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

Everpure, Inc. (NYSE:P) insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $100.77, for a total transaction of $10,077,000.00. Following the completion of the sale, the insider owned 2,365,000 shares of the company’s stock, valued at $238,321,050. This trade represents a 4.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 Wednesday, October 14th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $145.00, for a total transaction of $14,500,000.00.
• On Monday, October 12th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $153.73, for a total transaction of $15,373,000.00.
• On Thursday, September 24th, John Colgrove sold 100,000 shares of Everpure stock. The stock was 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 stock was 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 stock was 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 shares were sold at an average price of $117.44, for a total value of $7,611,873.60.

Everpure Price Performance

Shares of NYSE:P opened at $110.19 on Friday. The firm has a market capitalization of $36.72 billion, a PE ratio of 150.95, a price-to-earnings-growth ratio of 3.55 and a beta of 1.43. The business has a 50 day simple moving average of $120.95 and a two-hundred day simple moving average of $95.92. Everpure, Inc. has a 1 year low of $56.78 and a 1 year high of $157.57.

Everpure (NYSE:P) last issued its quarterly 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 for the quarter was up 37.7% compared to the same quarter last year. Equities research analysts expect that Everpure, Inc. will post 0.95 EPS for the current fiscal year.

Institutional Trading of Everpure

A number of large investors have recently modified their holdings of the company. First Trust Advisors LP raised its position in Everpure by 7.5% during the 3rd quarter. First Trust Advisors LP now owns 2,059,382 shares of the company’s stock valued at $269,326,000 after purchasing an additional 144,524 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Everpure by 504.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 994,061 shares of the company’s stock worth $130,003,000 after buying an additional 829,476 shares during the period. Artemis Investment Management LLP lifted its holdings in shares of Everpure by 100.1% in the 3rd quarter. Artemis Investment Management LLP now owns 775,776 shares of the company’s stock worth $101,456,000 after buying an additional 388,066 shares during the period. JANA Partners Management LP bought a new position in shares of Everpure during the 2nd quarter worth $77,939,000. Finally, Russell Investments Group Ltd. grew its position in shares of Everpure by 32.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 560,713 shares of the company’s stock worth $73,203,000 after buying an additional 135,912 shares in the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on P. Susquehanna upped their price objective on Everpure from $145.00 to $175.00 and gave the company a “positive” rating in a research report on Friday, September 25th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Everpure in a research report on Monday, October 12th. Guggenheim boosted their target price on shares of Everpure from $150.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, October 12th. Raymond James Financial upped their price target on shares of Everpure from $122.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, September 25th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $130.00 price target on shares of Everpure in a research note on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.05.

Everpure Company Profile

Everpure, formerly known as Pure Storage, provides data storage and management technology for businesses and other organizations. Its offerings are designed to support applications, databases, analytics, cloud environments and other data-intensive workloads. The company’s portfolio includes FlashArray systems for block and file storage, FlashBlade systems for unstructured data and high-performance workloads, and Pure1 software for monitoring and managing storage environments. Everpure also offers subscription-based services, including its Evergreen storage model.