Andrew William Fraser Brown Sells 4,735 Shares of Everpure (NYSE:P) Stock

Everpure, Inc. (NYSE:P) Director Andrew William Fraser Brown sold 4,735 shares of Everpure stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $72.57, for a total transaction of $343,618.95. Following the completion of the sale, the director owned 27,683 shares of the company’s stock, valued at $2,008,955.31. This represents a 14.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Everpure Stock Up 9.5%

Everpure stock opened at $79.16 on Wednesday. The firm has a market cap of $26.31 billion, a P/E ratio of 119.94, a PEG ratio of 4.09 and a beta of 1.44. Everpure, Inc. has a 12-month low of $53.43 and a 12-month high of $100.59. The company’s fifty day moving average is $76.41.

Everpure (NYSE:P) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The business’s revenue was up 35.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 earnings per share. On average, analysts anticipate that Everpure, Inc. will post 0.92 earnings per share for the current fiscal year.

Everpure News Summary

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Reports say activist investor Jana Partners has taken a new stake in Everpure, sparking expectations of shareholder-friendly changes or strategic action. Activist Jana Partners has new stake in Everpure, sources
• Positive Sentiment: Everpure’s recent update highlighted a strong liquidity position, including a large cash balance and net-cash status, which supports financial flexibility and may reassure investors. Everpure’s Resilient Liquidity Position Outpaces Its Competitors
• Neutral Sentiment: Broker coverage remains supportive overall, with analysts maintaining a consensus Moderate Buy view, though price targets remain mixed. Everpure, Inc. Receives Average Recommendation of “Moderate Buy” from Brokerages
• Negative Sentiment: Director Andrew William Fraser Brown sold 4,735 shares, a transaction that can be viewed as a mild bearish signal even though insider sales do not always indicate trouble. Insider Selling: Everpure (NYSE:P) Director Sells 4,735 Shares of Stock

Analyst Ratings Changes

Several research analysts have issued reports on P shares. Citigroup lowered Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a report on Thursday, May 14th. Weiss Ratings began coverage on Everpure in a research report on Monday, April 20th. They set a “hold (c)” rating on the stock. Lake Street Capital increased their target price on Everpure from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Barclays lifted their price target on shares of Everpure from $81.00 to $84.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Finally, UBS Group boosted their price target on shares of Everpure from $63.00 to $70.00 and gave the company a “sell” rating in a research note on Thursday, May 28th. Thirteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $96.32.

Institutional Trading of Everpure

Institutional investors and hedge funds have recently modified their holdings of the stock. Provenance Wealth Advisors LLC purchased a new position in shares of Everpure during the third quarter valued at approximately $27,000. Salomon & Ludwin LLC raised its position in Everpure by 108.2% in the 4th quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock valued at $27,000 after buying an additional 199 shares during the last quarter. Foster Dykema Cabot & Partners LLC purchased a new stake in Everpure in the 3rd quarter valued at $28,000. Sunbelt Securities Inc. lifted its stake in Everpure by 287.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after acquiring an additional 244 shares in the last quarter. Finally, Cornerstone Planning Group LLC lifted its stake in Everpure by 2,884.6% during the 4th quarter. Cornerstone Planning Group LLC now owns 388 shares of the company’s stock valued at $29,000 after acquiring an additional 375 shares in the last quarter. 83.42% of the stock is owned by hedge funds and other institutional investors.

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.