5,117 Shares of Everpure, Inc. $P Purchased by Wavvest Wealth LLC

Wavvest Wealth LLC bought a new stake in shares of Everpure, Inc. (NYSE:P) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,117 shares of the company’s stock, valued at approximately $669,000.

Several other institutional investors also recently bought and sold shares of the company. Paradigm Capital Management Inc. NY acquired a new stake in shares of Everpure during the second quarter worth about $2,127,000. Nykredit A S purchased a new position in shares of Everpure in the second quarter valued at approximately $9,412,000. Wellington Management Group LLP purchased a new position in shares of Everpure in the second quarter valued at approximately $2,192,000. Sequoia Financial Advisors LLC acquired a new position in shares of Everpure in the second quarter valued at approximately $814,000. Finally, Raiffeisen Bank International AG acquired a new position in shares of Everpure in the second quarter valued at approximately $25,525,000. 83.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Ajay Singh sold 18,267 shares of the firm’s stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $155.24, for a total value of $2,835,769.08. Following the sale, the insider owned 270,095 shares of the company’s stock, valued at $41,929,547.80. This trade represents a 6.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Mona Chu sold 5,112 shares of Everpure stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $151.40, for a total transaction of $773,956.80. Following the completion of the transaction, the chief accounting officer owned 125,982 shares of the company’s stock, valued at $19,073,674.80. This represents a 3.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,235,091 shares of company stock valued at $142,276,537. 5.10% of the stock is owned by corporate insiders.

Everpure Trading Up 3.5%

Shares of NYSE P opened at $130.99 on Thursday. The business’s 50-day moving average is $117.19. Everpure, Inc. has a 1-year low of $56.78 and a 1-year high of $157.57. The stock has a market cap of $43.65 billion, a P/E ratio of 179.44, a price-to-earnings-growth ratio of 4.22 and a beta of 1.39.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Piper Sandler upped their target price on shares of Everpure from $133.00 to $162.00 and gave the stock an “overweight” rating in a research note on Thursday, September 24th. TD Cowen increased their target price on shares of Everpure from $100.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, August 18th. Wall Street Zen cut shares of Everpure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 12th. Bank of America raised shares of Everpure from a “neutral” rating to a “buy” rating and raised their price target for the company from $90.00 to $150.00 in a research report on Thursday, August 27th. Finally, Zacks Research upgraded shares of Everpure from a “hold” rating to a “strong-buy” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Everpure has a consensus rating of “Moderate Buy” and an average target price of $143.25.

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.