Everpure (NYSE:P) CAO Sells $399,850.40 in Stock

Everpure, Inc. (NYSE:P – Get Free Report) CAO Mona Chu sold 2,852 shares of Everpure stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $140.20, for a total transaction of $399,850.40. Following the completion of the transaction, the chief accounting officer directly owned 131,094 shares of the company’s stock, valued at approximately $18,379,378.80. This trade represents a 2.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Everpure Stock Down 1.1%

Everpure stock opened at $151.06 on Friday. The business’s 50-day moving average price is $108.63. The firm has a market cap of $50.34 billion, a price-to-earnings ratio of 206.93, a PEG ratio of 5.09 and a beta of 1.39. Everpure, Inc. has a fifty-two week low of $56.78 and a fifty-two week high of $157.05.

Everpure (NYSE:P – Get Free Report) last issued its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.51. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The business had revenue of $1.19 billion during the quarter. The company’s quarterly revenue was up 37.7% on a year-over-year basis. Sell-side analysts anticipate that Everpure, Inc. will post 0.95 earnings per share for the current fiscal year.

Everpure News Roundup

Here are the key news stories impacting Everpure this week:

  • Positive Sentiment: Needham raised its price target to $185 and maintained a “Buy” rating, implying substantial upside from the recent trading level. The increase reflects continued confidence in Everpure’s growth prospects. Needham raises Everpure price target
  • Positive Sentiment: AI and data-center demand remain key catalysts. Recent coverage highlights the company’s expanded revenue outlook and efforts to encourage partners to pursue opportunities beyond traditional storage, supporting expectations for broader adoption of its data-storage products. Everpure stock rally and growth outlook
  • Positive Sentiment: Analyst sentiment remains favorable: 17 of 21 covering firms rate the stock Buy, producing a consensus “Moderate Buy” rating. Jim Cramer also said Everpure could have additional room to run. Everpure analyst consensus
  • Neutral Sentiment: Everpure’s valuation is demanding. The stock trades at more than 200 times earnings, so continued gains depend on strong execution and growth. The latest quarter was solid, with revenue up 37.7% year over year and EPS well above estimates, but investors may require further earnings acceleration to support the valuation. Everpure valuation analysis
  • Negative Sentiment: Insider selling may weigh on sentiment. Director Mallun Yen sold 11,942 shares worth approximately $1.76 million, following a recent sale by Chief Accounting Officer Mona Chu. Both transactions were disclosed under trading plans, which reduces their significance, but the sales could encourage profit-taking after the rally. Everpure director stock sale

Institutional Investors Weigh In On Everpure

Institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. increased its stake in Everpure by 28.5% during the 4th quarter. Franklin Resources Inc. now owns 3,007,431 shares of the company’s stock worth $201,528,000 after acquiring an additional 666,941 shares during the period. Mariner LLC lifted its position in shares of Everpure by 3.1% during the 4th quarter. Mariner LLC now owns 2,679,161 shares of the company’s stock valued at $179,538,000 after acquiring an additional 80,039 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Everpure by 20.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,554,240 shares of the company’s stock worth $104,150,000 after purchasing an additional 265,846 shares in the last quarter. Artemis Investment Management LLP grew its holdings in shares of Everpure by 100.1% during the 3rd quarter. Artemis Investment Management LLP now owns 775,776 shares of the company’s stock worth $101,456,000 after purchasing an additional 388,066 shares in the last quarter. Finally, JANA Partners Management LP acquired a new stake in shares of Everpure during the 2nd quarter worth $77,939,000. 83.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

P has been the topic of a number of recent analyst reports. Citigroup boosted their target price on Everpure from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. Northland Securities set a $167.00 price objective on shares of Everpure in a report on Thursday, September 24th. Zacks Research cut shares of Everpure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Needham & Company LLC lifted their target price on shares of Everpure from $150.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $140.00 target price on shares of Everpure in a report on Thursday, August 20th. Seventeen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Everpure has a consensus rating of “Moderate Buy” and an average target price of $140.00.

View Our Latest Research Report on P

About Everpure

(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.

See Also

Insider Buying and Selling by Quarter for Everpure (NYSE:P)

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