Sage Capital Advisors llc acquired a new stake in shares of Everpure, Inc. (NYSE:P – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 4,025 shares of the company’s stock, valued at approximately $526,000.
Several other hedge funds also recently modified their holdings of P. Continuum Advisory LLC acquired a new position in Everpure in the 2nd quarter worth about $29,000. Reflection Asset Management bought a new position in Everpure in the fourth quarter valued at about $32,000. SHP Wealth Management bought a new position in Everpure in the fourth quarter valued at about $36,000. Ancora Advisors LLC acquired a new stake in shares of Everpure during the second quarter valued at about $67,000. Finally, Apella Capital LLC acquired a new stake in shares of Everpure during the third quarter valued at about $184,000. Institutional investors and hedge funds own 83.42% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on P shares. Needham & Company LLC boosted their price target on Everpure from $150.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, October 8th. Northland Securities set a $167.00 price objective on shares of Everpure in a report on Thursday, September 24th. Wall Street Zen downgraded shares of Everpure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 12th. Wells Fargo & Company boosted their target price on shares of Everpure from $135.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, September 24th. Finally, Lake Street Capital raised their price target on shares of Everpure from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, September 24th. Seventeen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $143.25.
Everpure Stock Performance
Shares of P stock traded down $0.31 on Tuesday, hitting $155.00. The company had a trading volume of 1,734,540 shares, compared to its average volume of 3,796,227. The stock has a market cap of $51.65 billion, a price-to-earnings ratio of 212.46, a P/E/G ratio of 5.15 and a beta of 1.39. The company’s 50-day moving average price is $111.68. Everpure, Inc. has a twelve month low of $56.78 and a twelve month high of $157.05.
Everpure (NYSE:P – Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.51. The company had revenue of $1.19 billion during the quarter. Everpure had a return on equity of 19.06% and a net margin of 5.94%. The business’s revenue for the quarter was up 37.7% compared to the same quarter last year. As a group, analysts expect that Everpure, Inc. will post 0.95 EPS for the current fiscal year.
Insider Activity
In other news, insider Ajay Singh sold 42,930 shares of the business’s stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $124.17, for a total value of $5,330,618.10. Following the transaction, the insider owned 288,362 shares in the company, valued at approximately $35,805,909.54. The trade was a 12.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Colgrove sold 100,000 shares of the company’s stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $115.96, for a total transaction of $11,596,000.00. 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 quarter, insiders sold 947,444 shares of company stock worth $99,631,875. 5.10% of the stock is owned by company insiders.
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.
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