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

Everpure, Inc. (NYSE:P) insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $100.77, for a total value of $10,077,000.00. Following the completion of the sale, the insider directly owned 2,365,000 shares in the company, valued at approximately $238,321,050. This trade represents a 4.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 Wednesday, October 14th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $145.00, for a total value 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 shares were 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 Price Performance

P stock traded up $3.69 on Thursday, reaching $110.19. The company’s stock had a trading volume of 2,108,926 shares, compared to its average volume of 3,751,476. Everpure, Inc. has a 52 week low of $56.78 and a 52 week high of $157.57. The company has a market capitalization of $36.72 billion, a P/E ratio of 150.95, a P/E/G ratio of 3.40 and a beta of 1.43. The business has a fifty day simple moving average of $120.59.

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

Institutional Trading of Everpure

Several institutional investors and hedge funds have recently bought and sold shares of P. JANA Partners Management LP acquired a new position in shares of Everpure in the second quarter worth about $77,939,000. Assenagon Asset Management S.A. raised its position in Everpure by 504.0% during the third quarter. Assenagon Asset Management S.A. now owns 994,061 shares of the company’s stock valued at $130,003,000 after buying an additional 829,476 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Everpure by 15,793.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 451,842 shares of the company’s stock worth $60,606,000 after purchasing an additional 448,999 shares during the period. Artemis Investment Management LLP boosted its stake in shares of Everpure by 100.1% during the 3rd quarter. Artemis Investment Management LLP now owns 775,776 shares of the company’s stock valued at $101,456,000 after buying an additional 388,066 shares during the period. Finally, Raiffeisen Bank International AG purchased a new position in Everpure in the second quarter valued at about $25,525,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Northland Securities set a $167.00 target price on Everpure and gave the company an “outperform” rating in a research note on Thursday, September 24th. 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. Wedbush restated an “outperform” rating and set a $130.00 price objective on shares of Everpure in a research report on Thursday, September 24th. Weiss Ratings raised shares of Everpure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 14th. Finally, Barclays increased their target price on shares of Everpure from $110.00 to $132.00 and gave the company an “equal weight” rating in a research note on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Everpure presently has an average rating of “Moderate Buy” and a consensus target price of $149.05.

Everpure Company Profile

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.