Everpure (NYSE:P) Insider John Colgrove Sells 99,900 Shares

Everpure, Inc. (NYSE:P) insider John Colgrove sold 99,900 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $71.04, for a total value of $7,096,896.00. Following the completion of the sale, the insider directly owned 2,615,000 shares in the company, valued at approximately $185,769,600. The trade was a 3.68% decrease in their position. The sale was disclosed in a document filed 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, June 10th, John Colgrove sold 100 shares of Everpure stock. The shares were sold at an average price of $70.00, for a total value of $7,000.00.
• On Tuesday, June 2nd, John Colgrove sold 10,280 shares of Everpure stock. The shares were sold at an average price of $85.32, for a total value of $877,089.60.
• On Monday, May 11th, John Colgrove sold 200,000 shares of Everpure stock. The shares were sold at an average price of $85.93, for a total value of $17,186,000.00.
• On Thursday, May 7th, John Colgrove sold 29,108 shares of Everpure stock. The shares were sold at an average price of $75.31, for a total value of $2,192,123.48.
• On Wednesday, May 6th, John Colgrove sold 27,578 shares of Everpure stock. The stock was sold at an average price of $75.01, for a total value of $2,068,625.78.
• On Tuesday, May 5th, John Colgrove sold 77,579 shares of Everpure stock. The stock was sold at an average price of $75.12, for a total value of $5,827,734.48.
• On Friday, April 24th, John Colgrove sold 28,935 shares of Everpure stock. The stock was sold at an average price of $70.01, for a total value of $2,025,739.35.
• On Thursday, April 23rd, John Colgrove sold 71,959 shares of Everpure stock. The stock was sold at an average price of $70.06, for a total value of $5,041,447.54.
• On Wednesday, April 22nd, John Colgrove sold 82,266 shares of Everpure stock. The stock was sold at an average price of $70.50, for a total value of $5,799,753.00.
• On Tuesday, April 21st, John Colgrove sold 16,840 shares of Everpure stock. The stock was sold at an average price of $70.06, for a total value of $1,179,810.40.

Everpure Stock Performance

NYSE:P opened at $72.40 on Friday. The firm has a market capitalization of $24.07 billion, a P/E ratio of 109.70, a price-to-earnings-growth ratio of 3.92 and a beta of 1.44. Everpure, Inc. has a 12 month low of $50.20 and a 12 month high of $100.59.

Everpure (NYSE:P) last posted its earnings results on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.40 by $0.07. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $997.88 million. Everpure had a return on equity of 15.97% and a net margin of 5.75%.Everpure’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.29 earnings per share. Analysts predict that Everpure, Inc. will post 0.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Everpure

Large investors have recently bought and sold shares of the stock. Provenance Wealth Advisors LLC acquired a new position in Everpure in the third quarter valued at $27,000. Sunbelt Securities Inc. boosted its stake in Everpure by 287.1% in the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after acquiring an additional 244 shares in the last quarter. Foster Dykema Cabot & Partners LLC acquired a new position in Everpure in the third quarter valued at $28,000. Assetmark Inc. boosted its stake in Everpure by 186.6% in the third quarter. Assetmark Inc. now owns 341 shares of the company’s stock valued at $29,000 after acquiring an additional 222 shares in the last quarter. Finally, Banque Transatlantique SA acquired a new position in Everpure in the third quarter valued at $29,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on P shares. Guggenheim increased their target price on Everpure from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Everpure in a report on Thursday, May 28th. JPMorgan Chase & Co. increased their target price on Everpure from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. UBS Group increased their target price on Everpure from $63.00 to $70.00 and gave the company a “sell” rating in a report on Thursday, May 28th. Finally, Barclays increased their target price on Everpure from $81.00 to $84.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Thirteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.