Key Points
- Everpure CAO Mona Chu sold 2,852 shares at an average price of $140.20, generating proceeds of approximately $399,850. She retained 131,094 shares after the transaction, a 2.13% reduction in her position.
- Everpure reported quarterly EPS of $0.70, beating the $0.19 consensus estimate, while revenue rose 37.7% year over year to $1.19 billion.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $138.25, while institutional investors own 83.42% of the company’s shares.
Everpure, Inc. (NYSE:P - Get Free Report) CAO Mona Chu sold 2,852 shares of the company'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 value of $399,850.40. Following the transaction, the chief accounting officer owned 131,094 shares of the company's stock, valued at approximately $18,379,378.80. This represents a 2.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Everpure Price Performance
Shares of P stock opened at $147.03 on Wednesday. The stock has a market capitalization of $48.99 billion, a price-to-earnings ratio of 201.41, a price-to-earnings-growth ratio of 4.80 and a beta of 1.39. The business has a fifty day simple moving average of $105.44. Everpure, Inc. has a 52 week low of $56.78 and a 52 week high of $149.05.
Everpure (NYSE:P - Get Free Report) last issued its quarterly earnings data 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. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The business had revenue of $1.19 billion for the quarter. Everpure's quarterly revenue was up 37.7% on a year-over-year basis. As a group, research analysts predict that Everpure, Inc. will post 0.95 EPS for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have commented on P. Citigroup raised their price objective on shares of Everpure from $130.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, September 24th. Evercore reiterated an "outperform" rating and set a $145.00 target price on shares of Everpure in a report on Thursday, September 24th. Zacks Research lowered Everpure from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Wall Street Zen lowered Everpure from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 12th. Finally, Morgan Stanley raised their target price on Everpure from $119.00 to $137.00 and gave the company an "overweight" rating in a research note on Thursday, September 24th. Seventeen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $138.25.
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Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of P. Franklin Resources Inc. grew its holdings in Everpure by 28.5% in the fourth quarter. Franklin Resources Inc. now owns 3,007,431 shares of the company's stock worth $201,528,000 after purchasing an additional 666,941 shares during the period. Mariner LLC lifted its holdings in shares of Everpure by 3.1% during the fourth quarter. Mariner LLC now owns 2,679,161 shares of the company's stock valued at $179,538,000 after purchasing an additional 80,039 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Everpure by 20.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,554,240 shares of the company's stock valued at $104,150,000 after purchasing an additional 265,846 shares during the last quarter. JANA Partners Management LP bought a new stake in shares of Everpure in the 2nd quarter worth approximately $77,939,000. Finally, Amova Asset Management Americas Inc. boosted its position in shares of Everpure by 0.3% in the 4th quarter. Amova Asset Management Americas Inc. now owns 1,081,806 shares of the company's stock worth $72,492,000 after purchasing an additional 3,166 shares in 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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