Everpure (NYSE:P) Insider Sells 100,000 Shares of Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 100,000 shares of Everpure stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $153.73, for a total transaction of $15,373,000.00. Following the transaction, the insider directly owned 2,415,000 shares in the company, valued at $371,257,950. The trade was a 3.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Thursday, September 24th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $115.96, for a total transaction of $11,596,000.00.
• On Monday, September 21st, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $110.35, for a total transaction of $11,035,000.00.
• On Thursday, September 10th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $94.95, for a total transaction of $9,495,000.00.
• On Friday, August 14th, John Colgrove sold 64,815 shares of Everpure stock. The stock was sold at an average price of $117.44, for a total transaction of $7,611,873.60.
• On Thursday, August 13th, John Colgrove sold 100,000 shares of Everpure stock. The stock was sold at an average price of $117.21, for a total transaction of $11,721,000.00.
• On Tuesday, August 11th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $104.39, for a total transaction of $10,439,000.00.
• On Monday, August 10th, John Colgrove sold 200,000 shares of Everpure stock. The shares were sold at an average price of $96.98, for a total transaction of $19,396,000.00.
• On Friday, August 7th, John Colgrove sold 35,185 shares of Everpure stock. The shares were sold at an average price of $90.01, for a total transaction of $3,167,001.85.
• On Tuesday, August 4th, John Colgrove sold 89,720 shares of Everpure stock. The shares were sold at an average price of $85.66, for a total transaction of $7,685,415.20.

Everpure Stock Down 10.0%

Everpure stock traded down $15.71 during mid-day trading on Wednesday, hitting $141.26. 5,602,249 shares of the company’s stock were exchanged, compared to its average volume of 3,813,970. The firm has a market capitalization of $47.07 billion, a price-to-earnings ratio of 193.50, a P/E/G ratio of 5.18 and a beta of 1.39. Everpure, Inc. has a fifty-two week low of $56.78 and a fifty-two week high of $157.57. The company has a 50 day moving average price of $113.14.

Everpure (NYSE:P) last posted its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.51. Everpure had a return on equity of 19.06% and a net margin of 5.94%. The firm had revenue of $1.19 billion for the quarter. The company’s revenue was up 37.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Everpure, Inc. will post 0.95 earnings per share for the current fiscal year.

More Everpure News

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure’s operating momentum remains strong. Its latest quarterly revenue rose 37.7% year over year to $1.19 billion, while earnings per share of $0.70 substantially exceeded the $0.19 consensus estimate. Analysts expect approximately $0.95 in full-year EPS, and one analysis suggests profits could nearly double if growth continues. Everpure Could Almost Double Its Profit, But Valuation Remains High
• Neutral Sentiment: Analyst sentiment remains broadly favorable, with a “Moderate Buy” consensus and an average price target of $143.25. However, the stock’s recent strength has brought its market value well above several published targets, limiting near-term upside based on those estimates. Everpure analyst ratings and stock information
• Negative Sentiment: Valuation is the clearest stock-specific risk. Everpure trades at roughly 190 times earnings, with a PEG ratio above 5, leaving shares vulnerable to profit-taking when bond yields rise or investors reassess high-growth technology stocks. A value comparison with Vontier also highlights the challenge for investors seeking a more attractively priced technology-services stock. VNT vs. P: Which Stock Is the Better Value Option?
• Negative Sentiment: Insider transactions added to investor caution. Director Andrew Brown sold 4,268 shares for about $666,000, reducing his holdings by 15.42%, while Chief Accounting Officer Mona Chu sold 5,112 shares for approximately $774,000. Planned sales do not necessarily indicate weakening fundamentals, but they can weigh on sentiment after a sharp rally. Everpure insider selling

Wall Street Analyst Weigh In

Several research firms have recently weighed in on P. Guggenheim lifted their price objective on Everpure from $150.00 to $215.00 and gave the company a “buy” rating in a report on Monday. Wells Fargo & Company boosted their price objective on Everpure from $135.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, September 24th. TD Cowen increased their target price on Everpure from $100.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Susquehanna restated a “positive” rating and set a $145.00 target price on shares of Everpure in a report on Thursday, August 27th. Finally, Wedbush restated an “outperform” rating and set a $130.00 target price on shares of Everpure in a report on Thursday, September 24th. Seventeen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.25.

Institutional Trading of Everpure

A number of institutional investors have recently modified their holdings of the company. Family Legacy Financial Solutions LLC grew its stake in shares of Everpure by 3.6% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 2,113 shares of the company’s stock valued at $276,000 after purchasing an additional 73 shares during the period. NorthCrest Asset Manangement LLC increased its position in shares of Everpure by 5.0% during the 3rd 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. Continuum Advisory LLC purchased a new stake in shares of Everpure during the 2nd quarter valued at about $29,000. Farther Finance Advisors LLC lifted its stake in shares of Everpure by 12.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,562 shares of the company’s stock worth $466,000 after purchasing an additional 389 shares during the period. Finally, Fifth Third Wealth Advisors LLC lifted its stake in shares of Everpure by 4.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 10,154 shares of the company’s stock worth $599,000 after purchasing an additional 429 shares during the period. 83.42% of the stock is currently 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.