Insider Selling: Everpure (NYSE:P) CAO Sells 5,112 Shares of Stock

Everpure, Inc. (NYSE:P) 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 sale, the chief accounting officer owned 125,982 shares of the company’s stock, valued at approximately $19,073,674.80. This represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mona Chu also recently made the following trade(s):

• On Friday, October 2nd, Mona Chu sold 2,852 shares of Everpure stock. The shares were sold at an average price of $140.20, for a total value of $399,850.40.

Everpure Stock Performance

NYSE:P traded up $1.76 during mid-day trading on Tuesday, reaching $157.07. The stock had a trading volume of 3,372,169 shares, compared to its average volume of 3,804,841. The company has a 50 day moving average of $111.68. Everpure, Inc. has a fifty-two week low of $56.78 and a fifty-two week high of $157.57. The company has a market cap of $52.34 billion, a PE ratio of 215.16, a P/E/G ratio of 5.15 and a beta of 1.39.

Everpure (NYSE:P) last posted its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.51. The firm had revenue of $1.19 billion during the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The company’s revenue was up 37.7% compared to the same quarter last year. Research analysts predict that Everpure, Inc. will post 0.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on P. Needham & Company LLC lifted their price objective on shares of Everpure from $150.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, October 8th. Lake Street Capital upped their price objective on shares of Everpure from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. Guggenheim increased their target price on shares of Everpure from $150.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday. Citigroup increased their target price on shares of Everpure from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, September 24th. Finally, Evercore restated an “outperform” rating and set a $145.00 target price on shares of Everpure in a report on Thursday, September 24th. Seventeen analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $143.25.

Institutional Investors Weigh In On Everpure

Large investors have recently added to or reduced their stakes in the stock. Family Legacy Financial Solutions LLC grew its holdings in Everpure by 3.6% during the third quarter. Family Legacy Financial Solutions LLC now owns 2,113 shares of the company’s stock valued at $276,000 after purchasing an additional 73 shares during the last quarter. NorthCrest Asset Manangement LLC raised its position in shares of Everpure by 5.0% in the third quarter. NorthCrest Asset Manangement LLC now owns 4,698 shares of the company’s stock valued at $614,000 after purchasing an additional 224 shares during the period. Continuum Advisory LLC acquired a new stake in shares of Everpure in the second quarter worth $29,000. Farther Finance Advisors LLC lifted its stake in shares of Everpure by 12.3% in the third quarter. Farther Finance Advisors LLC now owns 3,562 shares of the company’s stock worth $466,000 after buying an additional 389 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its stake in shares of Everpure by 4.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 10,154 shares of the company’s stock worth $599,000 after buying an additional 429 shares during the last quarter. 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.