John Colgrove Sells 99,900 Shares of Everpure (NYSE:P) Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 99,900 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $71.04, for a total value of $7,096,896.00. Following the completion of the transaction, the insider owned 2,615,000 shares of the company’s stock, valued at $185,769,600. This represents a 3.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 Wednesday, June 10th, John Colgrove sold 100 shares of Everpure stock. The shares were sold at an average price of $70.00, for a total value of $7,000.00.
• On Tuesday, June 2nd, John Colgrove sold 10,280 shares of Everpure stock. The shares were sold at an average price of $85.32, for a total value of $877,089.60.
• On Monday, May 11th, John Colgrove sold 200,000 shares of Everpure stock. The shares were sold at an average price of $85.93, for a total value of $17,186,000.00.
• On Thursday, May 7th, John Colgrove sold 29,108 shares of Everpure stock. The shares were sold at an average price of $75.31, for a total value of $2,192,123.48.
• On Wednesday, May 6th, John Colgrove sold 27,578 shares of Everpure stock. The shares were sold at an average price of $75.01, for a total value of $2,068,625.78.
• On Tuesday, May 5th, John Colgrove sold 77,579 shares of Everpure stock. The shares were sold at an average price of $75.12, for a total value of $5,827,734.48.
• On Friday, April 24th, John Colgrove sold 28,935 shares of Everpure stock. The shares were sold at an average price of $70.01, for a total value of $2,025,739.35.
• On Thursday, April 23rd, John Colgrove sold 71,959 shares of Everpure stock. The shares were sold at an average price of $70.06, for a total value of $5,041,447.54.
• On Wednesday, April 22nd, John Colgrove sold 82,266 shares of Everpure stock. The shares were sold at an average price of $70.50, for a total value of $5,799,753.00.
• On Tuesday, April 21st, John Colgrove sold 16,840 shares of Everpure stock. The shares were sold at an average price of $70.06, for a total value of $1,179,810.40.

Everpure Price Performance

Shares of P opened at $72.40 on Friday. Everpure, Inc. has a 52-week low of $50.20 and a 52-week high of $100.59. The company has a market capitalization of $24.07 billion, a P/E ratio of 109.70, a price-to-earnings-growth ratio of 4.09 and a beta of 1.44.

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

Hedge Funds Weigh In On Everpure

Several hedge funds and other institutional investors have recently made changes to their positions in P. Integrated Wealth Concepts LLC bought a new position in shares of Everpure in the first quarter valued at $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 valued at $387,000 after buying an additional 4,926 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Everpure by 109.7% in 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 in the last quarter. Empowered Funds LLC grew its stake in shares of Everpure by 4.2% in the first quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock valued at $212,000 after buying an additional 194 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Everpure by 261.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock valued at $184,000 after buying an additional 2,316 shares in the last quarter. 83.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on P shares. Piper Sandler restated an “overweight” rating on shares of Everpure in a research note on Thursday, May 28th. Citigroup cut Everpure from a “buy” rating to a “neutral” rating and set a $90.00 target price on the stock. in a research note on Thursday, May 14th. Guggenheim boosted their target price on Everpure from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Northland Securities set a $90.00 target price on Everpure in a research note on Thursday, May 28th. Finally, Barclays boosted their target price on Everpure from $81.00 to $84.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Thirteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Everpure presently has an average rating of “Moderate Buy” and an average target price of $96.32.

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.