Everpure (NYSE:P) Insider Sells $10,077,000.00 in Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 100,000 shares of Everpure stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $100.77, for a total transaction of $10,077,000.00. Following the completion of the sale, the insider directly owned 2,365,000 shares of the company’s stock, valued at approximately $238,321,050. The trade was a 4.06% decrease in their position. The transaction was disclosed in a legal 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 Wednesday, October 14th, John Colgrove sold 100,000 shares of Everpure stock. The stock was sold at an average price of $145.00, for a total transaction of $14,500,000.00.
• On Monday, October 12th, John Colgrove sold 100,000 shares of Everpure stock. The stock was sold at an average price of $153.73, for a total transaction of $15,373,000.00.
• On Thursday, September 24th, John Colgrove sold 100,000 shares of Everpure stock. The stock was sold at an average price of $115.96, for a total transaction of $11,596,000.00.
• On Monday, September 21st, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $110.35, for a total value of $11,035,000.00.
• On Thursday, September 10th, John Colgrove sold 100,000 shares of Everpure stock. The stock was sold at an average price of $94.95, for a total value of $9,495,000.00.
• On Friday, August 14th, John Colgrove sold 64,815 shares of Everpure stock. The stock was sold at an average price of $117.44, for a total value of $7,611,873.60.

Everpure Stock Performance

Shares of P traded up $3.69 during trading hours on Thursday, hitting $110.19. 2,108,926 shares of the company were exchanged, compared to its average volume of 3,751,476. The company has a market capitalization of $36.72 billion, a P/E ratio of 150.95, a PEG ratio of 3.40 and a beta of 1.43. The company’s 50 day simple moving average is $120.59. Everpure, Inc. has a 52 week low of $56.78 and a 52 week high of $157.57.

Everpure (NYSE:P) last issued its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.51. Everpure had a return on equity of 19.06% and a net margin of 5.94%. The business had revenue of $1.19 billion for the quarter. Everpure’s revenue for the quarter was up 37.7% on a year-over-year basis. On average, equities analysts expect that Everpure, Inc. will post 0.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on P. Evercore boosted their price objective on shares of Everpure from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, October 5th. Weiss Ratings upgraded shares of Everpure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 14th. Northland Securities set a $167.00 target price on shares of Everpure and gave the stock an “outperform” rating in a report on Thursday, September 24th. Guggenheim lifted their target price on shares of Everpure from $150.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 12th. Finally, Lake Street Capital upped their price target on shares of Everpure from $120.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $149.05.

Institutional Trading of Everpure

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Everpure during the third quarter valued at about $28,000. Provenance Wealth Advisors LLC bought a new stake in shares of Everpure during the third quarter valued at approximately $47,000. Fortitude Family Office LLC lifted its holdings in shares of Everpure by 49.0% during the 3rd quarter. Fortitude Family Office LLC now owns 362 shares of the company’s stock worth $47,000 after acquiring an additional 119 shares during the period. Continuum Advisory LLC acquired a new position in Everpure in the second quarter worth about $29,000. Finally, Reyes Financial Architecture Inc. acquired a new position in Everpure in the third quarter worth about $48,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

About Everpure

Everpure, formerly known as Pure Storage, provides data storage and management technology for businesses and other organizations. Its offerings are designed to support applications, databases, analytics, cloud environments and other data-intensive workloads. The company’s portfolio includes FlashArray systems for block and file storage, FlashBlade systems for unstructured data and high-performance workloads, and Pure1 software for monitoring and managing storage environments. Everpure also offers subscription-based services, including its Evergreen storage model.