Everpure, Inc. (NYSE:P – Get Free Report) insider John Colgrove sold 200,000 shares of Everpure stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $85.93, for a total value of $17,186,000.00. Following the completion of the transaction, the insider owned 6,625,221 shares of the company’s stock, valued at approximately $569,305,240.53. The trade was a 2.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
John Colgrove also recently made the following trade(s):
- On Thursday, May 7th, John Colgrove sold 29,108 shares of Everpure stock. The stock was sold at an average price of $75.31, for a total value of $2,192,123.48.
- On Wednesday, May 6th, John Colgrove sold 27,578 shares of Everpure stock. The stock was sold at an average price of $75.01, for a total value of $2,068,625.78.
- On Tuesday, May 5th, John Colgrove sold 77,579 shares of Everpure stock. The shares were sold at an average price of $75.12, for a total value of $5,827,734.48.
- On Friday, April 24th, John Colgrove sold 28,935 shares of Everpure stock. The shares were sold at an average price of $70.01, for a total value of $2,025,739.35.
- On Thursday, April 23rd, John Colgrove sold 71,959 shares of Everpure stock. The shares were sold at an average price of $70.06, for a total value of $5,041,447.54.
- On Wednesday, April 22nd, John Colgrove sold 82,266 shares of Everpure stock. The shares were sold at an average price of $70.50, for a total value of $5,799,753.00.
- On Tuesday, April 21st, John Colgrove sold 16,840 shares of Everpure stock. The shares were sold at an average price of $70.06, for a total value of $1,179,810.40.
Everpure Price Performance
NYSE:P traded up $1.19 during midday trading on Wednesday, reaching $84.52. 2,620,229 shares of the company traded hands, compared to its average volume of 3,301,896. Everpure, Inc. has a twelve month low of $50.20 and a twelve month high of $100.59. The firm has a market capitalization of $27.93 billion, a P/E ratio of 153.68, a P/E/G ratio of 6.52 and a beta of 1.44.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. Bigelow Investment Advisors LLC acquired a new position in Everpure during the 1st quarter worth $231,000. Janney Montgomery Scott LLC boosted its position in Everpure by 46.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 28,138 shares of the company’s stock worth $1,661,000 after acquiring an additional 8,861 shares during the period. Pictet Asset Management Holding SA boosted its position in Everpure by 22.9% during the 1st quarter. Pictet Asset Management Holding SA now owns 157,702 shares of the company’s stock worth $9,302,000 after acquiring an additional 29,386 shares during the period. Louisiana State Employees Retirement System bought a new stake in shares of Everpure in the 1st quarter worth $5,367,000. Finally, Fiduciary Alliance LLC raised its stake in shares of Everpure by 23.9% in the 1st quarter. Fiduciary Alliance LLC now owns 13,875 shares of the company’s stock worth $900,000 after buying an additional 2,675 shares in the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on P. Citigroup reduced their price objective on Everpure from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Barclays boosted their price target on Everpure from $77.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. Weiss Ratings initiated coverage on Everpure in a research report on Monday, April 20th. They set a “hold (c)” rating for the company. Wedbush reiterated an “outperform” rating and set a $100.00 price target on shares of Everpure in a research report on Monday, February 23rd. Finally, UBS Group boosted their price target on Everpure from $60.00 to $63.00 and gave the stock a “sell” rating in a research report on Thursday, February 26th. Thirteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.21.
Get Our Latest Stock Report on Everpure
Everpure Company Profile
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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