Key Points
- Insider sale: Everpure insider John Colgrove sold 10,280 shares on June 2 for about $877,089.60 at an average price of $85.32. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Recent selling streak: Colgrove has been actively trimming his stake, including a much larger sale of 200,000 shares on May 11 for about $17.19 million, along with several other sales in April and May.
- Company and analyst backdrop: Everpure recently beat quarterly earnings and revenue estimates, but the stock was trading down 2.6% at $78.77. Analysts remain mixed overall, with a consensus rating of Moderate Buy and a consensus price target of $96.32.
Everpure, Inc. (NYSE:P - Get Free Report) insider John Colgrove sold 10,280 shares of the company's stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $85.32, for a total transaction of $877,089.60. Following the completion of the transaction, the insider owned 6,614,941 shares in the company, valued at approximately $564,386,766.12. This trade represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
John Colgrove also recently made the following trade(s):
- 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 transaction of $17,186,000.00.
- 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $1,179,810.40.
Everpure Trading Down 2.6%
Shares of NYSE P opened at $78.77 on Friday. Everpure, Inc. has a one year low of $50.20 and a one year high of $100.59. The company has a market cap of $26.03 billion, a price-to-earnings ratio of 119.35, a price-to-earnings-growth ratio of 5.73 and a beta of 1.44.
Everpure (NYSE:P - Get Free Report) last issued its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The firm had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $997.88 million. During the same quarter last year, the business earned $0.29 earnings per share. The business's revenue was up 35.2% on a year-over-year basis. As a group, sell-side analysts predict that Everpure, Inc. will post 0.73 EPS for the current fiscal year.
Wall Street Analyst Weigh In
P has been the topic of several recent analyst reports. Piper Sandler restated an "overweight" rating on shares of Everpure in a report on Thursday, May 28th. UBS Group raised their target price on shares of Everpure from $63.00 to $70.00 and gave the stock a "sell" rating in a report on Thursday, May 28th. JPMorgan Chase & Co. raised their target price on shares of Everpure from $80.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, May 28th. Morgan Stanley raised their target price on shares of Everpure from $84.00 to $87.00 and gave the stock an "equal weight" rating in a report on Thursday, May 28th. Finally, Wedbush raised their price target on Everpure from $100.00 to $105.00 and gave the stock an "outperform" rating in a research note on Thursday, May 28th. Thirteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $96.32.
Read Our Latest Report on Everpure
Institutional Trading of Everpure
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Provenance Wealth Advisors LLC purchased a new stake in Everpure in the third quarter worth $27,000. Salomon & Ludwin LLC lifted its stake in Everpure by 108.2% in the fourth quarter. Salomon & Ludwin LLC now owns 383 shares of the company's stock worth $27,000 after acquiring an additional 199 shares during the period. Foster Dykema Cabot & Partners LLC purchased a new stake in Everpure in the third quarter worth $28,000. Sunbelt Securities Inc. lifted its stake in Everpure by 287.1% in the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company's stock worth $28,000 after acquiring an additional 244 shares during the period. Finally, Assetmark Inc. lifted its stake in Everpure by 186.6% in the third quarter. Assetmark Inc. now owns 341 shares of the company's stock worth $29,000 after acquiring an additional 222 shares during the period. Hedge funds and other institutional investors own 83.42% of the company's stock.
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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