Key Points
- Everpure insider John Colgrove sold 100,000 shares for $10.077 million, at an average price of $100.77. The transaction was made under a pre-arranged Rule 10b5-1 trading plan.
- After the sale, Colgrove still held 2.365 million shares, valued at about $238.3 million. The sale reduced his ownership by 4.06%.
- Colgrove has made several other large stock sales in recent months, each involving at least 64,815 shares. Analysts’ consensus rating for Everpure is “Moderate Buy,” with a consensus price target of $149.05.
Everpure, Inc. (NYSE:P - Get Free Report) insider John Colgrove sold 100,000 shares of the stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $100.77, for a total transaction of $10,077,000.00. Following the transaction, the insider owned 2,365,000 shares in the company, valued at approximately $238,321,050. The trade was a 4.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 Wednesday, October 14th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $145.00, for a total transaction of $14,500,000.00.
- On Monday, October 12th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $153.73, for a total transaction of $15,373,000.00.
- On Thursday, September 24th, John Colgrove sold 100,000 shares of Everpure stock. The stock was sold at an average price of $115.96, for a total transaction of $11,596,000.00.
- On Monday, September 21st, John Colgrove sold 100,000 shares of Everpure stock. The stock was sold at an average price of $110.35, for a total transaction of $11,035,000.00.
- On Thursday, September 10th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $94.95, for a total transaction of $9,495,000.00.
- On Friday, August 14th, John Colgrove sold 64,815 shares of Everpure stock. The shares were sold at an average price of $117.44, for a total transaction of $7,611,873.60.
Everpure Stock Up 3.5%
Shares of P stock opened at $110.19 on Friday. The firm has a market cap of $36.72 billion, a price-to-earnings ratio of 150.95, a PEG ratio of 3.55 and a beta of 1.43. Everpure, Inc. has a 52-week low of $56.78 and a 52-week high of $157.57. The company's 50 day moving average is $120.95 and its 200 day moving average is $95.92.
Everpure (NYSE:P - Get Free Report) last posted its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.51. The company had revenue of $1.19 billion during the quarter. Everpure had a return on equity of 19.06% and a net margin of 5.94%. The business's quarterly revenue was up 37.7% compared to the same quarter last year. Analysts anticipate that Everpure, Inc. will post 0.95 EPS for the current fiscal year.
Hedge Funds Weigh In On Everpure
Several hedge funds and other institutional investors have recently modified their holdings of P. First Trust Advisors LP grew its stake in Everpure by 7.5% during the 3rd quarter. First Trust Advisors LP now owns 2,059,382 shares of the company's stock valued at $269,326,000 after purchasing an additional 144,524 shares during the last quarter. Coastwise Capital Group LLC purchased a new position in shares of Everpure in the third quarter worth about $251,000. Resona Asset Management Co. Ltd. raised its stake in shares of Everpure by 6.4% in the third quarter. Resona Asset Management Co. Ltd. now owns 89,060 shares of the company's stock worth $11,632,000 after purchasing an additional 5,378 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Everpure in the third quarter worth about $28,000. Finally, Whittier Trust Co. lifted its holdings in shares of Everpure by 0.9% during the third quarter. Whittier Trust Co. now owns 158,820 shares of the company's stock worth $20,770,000 after purchasing an additional 1,411 shares during the period. 83.42% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
P has been the subject of a number of analyst reports. Zacks Research upgraded Everpure from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 19th. Citigroup lifted their target price on Everpure from $130.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, September 24th. Wells Fargo & Company boosted their target price on shares of Everpure from $135.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, September 24th. Wall Street Zen lowered shares of Everpure from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 12th. Finally, Cantor Fitzgerald reissued a "neutral" rating on shares of Everpure in a research report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $149.05.
Check Out Our Latest Research Report on P
About Everpure
(
Get Free Report)
Everpure, formerly known as Pure Storage, provides data storage and management technology for businesses and other organizations. Its offerings are designed to support applications, databases, analytics, cloud environments and other data-intensive workloads. The company's portfolio includes FlashArray systems for block and file storage, FlashBlade systems for unstructured data and high-performance workloads, and Pure1 software for monitoring and managing storage environments. Everpure also offers subscription-based services, including its Evergreen storage model.
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