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

Everpure, Inc. (NYSE:PGet Free Report) Director Mallun Yen sold 4,735 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $76.90, for a total transaction of $364,121.50. Following the completion of the transaction, the director owned 43,281 shares in the company, valued at approximately $3,328,308.90. This trade represents a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Everpure Price Performance

Everpure stock opened at $72.82 on Thursday. The firm has a market cap of $24.21 billion, a PE ratio of 110.34, a P/E/G ratio of 4.09 and a beta of 1.44. Everpure, Inc. has a 12-month low of $53.43 and a 12-month high of $100.59. The business’s 50-day moving average price is $76.71.

Everpure (NYSE:PGet Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The company’s revenue was up 35.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 earnings per share. On average, equities research analysts predict that Everpure, Inc. will post 0.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Everpure

Institutional investors have recently bought and sold shares of the business. Bigelow Investment Advisors LLC purchased a new position in shares of Everpure in the 1st quarter valued at $231,000. Janney Montgomery Scott LLC raised its position in Everpure by 46.0% in the first quarter. Janney Montgomery Scott LLC now owns 28,138 shares of the company’s stock valued at $1,661,000 after purchasing an additional 8,861 shares during the period. Pictet Asset Management Holding SA raised its position in Everpure by 22.9% in the first quarter. Pictet Asset Management Holding SA now owns 157,702 shares of the company’s stock valued at $9,302,000 after purchasing an additional 29,386 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of Everpure during the first quarter worth about $5,367,000. Finally, Fiduciary Alliance LLC lifted its stake in shares of Everpure by 23.9% during the first quarter. Fiduciary Alliance LLC now owns 13,875 shares of the company’s stock worth $900,000 after purchasing an additional 2,675 shares in the last quarter. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on P shares. Needham & Company LLC restated a “buy” rating and set a $100.00 price objective on shares of Everpure in a report on Thursday, May 28th. Guggenheim upped their target price on Everpure from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Barclays increased their target price on Everpure from $81.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. UBS Group raised their price target on Everpure from $63.00 to $70.00 and gave the stock a “sell” rating in a research note on Thursday, May 28th. Finally, Northland Securities set a $90.00 price target on Everpure in a report on Thursday, May 28th. Thirteen equities research 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.32.

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About Everpure

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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.

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