Everpure (NYSE:P) Director Susan J.S. Taylor Sells 8,543 Shares

Everpure, Inc. (NYSE:P) Director Susan J.S. Taylor sold 8,543 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $81.74, for a total value of $698,304.82. Following the sale, the director owned 94,608 shares of the company’s stock, valued at approximately $7,733,257.92. This represents a 8.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Everpure Trading Down 5.0%

Shares of Everpure stock opened at $75.36 on Tuesday. The stock has a market capitalization of $25.05 billion, a P/E ratio of 114.19, a PEG ratio of 4.49 and a beta of 1.45. Everpure, Inc. has a 52 week low of $53.43 and a 52 week high of $100.59. The business has a 50 day moving average of $77.25.

Everpure (NYSE:P) last posted its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $997.88 million. During the same quarter in the prior year, the business posted $0.29 EPS. The business’s revenue was up 35.2% compared to the same quarter last year. Equities analysts expect that Everpure, Inc. will post 0.92 EPS for the current fiscal year.

Institutional Investors Weigh In On Everpure

Several institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC bought a new position in Everpure in the 1st quarter valued at $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Everpure by 129.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock worth $387,000 after buying an additional 4,926 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Everpure by 109.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock valued at $50,377,000 after buying an additional 595,307 shares during the period. Empowered Funds LLC grew its position in Everpure by 4.2% during the first quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock worth $212,000 after buying an additional 194 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in 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 during the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on P shares. Wedbush increased their price target on Everpure from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Wall Street Zen upgraded Everpure from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 5th. DA Davidson set a $100.00 target price on Everpure in a research report on Wednesday, July 1st. Barclays lifted their target price on Everpure from $81.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Finally, William Blair reissued an “outperform” rating on shares of Everpure in a report on Thursday, May 28th. Thirteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Everpure has an average rating of “Moderate Buy” and an average price target of $96.50.

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.