John Colgrove Sells 89,720 Shares of Everpure (NYSE:P) Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 89,720 shares of Everpure stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $85.66, for a total value of $7,685,415.20. Following the completion of the transaction, the insider directly owned 6,509,265 shares of the company’s stock, valued at approximately $557,583,639.90. This trade represents a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Colgrove also recently made the following trade(s):

• On Friday, July 10th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $79.82, for a total value of $7,982,000.00.
• On Friday, June 12th, John Colgrove sold 99,900 shares of Everpure stock. The stock was sold at an average price of $71.04, for a total value of $7,096,896.00.
• On Wednesday, June 10th, John Colgrove sold 100 shares of Everpure stock. The shares were sold at an average price of $70.00, for a total value of $7,000.00.
• On Tuesday, June 2nd, John Colgrove sold 10,280 shares of Everpure stock. The shares were sold at an average price of $85.32, for a total value of $877,089.60.
• On Monday, May 11th, John Colgrove sold 200,000 shares of Everpure stock. The stock was sold at an average price of $85.93, for a total value of $17,186,000.00.

Everpure Trading Up 3.1%

Shares of P stock opened at $89.92 on Friday. The firm has a market cap of $29.89 billion, a P/E ratio of 136.25, a price-to-earnings-growth ratio of 4.94 and a beta of 1.45. Everpure, Inc. has a 52 week low of $54.37 and a 52 week high of $100.59. The stock’s 50 day moving average is $75.54.

Everpure (NYSE:P) last released its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. Everpure’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 EPS. As a group, equities analysts expect that Everpure, Inc. will post 0.92 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on P. Weiss Ratings restated a “hold (c)” rating on shares of Everpure in a research note on Friday, July 17th. Lake Street Capital upped their price target on Everpure from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Piper Sandler reiterated an “overweight” rating on shares of Everpure in a report on Thursday, May 28th. DA Davidson set a $100.00 price objective on Everpure in a research note on Wednesday, July 1st. Finally, Barclays boosted their price objective on Everpure from $81.00 to $84.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Everpure presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.50.

Hedge Funds Weigh In On Everpure

A number of hedge funds and other institutional investors have recently modified their holdings of the business. PFA Pension Forsikringsaktieselskab bought a new stake in Everpure during the 4th quarter worth approximately $10,948,000. National Pension Service boosted its holdings in Everpure by 782.9% in the 4th quarter. National Pension Service now owns 665,667 shares of the company’s stock valued at $44,606,000 after purchasing an additional 590,274 shares during the period. ClearAlpha Technologies LP purchased a new position in shares of Everpure during the 4th quarter valued at $971,000. Geode Capital Management LLC grew its position in shares of Everpure by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 7,716,158 shares of the company’s stock valued at $515,972,000 after purchasing an additional 207,317 shares in the last quarter. Finally, Bleakley Financial Group LLC bought a new position in shares of Everpure in the fourth quarter worth $745,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

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.