Everpure, Inc. $P Stake Cut by Crumly & Associates Inc.

Crumly & Associates Inc. reduced its stake in Everpure, Inc. (NYSE:P) by 54.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,577 shares of the company’s stock after selling 4,293 shares during the quarter. Crumly & Associates Inc.’s holdings in Everpure were worth $468,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in P. Continuum Advisory LLC acquired a new stake in Everpure during the 2nd quarter worth about $29,000. Reflection Asset Management purchased a new stake in Everpure during the fourth quarter worth $32,000. SHP Wealth Management acquired a new stake in Everpure during the fourth quarter valued at $36,000. Ancora Advisors LLC acquired a new stake in shares of Everpure during the 2nd quarter valued at about $67,000. Finally, Strive Financial Group LLC purchased a new position in shares of Everpure in the 2nd quarter valued at about $158,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Everpure

In other Everpure news, insider Ajay Singh sold 42,930 shares of the firm’s stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $124.17, for a total transaction of $5,330,618.10. Following the completion of the transaction, the insider directly owned 288,362 shares of the company’s stock, valued at $35,805,909.54. This trade represents a 12.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Colgrove sold 100,000 shares of the business’s stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $115.96, for a total value of $11,596,000.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,044,045 shares of company stock valued at $106,557,064 over the last ninety days. Corporate insiders own 5.10% of the company’s stock.

Everpure Trading Up 2.6%

Shares of P traded up $3.90 during mid-day trading on Wednesday, hitting $151.10. The company had a trading volume of 2,151,325 shares, compared to its average volume of 3,777,168. Everpure, Inc. has a 1-year low of $56.78 and a 1-year high of $151.45. The business has a 50-day moving average of $105.44. The company has a market cap of $50.35 billion, a PE ratio of 206.99, a PEG ratio of 4.80 and a beta of 1.39.

Everpure (NYSE:P) last posted its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.51. The firm had revenue of $1.19 billion during the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. Everpure’s revenue was up 37.7% on a year-over-year basis. Research analysts forecast that Everpure, Inc. will post 0.95 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on P shares. Raymond James Financial restated an “outperform” rating and issued a $122.00 target price on shares of Everpure in a research report on Thursday, August 27th. Citigroup raised their target price on Everpure from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, September 24th. JPMorgan Chase & Co. boosted their price objective on shares of Everpure from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, August 27th. Morgan Stanley increased their price objective on shares of Everpure from $119.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, September 24th. Finally, Barclays raised their price target on Everpure from $110.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Friday, September 25th. Seventeen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $138.25.

More Everpure News

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Higher long-term targets drive the rally. Everpure’s stock has gained approximately 36% since the company raised its long-term revenue targets at a recent investor day. Investors appear encouraged by management’s growth outlook and the potential for data-center demand tied to AI workloads. Everpure Stock Rides 10-Day Winning Streak. What’s Driving the Rally
• Positive Sentiment: Analyst coverage remains favorable. Twenty-one firms collectively rate Everpure “Moderate Buy,” with 17 Buy ratings, three Holds, and one Sell. Recent target-price increases from Citigroup, Morgan Stanley, and other firms reinforce the bullish outlook, although the current share price has moved above the reported consensus target. Everpure Rated Moderate Buy
• Positive Sentiment: Positive media commentary adds momentum. Jim Cramer said Everpure could have further room to run after reviewing the stock among the S&P 500’s strongest recent performers. Such commentary may attract additional retail-investor interest. Jim Cramer Believes Everpure Could Have More Room to Run
• Neutral Sentiment: Strong operating momentum provides background support. Everpure’s latest reported revenue rose 37.7% year over year, while adjusted earnings significantly exceeded consensus estimates. However, the stock’s valuation is elevated, with a reported price-to-earnings ratio above 200, increasing sensitivity to any disappointment.
• Negative Sentiment: Chief accounting officer sold shares. CAO Mona Chu sold 2,852 shares for approximately $399,850, reducing her direct ownership by 2.13%. She still held 131,094 shares after the transaction, so the sale is a limited negative signal rather than a major change in insider alignment. Everpure CAO Sells Shares

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.