3,529 Shares in Everpure, Inc. $P Bought by Gainplan LLC

Gainplan LLC acquired a new position in shares of Everpure, Inc. (NYSE:P) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,529 shares of the company’s stock, valued at approximately $462,000.

Several other large investors also recently made changes to their positions in the stock. Continuum Advisory LLC acquired a new stake in shares of Everpure during the 2nd quarter worth about $29,000. Reflection Asset Management acquired a new stake in shares of Everpure during the fourth quarter worth $32,000. SHP Wealth Management acquired a new stake in shares of Everpure during the fourth quarter worth $36,000. Ancora Advisors LLC bought a new stake in shares of Everpure in the second quarter valued at about $67,000. Finally, Apella Capital LLC bought a new stake in shares of Everpure in the third quarter valued at about $184,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insider Activity at Everpure

In other news, insider Ajay Singh sold 42,930 shares of the firm’s stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $124.17, for a total transaction of $5,330,618.10. Following the completion of the transaction, the insider owned 288,362 shares of the company’s stock, valued at approximately $35,805,909.54. This trade represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Colgrove sold 200,000 shares of Everpure stock in a transaction on Monday, August 10th. The stock was sold at an average price of $96.98, for a total transaction of $19,396,000.00. Following the transaction, the insider owned 6,474,080 shares in the company, valued at approximately $627,856,278.40. This trade represents a 3.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 947,444 shares of company stock valued at $99,631,875. Corporate insiders own 5.10% of the company’s stock.

Everpure News Summary

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Needham raised its price target from $150 to $185 and maintained a “Buy” rating. The upgrade reflects confidence that Everpure’s hyperscale solutions and data software could expand its long-term addressable market. Needham Everpure price target and market opportunity
• Positive Sentiment: AI and data-center demand remain the main growth catalyst. Recent coverage says Everpure’s shares have risen about 36% since the company increased its long-term revenue targets at its investor day, as investors anticipate stronger demand for storage and related software. Everpure rally and revenue targets
• Neutral Sentiment: Investors are paying a high price for the growth story. Everpure trades at roughly 77.7 times adjusted trailing earnings, while the company’s reported price-to-earnings ratio is above 200. Supporters are betting that projected earnings growth will make the valuation more reasonable, but any slowdown could increase volatility. Everpure valuation analysis
• Negative Sentiment: Director Mallun Yen sold 11,942 shares worth approximately $1.76 million, reducing her position by 27.59%. The transaction occurred under a pre-arranged Rule 10b5-1 trading plan, which makes it less concerning than discretionary selling, but it may still weigh on sentiment after the recent rally. Everpure director stock sale

Everpure Trading Down 1.1%

Shares of P opened at $151.06 on Friday. The firm has a market cap of $50.34 billion, a PE ratio of 206.93, a PEG ratio of 5.09 and a beta of 1.39. Everpure, Inc. has a 12-month low of $56.78 and a 12-month high of $157.05. The stock has a 50-day moving average price of $108.63.

Everpure (NYSE:P) last announced its quarterly earnings results on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates 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%.Everpure’s revenue for the quarter was up 37.7% compared to the same quarter last year. As a group, equities analysts forecast that Everpure, Inc. will post 0.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on P shares. Northland Securities set a $167.00 price target on shares of Everpure in a research report on Thursday, September 24th. Oppenheimer reissued an “outperform” rating and issued a $140.00 price objective on shares of Everpure in a report on Thursday, August 20th. TD Cowen raised their target price on shares of Everpure from $100.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, August 18th. Zacks Research downgraded shares of Everpure from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Barclays lifted their price target on shares of Everpure from $110.00 to $132.00 and gave the company an “equal weight” rating in a research report on Friday, September 25th. Seventeen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Everpure has an average rating of “Moderate Buy” and a consensus target price of $140.00.

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.