Everpure (NYSE:P) Insider John Colgrove Sells 10,280 Shares

Everpure, Inc. (NYSE:PGet Free Report) insider John Colgrove sold 10,280 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $85.32, for a total transaction of $877,089.60. Following the completion of the sale, the insider directly owned 6,614,941 shares of the company’s stock, valued at $564,386,766.12. This trade represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Colgrove also recently made the following trade(s):

  • On Monday, May 11th, John Colgrove sold 200,000 shares of Everpure stock. The stock was sold at an average price of $85.93, for a total transaction of $17,186,000.00.
  • On Thursday, May 7th, John Colgrove sold 29,108 shares of Everpure stock. The stock was sold at an average price of $75.31, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $1,179,810.40.

Everpure Price Performance

Shares of NYSE P traded down $2.07 during mid-day trading on Thursday, reaching $78.77. The company had a trading volume of 2,594,284 shares, compared to its average volume of 3,453,959. The firm has a market capitalization of $26.03 billion, a price-to-earnings ratio of 119.35, a price-to-earnings-growth ratio of 5.88 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:PGet Free Report) last posted its quarterly 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. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The firm’s revenue was up 35.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 earnings per share. On average, analysts predict that Everpure, Inc. will post 0.73 EPS for the current year.

Hedge Funds Weigh In On Everpure

Institutional investors have recently modified their holdings of the company. Provenance Wealth Advisors LLC bought a new position in shares of Everpure in the third quarter valued at approximately $27,000. Salomon & Ludwin LLC raised its position in shares of Everpure by 108.2% in the fourth quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock valued at $27,000 after purchasing an additional 199 shares during the period. Foster Dykema Cabot & Partners LLC bought a new position in shares of Everpure in the third quarter valued at approximately $28,000. Sunbelt Securities Inc. raised its position in shares of 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 purchasing an additional 244 shares during the period. Finally, Assetmark Inc. raised its position in shares of Everpure by 186.6% in the third quarter. Assetmark Inc. now owns 341 shares of the company’s stock valued at $29,000 after purchasing an additional 222 shares during the period. Institutional investors own 83.42% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on P shares. JPMorgan Chase & Co. raised their price objective 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. Weiss Ratings started coverage on shares of Everpure in a research report on Monday, April 20th. They set a “hold (c)” rating on the stock. Northland Securities set a $90.00 price objective on shares of Everpure in a research report on Thursday, May 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of Everpure in a research report on Thursday, May 28th. Finally, Barclays upped their price target on Everpure from $81.00 to $84.00 and gave the stock 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 issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $96.32.

Check Out Our Latest Stock Report on P

Key Everpure News

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Everpure Company Profile

(Get Free Report)

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.

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