Everpure (NYSE:P) Insider John Colgrove Sells 99,900 Shares

Everpure, Inc. (NYSE:P) insider John Colgrove sold 99,900 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $71.04, for a total transaction of $7,096,896.00. Following the sale, the insider owned 2,615,000 shares in the company, valued at $185,769,600. This trade represents a 3.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 transaction 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 transaction 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 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 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 shares were 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 shares were sold at an average price of $70.06, for a total value of $1,179,810.40.

Everpure Price Performance

P traded up $3.06 on Friday, hitting $72.40. 3,079,281 shares of the company were exchanged, compared to its average volume of 3,452,870. Everpure, Inc. has a twelve month low of $50.20 and a twelve month high of $100.59. The stock has a market capitalization of $23.93 billion, a price-to-earnings ratio of 109.70, a PEG ratio of 3.76 and a beta of 1.44.

Everpure (NYSE:P) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) 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 analyst estimates of $997.88 million. Everpure had a return on equity of 15.97% and a net margin of 5.75%.Everpure’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 EPS. On average, research analysts anticipate that Everpure, Inc. will post 0.92 earnings per share for the current year.

Institutional Investors Weigh In On Everpure

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Everpure by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 33,891,025 shares of the company’s stock valued at $2,840,407,000 after purchasing an additional 623,019 shares during the last quarter. State Street Corp raised its holdings in Everpure by 0.8% during the fourth quarter. State Street Corp now owns 10,953,501 shares of the company’s stock worth $733,994,000 after purchasing an additional 88,583 shares during the last quarter. Geode Capital Management LLC grew its stake in Everpure by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 7,716,158 shares of the company’s stock valued at $515,972,000 after acquiring an additional 207,317 shares during the last quarter. Atreides Management LP grew its position in shares of Everpure by 15.4% in the third quarter. Atreides Management LP now owns 4,098,376 shares of the company’s stock valued at $343,485,000 after purchasing an additional 545,890 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Everpure by 786.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,027,610 shares of the company’s stock worth $337,554,000 after buying an additional 3,573,493 shares in the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Everpure from $90.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Morgan Stanley increased their price objective on shares of Everpure from $84.00 to $87.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Wedbush raised 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. Barclays boosted their target price on shares of Everpure from $81.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Finally, Lake Street Capital increased their target price on Everpure from $90.00 to $94.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Thirteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.32.

About Everpure

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.