Everpure (NYSE:P) Director Mallun Yen Sells 11,942 Shares of Stock

Everpure, Inc. (NYSE:P) Director Mallun Yen sold 11,942 shares of Everpure stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $146.97, for a total transaction of $1,755,115.74. Following the completion of the sale, the director owned 31,339 shares of the company’s stock, valued at $4,605,892.83. This trade represents a 27.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Everpure Trading Down 1.1%

Shares of P traded down $1.60 during mid-day trading on Thursday, hitting $151.06. 5,733,025 shares of the company’s stock were exchanged, compared to its average volume of 3,802,879. The firm’s fifty day simple moving average is $107.11. Everpure, Inc. has a twelve month low of $56.78 and a twelve month high of $157.05. The firm has a market capitalization of $50.34 billion, a PE ratio of 206.93, a price-to-earnings-growth ratio of 4.91 and a beta of 1.39.

Everpure (NYSE:P) last released its quarterly earnings data 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 firm’s revenue was up 37.7% on a year-over-year basis. As a group, equities research analysts forecast that Everpure, Inc. will post 0.95 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on P. Barclays lifted their target price on shares of Everpure from $110.00 to $132.00 and gave the stock an “equal weight” rating in a report on Friday, September 25th. Zacks Research lowered Everpure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Bank of America raised Everpure from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $90.00 to $150.00 in a research report on Thursday, August 27th. Raymond James Financial restated an “outperform” rating and set a $122.00 target price on shares of Everpure in a research note on Thursday, August 27th. Finally, DA Davidson set a $100.00 target price on Everpure in a report on Wednesday, July 1st. Seventeen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.00.

Key Everpure News

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Needham raised its price target to $185 from $150 and assigned a Buy rating, implying roughly 22.5% potential upside from the referenced price. The upgrade reinforces expectations for continued growth. Needham raises Everpure price target
• Positive Sentiment: Everpure’s shares have gained about 36% since the company increased its long-term revenue targets at its investor day. Coverage has linked the rally to the company’s positioning as an AI and data-center infrastructure beneficiary. Everpure stock rally and revenue targets
• Positive Sentiment: Management is urging partners to look “beyond storage,” signaling an effort to expand Everpure’s role beyond its core storage products and capture broader technology spending. Everpure urges partners beyond storage
• Positive Sentiment: Wall Street’s consensus remains “Moderate Buy,” with 17 Buy ratings, three Holds and one Sell among 21 analysts. Jim Cramer also said the stock could have further room to run, adding to favorable sentiment. Everpure analyst consensus
• Neutral Sentiment: Everpure recently reported strong operating results, including $0.70 in quarterly EPS versus a $0.19 consensus estimate and 37.7% year-over-year revenue growth. However, those results are from the prior quarter and may already be reflected in the stock.
• Negative Sentiment: Valuation concerns are increasing after the rally. GuruFocus characterized the shares as overvalued, while the stock trades at roughly 207 times earnings and a PEG ratio near 4.9. Everpure valuation analysis
• Negative Sentiment: Chief Accounting Officer Mona Chu sold 2,852 shares worth approximately $400,000. She retained a substantial stake, but the insider sale may add caution following the stock’s rapid advance.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Turiya Advisors Asia Ltd bought a new position in shares of Everpure during the fourth quarter worth approximately $67,010,000. JANA Partners Management LP acquired a new stake in shares of Everpure during the 2nd quarter worth $77,939,000. Franklin Resources Inc. increased its position in shares of Everpure by 28.5% in the fourth quarter. Franklin Resources Inc. now owns 3,007,431 shares of the company’s stock worth $201,528,000 after purchasing an additional 666,941 shares during the period. Artemis Investment Management LLP raised its stake in Everpure by 100.1% in the third quarter. Artemis Investment Management LLP now owns 775,776 shares of the company’s stock valued at $101,456,000 after purchasing an additional 388,066 shares in the last quarter. Finally, Raiffeisen Bank International AG bought a new stake in Everpure during the second quarter worth about $25,525,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

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.