Insider Selling: Everpure (NYSE:P) Insider Sells 100,000 Shares of Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $104.39, for a total value of $10,439,000.00. Following the completion of the sale, the insider owned 6,274,080 shares in the company, valued at approximately $654,951,211.20. This represents a 1.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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, August 10th, John Colgrove sold 200,000 shares of Everpure stock. The stock was sold at an average price of $96.98, for a total value of $19,396,000.00.
• On Friday, August 7th, John Colgrove sold 35,185 shares of Everpure stock. The shares were sold at an average price of $90.01, for a total value of $3,167,001.85.
• On Tuesday, August 4th, John Colgrove sold 89,720 shares of Everpure stock. The stock was sold at an average price of $85.66, for a total value of $7,685,415.20.
• On Friday, July 10th, John Colgrove sold 100,000 shares of Everpure stock. The stock was sold at an average price of $79.82, for a total value of $7,982,000.00.
• 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 shares were 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 stock was sold at an average price of $85.32, for a total transaction of $877,089.60.

Everpure Trading Up 5.3%

Shares of NYSE P traded up $5.89 during mid-day trading on Thursday, reaching $117.29. The company had a trading volume of 4,049,458 shares, compared to its average volume of 3,298,622. The stock has a 50 day simple moving average of $76.94. Everpure, Inc. has a 52-week low of $54.37 and a 52-week high of $118.81. The stock has a market cap of $38.99 billion, a PE ratio of 177.71, a P/E/G ratio of 6.19 and a beta of 1.45.

Everpure (NYSE:P) last issued 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 return on equity of 15.97% and a net margin of 5.75%.The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $997.88 million. During the same quarter last year, the company posted $0.29 earnings per share. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. Research analysts predict that Everpure, Inc. will post 0.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Everpure

Several hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new position in Everpure in the 1st quarter valued at $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Everpure by 129.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock worth $387,000 after buying an additional 4,926 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Everpure by 109.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock worth $50,377,000 after buying an additional 595,307 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Everpure by 4.2% in the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock worth $212,000 after acquiring an additional 194 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Everpure by 261.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock worth $184,000 after acquiring an additional 2,316 shares during the period. 83.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

P has been the subject of several research analyst reports. Wall Street Zen downgraded Everpure from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Susquehanna upgraded shares of Everpure from a “neutral” rating to a “positive” rating and upped their price target for the company from $85.00 to $120.00 in a research report on Monday. Wells Fargo & Company increased 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. JPMorgan Chase & Co. raised their price objective on shares of Everpure from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Finally, UBS Group raised their price objective on shares of Everpure from $63.00 to $70.00 and gave the stock a “sell” rating in a research report on Thursday, May 28th. Sixteen analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $101.45.

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.