Crumly & Associates Inc. Sells 4,293 Shares of Everpure, Inc. $P

Crumly & Associates Inc. decreased its holdings in Everpure, Inc. (NYSE:P) by 54.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,577 shares of the company’s stock after selling 4,293 shares during the quarter. Crumly & Associates Inc.’s holdings in Everpure were worth $468,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Continuum Advisory LLC acquired a new stake in Everpure during the 2nd quarter worth about $29,000. Reflection Asset Management purchased a new position in shares of Everpure in the fourth quarter worth approximately $32,000. SHP Wealth Management purchased a new stake in shares of Everpure in the 4th quarter valued at approximately $36,000. Ancora Advisors LLC purchased a new position in Everpure during the 2nd quarter worth approximately $67,000. Finally, Strive Financial Group LLC acquired a new stake in Everpure during the 2nd quarter valued at $158,000. 83.42% of the stock is owned by institutional investors.

Insider Buying and Selling at Everpure

In other news, CAO Mona Chu sold 2,852 shares of the firm’s stock in a transaction that occurred on 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 $18,379,378.80. This trade represents a 2.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ajay Singh sold 42,930 shares of the stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $124.17, for a total value of $5,330,618.10. Following the completion of the sale, the insider directly owned 288,362 shares of the company’s stock, valued at approximately $35,805,909.54. The trade was a 12.96% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,044,045 shares of company stock worth $106,557,064. Insiders own 5.10% of the company’s stock.

Key Everpure News

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Higher long-term targets drive the rally. Everpure’s stock has gained approximately 36% since the company raised its long-term revenue targets at a recent investor day. Investors appear encouraged by management’s growth outlook and the potential for data-center demand tied to AI workloads. Everpure Stock Rides 10-Day Winning Streak. What’s Driving the Rally
• Positive Sentiment: Analyst coverage remains favorable. Twenty-one firms collectively rate Everpure “Moderate Buy,” with 17 Buy ratings, three Holds, and one Sell. Recent target-price increases from Citigroup, Morgan Stanley, and other firms reinforce the bullish outlook, although the current share price has moved above the reported consensus target. Everpure Rated Moderate Buy
• Positive Sentiment: Positive media commentary adds momentum. Jim Cramer said Everpure could have further room to run after reviewing the stock among the S&P 500’s strongest recent performers. Such commentary may attract additional retail-investor interest. Jim Cramer Believes Everpure Could Have More Room to Run
• Neutral Sentiment: Strong operating momentum provides background support. Everpure’s latest reported revenue rose 37.7% year over year, while adjusted earnings significantly exceeded consensus estimates. However, the stock’s valuation is elevated, with a reported price-to-earnings ratio above 200, increasing sensitivity to any disappointment.
• Negative Sentiment: Chief accounting officer sold shares. CAO Mona Chu sold 2,852 shares for approximately $399,850, reducing her direct ownership by 2.13%. She still held 131,094 shares after the transaction, so the sale is a limited negative signal rather than a major change in insider alignment. Everpure CAO Sells Shares

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on P shares. Wedbush reiterated an “outperform” rating and issued a $130.00 target price on shares of Everpure in a report on Thursday, September 24th. Wells Fargo & Company lifted their target price on shares of Everpure from $135.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, September 24th. Evercore reaffirmed an “outperform” rating and issued a $145.00 price target on shares of Everpure in a research note on Thursday, September 24th. Piper Sandler lifted their price objective on Everpure from $133.00 to $162.00 and gave the company an “overweight” rating in a research report on Thursday, September 24th. Finally, Morgan Stanley upped 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. Seventeen investment 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. According to data from MarketBeat, Everpure has a consensus rating of “Moderate Buy” and a consensus target price of $138.25.

Everpure Stock Performance

Shares of NYSE:P traded up $3.90 during trading hours on Wednesday, hitting $151.10. 2,151,325 shares of the company’s stock traded hands, compared to its average volume of 3,777,168. The company’s fifty day simple moving average is $105.44. The stock has a market cap of $50.35 billion, a P/E ratio of 206.99, a price-to-earnings-growth ratio of 4.80 and a beta of 1.39. Everpure, Inc. has a 52 week low of $56.78 and a 52 week high of $151.45.

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

Everpure 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.