Everpure (NYSE:P) Director Andrew William Fraser Brown Sells 4,735 Shares

Everpure, Inc. (NYSE:P) Director Andrew William Fraser Brown sold 4,735 shares of Everpure stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $72.57, for a total value of $343,618.95. Following the sale, the director directly owned 27,683 shares in the company, valued at $2,008,955.31. The trade was a 14.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Everpure Stock Performance

Shares of P opened at $72.32 on Tuesday. Everpure, Inc. has a 1 year low of $53.43 and a 1 year high of $100.59. The stock has a 50 day moving average of $76.35. The firm has a market cap of $24.04 billion, a PE ratio of 109.58, a PEG ratio of 3.93 and a beta of 1.44.

Everpure (NYSE:P) last posted its earnings results on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $997.88 million. During the same quarter last year, the company earned $0.29 EPS. Everpure’s revenue was up 35.2% on a year-over-year basis. As a group, analysts anticipate that Everpure, Inc. will post 0.91 earnings per share for the current fiscal year.

Institutional Trading of Everpure

A number of hedge funds and other institutional investors have recently made changes to their positions in P. ARK Investment Management LLC raised its stake in shares of Everpure by 12.6% in the third quarter. ARK Investment Management LLC now owns 347,093 shares of the company’s stock worth $29,090,000 after acquiring an additional 38,768 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Everpure by 2.0% during the third quarter. Victory Capital Management Inc. now owns 2,572,719 shares of the company’s stock valued at $202,563,000 after purchasing an additional 50,566 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Everpure by 12.9% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 307,221 shares of the company’s stock valued at $25,748,000 after purchasing an additional 35,182 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Everpure in the fourth quarter valued at approximately $10,948,000. Finally, Fisher Asset Management LLC acquired a new stake in shares of Everpure in the third quarter valued at approximately $6,016,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

P has been the topic of several analyst reports. Weiss Ratings started coverage on shares of Everpure in a report on Monday, April 20th. They issued a “hold (c)” rating on the stock. Wells Fargo & Company lifted their price target on shares of Everpure from $90.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Piper Sandler restated an “overweight” rating on shares of Everpure in a research report on Thursday, May 28th. Lake Street Capital upped their price objective on shares of Everpure from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, UBS Group raised their price objective on shares of Everpure from $63.00 to $70.00 and gave the stock a “sell” rating in a report on Thursday, May 28th. Thirteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently 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.