Everpure (NYSE:P) Insider Sells $7,982,000.00 in Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 100,000 shares of the stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $79.82, for a total value of $7,982,000.00. Following the completion of the transaction, the insider owned 2,565,000 shares in the company, valued at $204,738,300. This represents a 3.75% decrease in their position. The transaction was disclosed in a legal 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 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 stock was 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 stock was sold at an average price of $85.32, for a total value 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 value of $17,186,000.00.
• 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 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 shares were 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 shares were sold at an average price of $70.50, for a total transaction of $5,799,753.00.

Everpure Stock Down 3.5%

NYSE P opened at $68.27 on Friday. The firm has a market cap of $22.69 billion, a price-to-earnings ratio of 103.44, a price-to-earnings-growth ratio of 4.00 and a beta of 1.45. The stock has a fifty day moving average of $77.07. Everpure, Inc. has a 52-week low of $54.37 and a 52-week 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 (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $997.88 million. During the same quarter in the previous year, the firm posted $0.29 EPS. The business’s revenue was up 35.2% compared to the same quarter last year. Sell-side analysts forecast that Everpure, Inc. will post 0.92 earnings per share for the current year.

Institutional Investors Weigh In On Everpure

A number of hedge funds have recently made changes to their positions in P. PFA Pension Forsikringsaktieselskab bought a new position in shares of Everpure in the fourth quarter valued at approximately $10,948,000. ClearAlpha Technologies LP acquired a new position in shares of Everpure in the 4th quarter worth approximately $971,000. National Pension Service grew its position in Everpure by 782.9% during the 4th quarter. National Pension Service now owns 665,667 shares of the company’s stock worth $44,606,000 after acquiring an additional 590,274 shares during the last quarter. Geode Capital Management LLC grew its position in Everpure by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 7,716,158 shares of the company’s stock worth $515,972,000 after acquiring an additional 207,317 shares during the last quarter. Finally, Bleakley Financial Group LLC acquired a new stake in Everpure during the 4th quarter valued at $745,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. UBS Group upped their price target on Everpure from $63.00 to $70.00 and gave the company a “sell” rating in a report on Thursday, May 28th. William Blair reissued an “outperform” rating on shares of Everpure in a report on Thursday, May 28th. DA Davidson set a $100.00 price objective on Everpure in a research report on Wednesday, July 1st. Wedbush upped their target price on Everpure from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen raised Everpure from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 5th. Thirteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Everpure has an average rating of “Moderate Buy” and a consensus price target of $96.50.

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.