Insider Selling: Everpure (NYSE:P) Insider Sells $2,068,625.78 in Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 27,578 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $75.01, for a total value of $2,068,625.78. Following the sale, the insider directly owned 496,802 shares of the company’s stock, valued at approximately $37,265,118.02. The trade was a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Colgrove also recently made the following trade(s):

• 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 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 value 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 value of $2,025,739.35.
• On Thursday, April 23rd, John Colgrove sold 71,959 shares of Everpure stock. The stock was sold at an average price of $70.06, for a total value 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 value of $5,799,753.00.
• On Tuesday, April 21st, John Colgrove sold 16,840 shares of Everpure stock. The stock was sold at an average price of $70.06, for a total value of $1,179,810.40.

Everpure Price Performance

NYSE P opened at $78.04 on Friday. Everpure, Inc. has a 52-week low of $48.31 and a 52-week high of $100.59. The company has a market cap of $25.79 billion, a P/E ratio of 141.90, a price-to-earnings-growth ratio of 5.83 and a beta of 1.44.

Everpure (NYSE:P) last posted its earnings results on Wednesday, February 25th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. Everpure had a return on equity of 14.36% and a net margin of 5.14%.The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the business earned $0.45 EPS. Everpure’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, sell-side analysts expect that Everpure, Inc. will post 0.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Weiss Ratings assumed coverage on Everpure in a research report on Monday, April 20th. They set a “hold (c)” rating for the company. Wall Street Zen raised Everpure from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Wedbush reaffirmed an “outperform” rating and set a $100.00 price target on shares of Everpure in a research report on Monday, February 23rd. JPMorgan Chase & Co. reduced their price target on Everpure from $105.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Finally, UBS Group upped their price target on Everpure from $60.00 to $63.00 and gave the stock a “sell” rating in a research report on Thursday, February 26th. Thirteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $93.21.

Institutional Investors Weigh In On Everpure

Large investors have recently made changes to their positions in the stock. Winnow Wealth LLC acquired a new stake in shares of Everpure in the 3rd quarter valued at approximately $26,000. Provenance Wealth Advisors LLC acquired a new stake in shares of Everpure in the 3rd quarter valued at approximately $27,000. Sunbelt Securities Inc. boosted its holdings in shares of Everpure by 287.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after buying an additional 244 shares during the last quarter. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Everpure in the 3rd quarter valued at approximately $28,000. Finally, Assetmark Inc. boosted its holdings in shares of Everpure by 186.6% in the 3rd quarter. Assetmark Inc. now owns 341 shares of the company’s stock valued at $29,000 after buying an additional 222 shares during the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

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.