Mallun Yen Sells 4,735 Shares of Everpure (NYSE:P) Stock

Everpure, Inc. (NYSE:P) Director Mallun Yen sold 4,735 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $76.90, for a total value of $364,121.50. Following the sale, the director directly owned 43,281 shares of the company’s stock, valued at approximately $3,328,308.90. This trade represents a 9.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Everpure Trading Down 1.5%

Shares of NYSE P opened at $71.68 on Friday. Everpure, Inc. has a 52 week low of $53.43 and a 52 week high of $100.59. The business has a fifty day moving average price of $76.60. The stock has a market capitalization of $23.83 billion, a P/E ratio of 108.61, a price-to-earnings-growth ratio of 4.12 and a beta of 1.44.

Everpure (NYSE:P) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The company 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 business posted $0.29 EPS. As a group, equities analysts predict that Everpure, Inc. will post 0.92 EPS for the current year.

Wall Street Analysts Forecast Growth

P has been the subject of a number of analyst reports. Guggenheim increased their target price on shares of Everpure from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Wells Fargo & Company boosted their price target on Everpure from $90.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Weiss Ratings began coverage on Everpure in a research report on Monday, April 20th. They set a “hold (c)” rating for the company. Barclays increased their price objective on Everpure from $81.00 to $84.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Finally, Wall Street Zen upgraded Everpure from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Thirteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Everpure currently has an average rating of “Moderate Buy” and an average price target of $96.32.

Institutional Investors Weigh In On Everpure

A number of large investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC bought a new position in Everpure in the first quarter worth about $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Everpure by 129.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock valued at $387,000 after acquiring an additional 4,926 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Everpure by 109.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock valued at $50,377,000 after acquiring an additional 595,307 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Everpure by 4.2% during the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock worth $212,000 after acquiring an additional 194 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Everpure by 261.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock worth $184,000 after acquiring an additional 2,316 shares in the last quarter. Institutional investors own 83.42% of the company’s stock.

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.