Mallun Yen Sells 4,735 Shares of Everpure (NYSE:P) Stock

Everpure, Inc. (NYSE:P) Director Mallun Yen sold 4,735 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $76.90, for a total transaction of $364,121.50. Following the sale, the director directly owned 43,281 shares of the company’s stock, valued at $3,328,308.90. The trade was a 9.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Everpure Price Performance

P stock traded up $0.46 during mid-day trading on Wednesday, hitting $72.82. 2,269,949 shares of the company were exchanged, compared to its average volume of 3,452,301. Everpure, Inc. has a twelve month low of $53.43 and a twelve month high of $100.59. The stock’s fifty day moving average is $76.80. The firm has a market cap of $24.21 billion, a P/E ratio of 110.34, a PEG ratio of 4.36 and a beta of 1.44.

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

Wall Street Analysts Forecast Growth

P has been the topic of a number of recent research reports. Wedbush raised their price target on shares of Everpure from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Lake Street Capital upped their target price on Everpure from $90.00 to $94.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Citigroup downgraded 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. William Blair restated an “outperform” rating on shares of Everpure in a research note on Thursday, May 28th. Finally, Barclays raised their target price on Everpure from $81.00 to $84.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Thirteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.32.

Institutional Trading of Everpure

Several large investors have recently added to or reduced their stakes in the business. Provenance Wealth Advisors LLC bought a new position in shares of Everpure in the third quarter worth $27,000. Sunbelt Securities Inc. raised its stake in shares of Everpure by 287.1% during the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after purchasing an additional 244 shares in the last quarter. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Everpure during the third quarter valued at about $28,000. Assetmark Inc. lifted its holdings in Everpure by 186.6% in the third quarter. Assetmark Inc. now owns 341 shares of the company’s stock worth $29,000 after purchasing an additional 222 shares during the period. Finally, Banque Transatlantique SA acquired a new stake in Everpure in the third quarter worth about $29,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

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.