Key Points
- Everpure insider John Colgrove sold 200,000 shares on May 11 for about $17.19 million at an average price of $85.93. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Colgrove has also sold shares multiple times in recent weeks, including several transactions in late April and early May. After the latest sale, he still directly owned more than 6.6 million shares worth roughly $569.3 million.
- Everpure shares were up 1.4% and the stock opened at $84.52, while the company continues to show solid fundamentals with recent earnings beating expectations. Analysts have a Moderate Buy consensus and an average price target of $93.21.
Everpure, Inc. (NYSE:P - Get Free Report) insider John Colgrove sold 200,000 shares of the business's stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $85.93, for a total value of $17,186,000.00. Following the completion of the sale, the insider directly owned 6,625,221 shares of the company's stock, valued at $569,305,240.53. The trade was a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 Thursday, May 7th, John Colgrove sold 29,108 shares of Everpure stock. The shares were sold at an average price of $75.31, for a total value of $2,192,123.48.
- On Wednesday, May 6th, John Colgrove sold 27,578 shares of Everpure stock. The shares were sold at an average price of $75.01, for a total value of $2,068,625.78.
- On Tuesday, May 5th, John Colgrove sold 77,579 shares of Everpure stock. The shares were sold at an average price of $75.12, for a total value of $5,827,734.48.
- On Friday, April 24th, John Colgrove sold 28,935 shares of Everpure stock. The shares were sold at an average price of $70.01, for a total value of $2,025,739.35.
- On Thursday, April 23rd, John Colgrove sold 71,959 shares of Everpure stock. The shares were sold at an average price of $70.06, for a total value of $5,041,447.54.
- On Wednesday, April 22nd, John Colgrove sold 82,266 shares of Everpure stock. The shares were sold at an average price of $70.50, for a total value of $5,799,753.00.
- On Tuesday, April 21st, John Colgrove sold 16,840 shares of Everpure stock. The shares were sold at an average price of $70.06, for a total value of $1,179,810.40.
Everpure Stock Up 1.4%
P opened at $84.52 on Thursday. The company has a market cap of $27.93 billion, a price-to-earnings ratio of 153.68, a P/E/G ratio of 6.22 and a beta of 1.44. Everpure, Inc. has a 52 week low of $50.20 and a 52 week high of $100.59.
Everpure (NYSE:P - Get Free Report) last issued its earnings results on Wednesday, February 25th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.04. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. Everpure had a return on equity of 14.36% and a net margin of 5.14%.The company's revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 EPS. On average, equities research analysts expect that Everpure, Inc. will post 0.72 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on P shares. Weiss Ratings started coverage on Everpure in a report on Monday, April 20th. They set a "hold (c)" rating on the stock. Citigroup downgraded Everpure from a "buy" rating to a "neutral" rating in a research note on Thursday. UBS Group raised their price objective on Everpure from $60.00 to $63.00 and gave the company a "sell" rating in a research note on Thursday, February 26th. JPMorgan Chase & Co. dropped their price objective on Everpure from $105.00 to $80.00 and set an "overweight" rating for the company in a research note on Thursday, April 16th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $100.00 price objective on shares of Everpure in a research note on Monday, February 23rd. Twelve analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Everpure has an average rating of "Moderate Buy" and a consensus price target of $93.21.
Read Our Latest Research Report on P
Institutional Trading of Everpure
A number of hedge funds and other institutional investors have recently modified their holdings of P. Bigelow Investment Advisors LLC bought a new stake in Everpure in the first quarter valued at about $231,000. Janney Montgomery Scott LLC increased its holdings in Everpure by 46.0% in the first quarter. Janney Montgomery Scott LLC now owns 28,138 shares of the company's stock valued at $1,661,000 after buying an additional 8,861 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in Everpure by 22.9% in the first quarter. Pictet Asset Management Holding SA now owns 157,702 shares of the company's stock valued at $9,302,000 after buying an additional 29,386 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in Everpure in the first quarter valued at about $5,367,000. Finally, Fiduciary Alliance LLC increased its holdings in Everpure by 23.9% in the first quarter. Fiduciary Alliance LLC now owns 13,875 shares of the company's stock valued at $900,000 after buying an additional 2,675 shares during the last quarter. 83.42% of the stock is owned by hedge funds and other institutional investors.
About Everpure
(
Get Free Report)
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.
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