Everpure, Inc. (NYSE:P – Get Free Report) Director Andrew Brown sold 4,268 shares of the business’s stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $156.03, for a total transaction of $665,936.04. Following the completion of the sale, the director owned 23,415 shares in the company, valued at approximately $3,653,442.45. The trade was a 15.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Everpure Price Performance
P opened at $133.17 on Friday. The firm’s 50-day moving average is $115.20. Everpure, Inc. has a 52 week low of $56.78 and a 52 week high of $157.57. The company has a market cap of $44.38 billion, a P/E ratio of 174.68, a PEG ratio of 4.72 and a beta of 1.39.
Everpure (NYSE:P – Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.51. Everpure had a return on equity of 19.06% and a net margin of 5.94%. The firm had revenue of $1.19 billion during the quarter. The business’s revenue for the quarter was up 37.7% compared to the same quarter last year. As a group, analysts forecast that Everpure, Inc. will post 0.95 earnings per share for the current year.
Key Stories Impacting Everpure
Here are the key news stories impacting Everpure this week:
- Positive Sentiment: Everpure’s fiscal second-quarter results remain a fundamental support. Revenue surged 37.7% year over year to $1.19 billion, driven by enterprise-storage demand and subscription growth, while EPS of $0.70 beat the $0.19 consensus estimate. Everpure Revenues Surge 38% in Q2
- Positive Sentiment: Everpure was added to the Invesco S&P 500 Equal Weight ETF (RSP), which could provide incremental institutional demand and improve visibility. Invesco S&P 500 Equal Weight ETF Adds Everpure
- Neutral Sentiment: Analyst sentiment remains broadly favorable, with 17 Buy ratings, four Holds and one Sell, producing a “Moderate Buy” consensus. However, the average price target of $143.25 is below recent trading levels, suggesting limited near-term upside in analysts’ estimates.
- Negative Sentiment: Several insiders have recently sold shares. Ajay Singh sold 18,267 shares for approximately $2.8 million, while John Colgrove sold 100,000 shares for about $15.4 million. Colgrove’s sale was made under a pre-arranged Rule 10b5-1 plan, reducing its significance as a signal about management’s outlook, but the repeated transactions may still weigh on sentiment. Everpure Insider Sells Stock
- Negative Sentiment: Valuation remains demanding after the stock’s strong rally. Everpure trades at roughly 182 times earnings and has a PEG ratio above 5, leaving shares vulnerable if growth slows or results fail to exceed elevated expectations.
- Negative Sentiment: A hotter-than-expected 3.7% inflation reading, driven partly by higher energy costs, lifted bond yields and pressured growth-oriented technology stocks broadly. Higher interest rates can reduce the appeal of high-multiple companies such as Everpure. Technology Stocks Fall as Inflation Raises Bond Yields
Institutional Investors Weigh In On Everpure
Institutional investors have recently made changes to their positions in the company. Continuum Advisory LLC bought a new stake in shares of Everpure in the 2nd quarter worth about $29,000. Reflection Asset Management bought a new position in Everpure during the 4th quarter valued at about $32,000. SHP Wealth Management bought a new position in Everpure during the 4th quarter valued at about $36,000. Fortitude Family Office LLC grew its holdings in Everpure by 49.0% during the 3rd quarter. Fortitude Family Office LLC now owns 362 shares of the company’s stock valued at $47,000 after purchasing an additional 119 shares during the last quarter. Finally, Ancora Advisors LLC purchased a new stake in Everpure in the 2nd quarter worth about $67,000. Institutional investors own 83.42% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have weighed in on P. Susquehanna restated a “positive” rating and set a $145.00 price target on shares of Everpure in a report on Thursday, August 27th. Zacks Research downgraded Everpure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. UBS Group upped their price objective on Everpure from $70.00 to $80.00 and gave the stock a “sell” rating in a report on Thursday, August 27th. Northland Securities set a $167.00 price objective on Everpure in a report on Thursday, September 24th. Finally, Barclays increased their target price on Everpure from $110.00 to $132.00 and gave the company an “equal weight” rating in a research report on Friday, September 25th. Eighteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $143.25.
View Our Latest Research Report on P
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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