Everpure, Inc. (NYSE:P – Get Free Report) CAO Mona Chu sold 5,112 shares of Everpure stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $151.40, for a total value of $773,956.80. Following the completion of the transaction, the chief accounting officer owned 125,982 shares of the company’s stock, valued at $19,073,674.80. The trade was a 3.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Mona Chu also recently made the following trade(s):
- On Friday, October 2nd, Mona Chu sold 2,852 shares of Everpure stock. The stock was sold at an average price of $140.20, for a total value of $399,850.40.
Everpure Price Performance
P stock opened at $133.17 on Friday. The stock’s 50 day moving average price is $115.20. Everpure, Inc. has a fifty-two week low of $56.78 and a fifty-two week high of $157.57. The stock has a market capitalization of $44.38 billion, a price-to-earnings ratio of 174.68, a price-to-earnings-growth ratio of 4.72 and a beta of 1.39.
Everpure (NYSE:P – Get Free Report) last issued its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share 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 firm had revenue of $1.19 billion for the quarter. The firm’s revenue for the quarter was up 37.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Everpure, Inc. will post 0.95 earnings per share for the current fiscal year.
Key Everpure News
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 Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Mariner LLC raised its holdings in shares of Everpure by 3.1% in the fourth quarter. Mariner LLC now owns 2,679,161 shares of the company’s stock valued at $179,538,000 after buying an additional 80,039 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Everpure by 504.0% during the third quarter. Assenagon Asset Management S.A. now owns 994,061 shares of the company’s stock worth $130,003,000 after buying an additional 829,476 shares during the period. JANA Partners Management LP acquired a new stake in shares of Everpure during the second quarter worth about $77,939,000. Artemis Investment Management LLP grew its holdings in shares of Everpure by 100.1% during the third quarter. Artemis Investment Management LLP now owns 775,776 shares of the company’s stock worth $101,456,000 after buying an additional 388,066 shares during the last quarter. Finally, Engineers Gate Manager LP grew its holdings in shares of Everpure by 158.1% during the fourth quarter. Engineers Gate Manager LP now owns 415,037 shares of the company’s stock worth $27,812,000 after buying an additional 254,211 shares during the last quarter. 83.42% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on P shares. Morgan Stanley raised their target price on Everpure from $119.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, September 24th. Barclays raised their price target on Everpure from $110.00 to $132.00 and gave the stock an “equal weight” rating in a research note on Friday, September 25th. TD Cowen lifted their price target on Everpure from $100.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. Zacks Research cut Everpure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Lake Street Capital boosted their price objective on Everpure from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, September 24th. Eighteen 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $143.25.
Get Our Latest Research 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.
Featured Stories
- Five stocks we like better than Everpure
- ASML Can’t Keep Up With AI Demand—Why That’s a Good Thing
- Enovix’s 100,000-Battery Drone Order Sets Up a Test of Its Production Plans
- AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle
- Beyond the GPU: Credo Paves the Next AI Data Superhighway
Receive News & Ratings for Everpure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everpure and related companies with MarketBeat.com's FREE daily email newsletter.
