3,529 Shares of Everpure, Inc. $P Bought by Gainplan LLC

Gainplan LLC acquired a new position in Everpure, Inc. (NYSE:P) during the 3rd quarter, HoldingsChannel reports. The fund acquired 3,529 shares of the company’s stock, valued at approximately $462,000.

Several other institutional investors and hedge funds have also bought and sold shares of P. GAMMA Investing LLC grew its stake in shares of Everpure by 30.4% during the 3rd quarter. GAMMA Investing LLC now owns 11,951 shares of the company’s stock worth $1,563,000 after acquiring an additional 2,783 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Everpure by 12.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,562 shares of the company’s stock valued at $466,000 after buying an additional 389 shares in the last quarter. CoreCap Advisors LLC raised its holdings in Everpure by 225.3% during the 3rd quarter. CoreCap Advisors LLC now owns 1,438 shares of the company’s stock valued at $188,000 after acquiring an additional 996 shares during the period. Artemis Investment Management LLP lifted its position in shares of Everpure by 100.1% during the third quarter. Artemis Investment Management LLP now owns 775,776 shares of the company’s stock worth $101,456,000 after acquiring an additional 388,066 shares in the last quarter. Finally, Apella Capital LLC purchased a new stake in shares of Everpure during the third quarter worth $184,000. 83.42% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO Mona Chu sold 2,852 shares of Everpure stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $140.20, for a total value of $399,850.40. Following the sale, the chief accounting officer directly owned 131,094 shares in the company, valued at approximately $18,379,378.80. This trade represents a 2.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Colgrove sold 100,000 shares of Everpure stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $115.96, for a total transaction of $11,596,000.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 947,444 shares of company stock worth $99,631,875. 5.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on P shares. Citigroup lifted their price target on Everpure from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, September 24th. Weiss Ratings raised Everpure from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 29th. UBS Group raised their target price on Everpure from $70.00 to $80.00 and gave the stock a “sell” rating in a research note on Thursday, August 27th. Zacks Research lowered Everpure from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Guggenheim reiterated a “buy” rating and set a $150.00 price target on shares of Everpure in a research report on Thursday, September 24th. Seventeen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Everpure has a consensus rating of “Moderate Buy” and a consensus target price of $140.00.

Everpure Price Performance

NYSE P opened at $151.06 on Friday. The company has a market cap of $50.34 billion, a P/E ratio of 206.93, a P/E/G ratio of 5.09 and a beta of 1.39. The stock’s fifty day moving average is $108.63. Everpure, Inc. has a 52-week low of $56.78 and a 52-week high of $157.05.

Everpure (NYSE:P) last announced its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.51. The firm had revenue of $1.19 billion for the quarter. Everpure had a return on equity of 19.06% and a net margin of 5.94%.The firm’s quarterly revenue was up 37.7% compared to the same quarter last year. As a group, sell-side analysts predict that Everpure, Inc. will post 0.95 earnings per share for the current fiscal year.

Key Stories Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Needham raised its price target from $150 to $185 and maintained a “Buy” rating. The upgrade reflects confidence that Everpure’s hyperscale solutions and data software could expand its long-term addressable market. Needham Everpure price target and market opportunity
• Positive Sentiment: AI and data-center demand remain the main growth catalyst. Recent coverage says Everpure’s shares have risen about 36% since the company increased its long-term revenue targets at its investor day, as investors anticipate stronger demand for storage and related software. Everpure rally and revenue targets
• Neutral Sentiment: Investors are paying a high price for the growth story. Everpure trades at roughly 77.7 times adjusted trailing earnings, while the company’s reported price-to-earnings ratio is above 200. Supporters are betting that projected earnings growth will make the valuation more reasonable, but any slowdown could increase volatility. Everpure valuation analysis
• Negative Sentiment: Director Mallun Yen sold 11,942 shares worth approximately $1.76 million, reducing her position by 27.59%. The transaction occurred under a pre-arranged Rule 10b5-1 trading plan, which makes it less concerning than discretionary selling, but it may still weigh on sentiment after the recent rally. Everpure director stock sale

Everpure 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.