Insider Selling: Everpure (NYSE:P) Insider Sells $764,560.44 in Stock

Everpure, Inc. (NYSE:P) insider Ajay Singh sold 9,787 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $78.12, for a total transaction of $764,560.44. Following the completion of the sale, the insider owned 340,939 shares in the company, valued at $26,634,154.68. This represents a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Everpure Stock Performance

Shares of NYSE P opened at $79.27 on Monday. The company has a 50-day simple moving average of $77.17. Everpure, Inc. has a 52 week low of $53.43 and a 52 week high of $100.59. The firm has a market cap of $26.35 billion, a PE ratio of 120.11, a price-to-earnings-growth ratio of 4.49 and a beta of 1.45.

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

Analyst Upgrades and Downgrades

P has been the subject of several recent research reports. UBS Group raised their price target on Everpure from $63.00 to $70.00 and gave the stock a “sell” rating in a research report on Thursday, May 28th. Barclays increased 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. Wells Fargo & Company lifted their price objective on Everpure from $90.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Wall Street Zen raised shares of Everpure from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of Everpure from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Thirteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.50.

Institutional Investors Weigh In On Everpure

Hedge funds have recently made changes to their positions in the business. Bigelow Investment Advisors LLC acquired a new position in Everpure in the first quarter valued at $231,000. Janney Montgomery Scott LLC grew its holdings in Everpure by 46.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 28,138 shares of the company’s stock valued at $1,661,000 after buying an additional 8,861 shares during the period. Pictet Asset Management Holding SA grew its holdings in Everpure by 22.9% in the 1st quarter. Pictet Asset Management Holding SA now owns 157,702 shares of the company’s stock valued at $9,302,000 after buying an additional 29,386 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of Everpure during the 1st quarter valued at about $5,367,000. Finally, Fiduciary Alliance LLC increased its stake in shares of Everpure by 23.9% during the 1st quarter. Fiduciary Alliance LLC now owns 13,875 shares of the company’s stock valued at $900,000 after acquiring an additional 2,675 shares during the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

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.