Insider Selling: Everpure (NYSE:P) Insider Sells $11,721,000.00 in Stock

Everpure, Inc. (NYSE:PGet Free Report) insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $117.21, for a total transaction of $11,721,000.00. Following the completion of the sale, the insider directly owned 6,074,080 shares of the company’s stock, valued at approximately $711,942,916.80. This represents a 1.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 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 transaction of $7,611,873.60.
  • On Tuesday, August 11th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $104.39, for a total value of $10,439,000.00.
  • On Monday, August 10th, John Colgrove sold 200,000 shares of Everpure stock. The shares were sold at an average price of $96.98, for a total transaction of $19,396,000.00.
  • On Friday, August 7th, John Colgrove sold 35,185 shares of Everpure stock. The shares were sold at an average price of $90.01, for a total transaction of $3,167,001.85.
  • On Tuesday, August 4th, John Colgrove sold 89,720 shares of Everpure stock. The stock was sold at an average price of $85.66, for a total value of $7,685,415.20.
  • On Friday, July 10th, John Colgrove sold 100,000 shares of Everpure stock. The stock was sold at an average price of $79.82, for a total value of $7,982,000.00.
  • On Friday, June 12th, John Colgrove sold 99,900 shares of Everpure stock. The shares were sold at an average price of $71.04, for a total transaction of $7,096,896.00.
  • On Wednesday, June 10th, John Colgrove sold 100 shares of Everpure stock. The shares were sold at an average price of $70.00, for a total transaction of $7,000.00.
  • On Tuesday, June 2nd, John Colgrove sold 10,280 shares of Everpure stock. The stock was sold at an average price of $85.32, for a total value of $877,089.60.

Everpure Price Performance

NYSE P traded down $1.13 during trading hours on Monday, reaching $117.03. 3,039,558 shares of the company’s stock were exchanged, compared to its average volume of 3,298,572. The firm has a market capitalization of $38.90 billion, a P/E ratio of 177.32, a price-to-earnings-growth ratio of 6.63 and a beta of 1.45. The business’s 50-day moving average price is $78.64. Everpure, Inc. has a one year low of $54.37 and a one year high of $118.81.

Everpure (NYSE:PGet Free Report) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $997.88 million. During the same quarter in the prior year, the company earned $0.29 earnings per share. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. Analysts predict that Everpure, Inc. will post 0.93 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Lake Street Capital increased their target price on Everpure from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Citigroup upgraded Everpure from a “neutral” rating to a “buy” rating and boosted their price target for the company from $90.00 to $118.00 in a report on Tuesday, August 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of Everpure in a research report on Thursday, May 28th. William Blair reissued an “outperform” rating on shares of Everpure in a research report on Thursday, May 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Everpure in a research note on Friday, July 17th. Sixteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $101.45.

Check Out Our Latest Stock Analysis on P

Hedge Funds Weigh In On Everpure

Hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC bought a new position in Everpure in the first quarter valued at approximately $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Everpure by 129.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock valued at $387,000 after buying an additional 4,926 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Everpure by 109.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock valued at $50,377,000 after buying an additional 595,307 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Everpure by 4.2% in the first quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock valued at $212,000 after buying an additional 194 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Everpure by 261.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock valued at $184,000 after buying an additional 2,316 shares in the last quarter. Institutional investors own 83.42% of the company’s stock.

Everpure Company Profile

(Get Free Report)

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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