Key Points
- Director Mallun Yen sold 11,942 Everpure shares for approximately $1.76 million at an average price of $146.97, reducing her position by 27.59%. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Everpure reported strong quarterly results, with revenue rising 37.7% year over year to $1.19 billion and EPS of $0.70, well above the $0.19 analyst consensus.
- Analyst sentiment remains favorable, with 17 of 21 analysts rating the stock a Buy and a consensus “Moderate Buy” rating, although its valuation is demanding at more than 200 times earnings.
Everpure, Inc. (NYSE:P - Get Free Report) Director Mallun Yen sold 11,942 shares of the stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $146.97, for a total value of $1,755,115.74. Following the sale, the director owned 31,339 shares in the company, valued at approximately $4,605,892.83. This represents a 27.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Everpure Stock Down 1.1%
Everpure stock opened at $151.06 on Friday. The company has a market capitalization of $50.34 billion, a price-to-earnings ratio of 206.93, a P/E/G ratio of 5.09 and a beta of 1.39. Everpure, Inc. has a one year low of $56.78 and a one year high of $157.05. The stock has a fifty day moving average of $108.63.
Everpure (NYSE:P - Get Free Report) last released 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. The company had revenue of $1.19 billion for the quarter. Everpure had a return on equity of 19.06% and a net margin of 5.94%.The company's revenue for the quarter was up 37.7% on a year-over-year basis. On average, research analysts forecast that Everpure, Inc. will post 0.95 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Paradigm Capital Management Inc. NY purchased a new position in Everpure in the 2nd quarter worth approximately $2,127,000. Nykredit A S bought a new position in shares of Everpure in the 2nd quarter worth $9,412,000. Wellington Management Group LLP purchased a new stake in shares of Everpure during the 2nd quarter valued at $2,192,000. Raiffeisen Bank International AG purchased a new stake in shares of Everpure during the 2nd quarter valued at $25,525,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Everpure during the 2nd quarter worth $814,000. Hedge funds and other institutional investors own 83.42% of the company's stock.
More Everpure News
Here are the key news stories impacting Everpure this week:
- Positive Sentiment: Needham raised its price target to $185 and maintained a “Buy” rating, implying substantial upside from the recent trading level. The increase reflects continued confidence in Everpure’s growth prospects. Needham raises Everpure price target
- Positive Sentiment: AI and data-center demand remain key catalysts. Recent coverage highlights the company’s expanded revenue outlook and efforts to encourage partners to pursue opportunities beyond traditional storage, supporting expectations for broader adoption of its data-storage products. Everpure stock rally and growth outlook
- Positive Sentiment: Analyst sentiment remains favorable: 17 of 21 covering firms rate the stock Buy, producing a consensus “Moderate Buy” rating. Jim Cramer also said Everpure could have additional room to run. Everpure analyst consensus
- Neutral Sentiment: Everpure’s valuation is demanding. The stock trades at more than 200 times earnings, so continued gains depend on strong execution and growth. The latest quarter was solid, with revenue up 37.7% year over year and EPS well above estimates, but investors may require further earnings acceleration to support the valuation. Everpure valuation analysis
- Negative Sentiment: Insider selling may weigh on sentiment. Director Mallun Yen sold 11,942 shares worth approximately $1.76 million, following a recent sale by Chief Accounting Officer Mona Chu. Both transactions were disclosed under trading plans, which reduces their significance, but the sales could encourage profit-taking after the rally. Everpure director stock sale
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. Citigroup increased their price target on shares of Everpure from $130.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, September 24th. Barclays upped their target price on shares of Everpure from $110.00 to $132.00 and gave the stock an "equal weight" rating in a report on Friday, September 25th. Raymond James Financial reiterated an "outperform" rating and issued a $122.00 target price on shares of Everpure in a research note on Thursday, August 27th. Piper Sandler raised their price target on shares of Everpure from $133.00 to $162.00 and gave the company an "overweight" rating in a report on Thursday, September 24th. Finally, Evercore restated an "outperform" rating and set a $145.00 price target on shares of Everpure in a research report on Thursday, September 24th. Seventeen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Everpure currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.00.
Get Our Latest Research Report on P
Everpure Company Profile
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
