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

by · The Markets Daily

Everpure, Inc. (NYSE:P – Get Free Report) insider Ajay Singh sold 9,787 shares of the stock in a transaction on 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 directly owned 340,939 shares in the company, valued at approximately $26,634,154.68. This represents a 2.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Everpure Stock Performance

Shares of NYSE:P traded down $1.69 during midday trading on Friday, reaching $79.27. The company’s stock had a trading volume of 2,083,631 shares, compared to its average volume of 3,402,759. The firm has a market cap of $26.35 billion, a price-to-earnings ratio of 120.11, a price-to-earnings-growth ratio of 4.40 and a beta of 1.45. Everpure, Inc. has a 1 year low of $53.43 and a 1 year high of $100.59. The company’s 50 day moving average is $76.99.

Everpure (NYSE:P – Get Free Report) last released its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share 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 firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $997.88 million. During the same period in the prior year, the business posted $0.29 earnings per share. The firm’s revenue for the quarter was up 35.2% compared to the same quarter last year. Analysts expect that Everpure, Inc. will post 0.92 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on P shares. DA Davidson set a $100.00 price target on shares of Everpure in a research note on Wednesday, July 1st. Morgan Stanley boosted their price objective on shares of Everpure from $84.00 to $87.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Wells Fargo & Company increased their target price on Everpure from $90.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Piper Sandler reiterated an “overweight” rating on shares of Everpure in a report on Thursday, May 28th. Finally, Barclays lifted their target price on Everpure from $81.00 to $84.00 and gave the company an “equal weight” 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $96.50.

Check Out Our Latest Stock Analysis on P

Hedge Funds Weigh In On Everpure

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new position in Everpure in the fourth quarter valued at about $265,327,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Everpure by 786.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,027,610 shares of the company’s stock valued at $337,554,000 after buying an additional 3,573,493 shares during the period. Atreides Management LP purchased a new stake in shares of Everpure during the 2nd quarter valued at about $204,552,000. Polar Capital Holdings Plc lifted its position in Everpure by 90.5% during the 3rd quarter. Polar Capital Holdings Plc now owns 2,831,141 shares of the company’s stock worth $237,278,000 after acquiring an additional 1,345,207 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in Everpure by 62.7% during the 4th quarter. AQR Capital Management LLC now owns 3,414,715 shares of the company’s stock worth $228,820,000 after acquiring an additional 1,315,351 shares in the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

About Everpure

(Get Free Report)

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.

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