Everpure (NYSE:P) Director Sells 4,268 Shares of Company Stock

Everpure, Inc. (NYSE:P) Director Andrew Brown sold 4,268 shares of the company’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $156.03, for a total transaction of $665,936.04. Following the completion of the sale, the director directly owned 23,415 shares in the company, valued at approximately $3,653,442.45. The trade was a 15.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Everpure Stock Performance

NYSE:P traded up $1.76 during mid-day trading on Tuesday, hitting $157.07. The stock had a trading volume of 3,372,169 shares, compared to its average volume of 3,804,841. Everpure, Inc. has a twelve month low of $56.78 and a twelve month high of $157.57. The firm has a market cap of $52.34 billion, a PE ratio of 215.16, a price-to-earnings-growth ratio of 5.15 and a beta of 1.39. The stock has a 50 day simple moving average of $111.68.

Everpure (NYSE:P) last announced its quarterly 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 firm 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%. Everpure’s revenue was up 37.7% compared to the same quarter last year. Equities analysts anticipate that Everpure, Inc. will post 0.95 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on P. Northland Securities set a $167.00 target price on Everpure in a research note on Thursday, September 24th. UBS Group increased their price target on Everpure from $70.00 to $80.00 and gave the company a “sell” rating in a research note on Thursday, August 27th. Citigroup increased their price target on Everpure from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, September 24th. TD Cowen raised their price target on Everpure from $100.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. Finally, Piper Sandler lifted their price objective on shares of Everpure from $133.00 to $162.00 and gave the stock an “overweight” rating in a research report on Thursday, September 24th. Seventeen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Everpure has an average rating of “Moderate Buy” and an average target price of $143.25.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Catalyst Private Wealth LLC acquired a new stake in Everpure during the third quarter worth approximately $273,000. Sage Capital Advisors llc bought a new stake in shares of Everpure during the third quarter worth approximately $526,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Everpure in the third quarter valued at approximately $322,000. NorthCrest Asset Manangement LLC grew its position in shares of Everpure by 5.0% in the third quarter. NorthCrest Asset Manangement LLC now owns 4,698 shares of the company’s stock valued at $614,000 after purchasing an additional 224 shares during the last quarter. Finally, Wedmont Private Capital grew its position in shares of Everpure by 52.6% in the third quarter. Wedmont Private Capital now owns 10,213 shares of the company’s stock valued at $1,336,000 after purchasing an additional 3,522 shares during the last quarter. 83.42% of the stock is owned by institutional investors.

About Everpure

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.