Ajay Singh Sells 9,787 Shares of Everpure (NYSE:P) Stock

Everpure, Inc. (NYSE:P) insider Ajay Singh sold 9,787 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $78.12, for a total value of $764,560.44. Following the transaction, the insider owned 340,939 shares of the company’s stock, valued at approximately $26,634,154.68. The trade was a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Everpure Stock Down 2.1%

Shares of NYSE:P traded down $1.69 on Friday, hitting $79.27. The company’s stock had a trading volume of 2,083,631 shares, compared to its average volume of 2,830,721. The firm’s 50-day moving average price is $77.17. Everpure, Inc. has a 1 year low of $53.43 and a 1 year high of $100.59. The stock has a market cap of $26.35 billion, a P/E ratio of 120.11, a PEG ratio of 4.49 and a beta of 1.45.

Everpure (NYSE:P) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, topping the consensus estimate 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 return on equity of 15.97% and a net margin of 5.75%.Everpure’s revenue was up 35.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 earnings per share. Sell-side analysts anticipate that Everpure, Inc. will post 0.92 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on P shares. Lake Street Capital raised their price objective on Everpure from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Citigroup downgraded shares of Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price objective for the company. in a research note on Thursday, May 14th. DA Davidson set a $100.00 target price on Everpure in a research note on Wednesday, July 1st. Morgan Stanley boosted their price target on Everpure from $84.00 to $87.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Finally, William Blair reaffirmed an “outperform” rating on shares of Everpure in a research report on Thursday, May 28th. Thirteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $96.50.

Hedge Funds Weigh In On Everpure

Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp boosted its position in Everpure by 0.8% during the 4th quarter. State Street Corp now owns 10,953,501 shares of the company’s stock valued at $733,994,000 after acquiring an additional 88,583 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Everpure by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 7,716,158 shares of the company’s stock worth $515,972,000 after acquiring an additional 207,317 shares in the last quarter. Atreides Management LP lifted its stake in shares of Everpure by 15.4% in the 3rd quarter. Atreides Management LP now owns 4,098,376 shares of the company’s stock valued at $343,485,000 after purchasing an additional 545,890 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Everpure by 786.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,027,610 shares of the company’s stock valued at $337,554,000 after purchasing an additional 3,573,493 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Everpure during the fourth quarter valued at approximately $265,327,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

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.