John Colgrove Sells 100,000 Shares of Everpure (NYSE:P) Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 100,000 shares of Everpure stock in a transaction on Friday, July 10th. The stock was sold at an average price of $79.82, for a total transaction of $7,982,000.00. Following the transaction, the insider owned 2,565,000 shares in the company, valued at approximately $204,738,300. This trade represents a 3.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 stock was 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 shares were 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 stock was 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 stock was 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 shares were sold at an average price of $75.01, for a total value 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 stock was sold at an average price of $70.50, for a total transaction of $5,799,753.00.

Everpure Price Performance

Shares of NYSE P opened at $70.80 on Thursday. The company has a market capitalization of $23.53 billion, a P/E ratio of 107.28, a PEG ratio of 4.36 and a beta of 1.45. Everpure, Inc. has a twelve month low of $53.43 and a twelve month high of $100.59. The business’s fifty day moving average price is $77.22.

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

Key Stories Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure’s earlier earnings report was strong, with EPS of $0.47 beating estimates and revenue of $1.05 billion topping expectations, while revenue grew 35.2% year over year. That underlying business performance continues to support the stock.
• Positive Sentiment: Analysts remain broadly constructive, with a consensus “Moderate Buy” rating and an average price target of $96.50, suggesting Wall Street still sees upside from current levels.
• Positive Sentiment: Everpure also got a sector lift after reports that IBM’s revenue warning pointed to enterprise IT spending shifting toward servers and memory, which helped push related infrastructure stocks higher. Everpure and NetApp Stocks Trade Up, What You Need To Know
• Neutral Sentiment: One article highlighted Everpure among hardware and infrastructure stocks that have recently outperformed after strong quarterly results, reinforcing the view that the company is benefiting from favorable industry trends. Q1 earnings outperformers: Hewlett Packard Enterprise (NYSE:HPE) and the rest of the hardware & infrastructure stocks
• Negative Sentiment: Recent insider selling may be weighing on shares, including Director Susan J.S. Taylor’s sale of 8,543 shares and insider John Colgrove’s sale of 100,000 shares. Although the Colgrove trade was made under a pre-arranged 10b5-1 plan, heavy insider selling can still unsettle investors. Insider Selling: Everpure (NYSE:P) Insider Sells 100,000 Shares

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in Everpure during the 4th quarter worth about $265,327,000. Atreides Management LP purchased a new position in Everpure in the second quarter worth $204,552,000. Polar Capital Holdings Plc increased its stake in Everpure by 90.5% in the third quarter. Polar Capital Holdings Plc now owns 2,831,141 shares of the company’s stock valued at $237,278,000 after acquiring an additional 1,345,207 shares during the last quarter. AQR Capital Management LLC raised its position in Everpure by 62.7% during the fourth quarter. AQR Capital Management LLC now owns 3,414,715 shares of the company’s stock valued at $228,820,000 after purchasing an additional 1,315,351 shares in the last quarter. Finally, Turiya Advisors Asia Ltd purchased a new stake in Everpure during the fourth quarter valued at about $67,010,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Wall Street Analysts Forecast Growth

P has been the subject of several recent analyst reports. DA Davidson set a $100.00 price objective on shares of Everpure in a research report on Wednesday, July 1st. 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. Wells Fargo & Company raised their price objective on Everpure from $90.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Piper Sandler reaffirmed an “overweight” rating on shares of Everpure in a research report on Thursday, May 28th. Finally, UBS Group increased their target price on Everpure from $63.00 to $70.00 and gave the stock a “sell” rating in a report on Thursday, May 28th. Thirteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus 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.