Everpure (NYSE:P) Director Andrew William Fraser Brown Sells 4,735 Shares of Stock

Everpure, Inc. (NYSE:P) Director Andrew William Fraser Brown sold 4,735 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $72.57, for a total value of $343,618.95. Following the completion of the sale, the director directly owned 27,683 shares of the company’s stock, valued at $2,008,955.31. This trade represents a 14.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Everpure Stock Up 4.6%

Shares of NYSE P traded up $3.16 during midday trading on Monday, reaching $72.32. 2,190,387 shares of the stock were exchanged, compared to its average volume of 3,450,839. The firm has a 50 day moving average of $76.44. The stock has a market cap of $24.04 billion, a PE ratio of 109.58, a P/E/G ratio of 3.93 and a beta of 1.44. Everpure, Inc. has a twelve month low of $53.43 and a twelve month high of $100.59.

Everpure (NYSE:P) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $997.88 million. During the same period in the previous year, the firm earned $0.29 EPS. Everpure’s revenue was up 35.2% on a year-over-year basis. On average, research analysts predict that Everpure, Inc. will post 0.91 earnings per share for the current year.

Hedge Funds Weigh In On Everpure

Hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new position in Everpure during the first quarter worth approximately $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Everpure by 129.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock worth $387,000 after acquiring an additional 4,926 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Everpure by 109.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock worth $50,377,000 after acquiring an additional 595,307 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Everpure by 4.2% in the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock valued at $212,000 after acquiring an additional 194 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Everpure by 261.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock valued at $184,000 after acquiring an additional 2,316 shares during the period. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on P shares. JPMorgan Chase & Co. raised their price target on shares of Everpure from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. William Blair reissued an “outperform” rating on shares of Everpure in a research note on Thursday, May 28th. Weiss Ratings assumed coverage on Everpure in a report on Monday, April 20th. They set a “hold (c)” rating on the stock. Piper Sandler reaffirmed an “overweight” rating on shares of Everpure in a research report on Thursday, May 28th. Finally, Barclays lifted their price objective on Everpure from $81.00 to $84.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Thirteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $96.32.

Everpure Company Profile

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.