finally, Fiduciary Alliance LLC increased its position in shares of Everpure by 23.9% in the first quarter. Fiduciary Alliance LLC now owns 13,875 shares of the company’s stock worth $900,000 after purchasing an additional 2,675 shares during the last quarter. 83.42% of the stock is currently owned by 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.