10,265 Shares of Everpure, Inc. $P Bought by Motley Fool Asset Management LLC

Key Points

• Motley Fool Asset Management acquired 10,265 Everpure shares worth approximately $1.34 million during the third quarter. Institutional investors collectively own 83.42% of the company.
• Everpure reported quarterly revenue of $1.19 billion, up 37.7% year over year, and earnings of $0.70 per share—$0.51 above analyst estimates. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $143.25.
• Insiders have been net sellers, including John Colgrove’s sale of 100,000 shares for $14.5 million and Ajay Singh’s sale of 18,267 shares. Insiders sold 1.24 million shares worth $142.3 million in the last quarter.

Motley Fool Asset Management LLC acquired a new stake in Everpure, Inc. (NYSE:P - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 10,265 shares of the company's stock, valued at approximately $1,342,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Fortitude Family Office LLC increased its holdings in Everpure by 49.0% in the third quarter. Fortitude Family Office LLC now owns 362 shares of the company's stock worth $47,000 after purchasing an additional 119 shares in the last quarter. Continuum Advisory LLC acquired a new position in Everpure in the second quarter valued at approximately $29,000. Reyes Financial Architecture Inc. bought a new position in shares of Everpure during the 3rd quarter worth approximately $48,000. Root Financial Partners LLC bought a new position in shares of Everpure during the 3rd quarter worth approximately $61,000. Finally, Ancora Advisors LLC bought a new position in shares of Everpure during the 2nd quarter worth approximately $67,000. Institutional investors own 83.42% of the company's stock.

Everpure Stock Down 1.1%

Shares of Everpure stock opened at $137.13 on Friday. The firm has a market capitalization of $45.70 billion, a PE ratio of 187.85, a PEG ratio of 4.62 and a beta of 1.39. Everpure, Inc. has a 52 week low of $56.78 and a 52 week high of $157.57. The firm has a 50 day moving average price of $119.36.

Everpure (NYSE:P - Get Free Report) last issued its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.51. Everpure had a return on equity of 19.06% and a net margin of 5.94%. The company had revenue of $1.19 billion for the quarter. The firm's revenue for the quarter was up 37.7% compared to the same quarter last year. As a group, analysts expect that Everpure, Inc. will post 0.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on P shares. Citigroup raised their price objective on shares of Everpure from $130.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, September 24th. Barclays boosted their target price on shares of Everpure from $110.00 to $132.00 and gave the company an "equal weight" rating in a research report on Friday, September 25th. Lake Street Capital increased their target price on shares of Everpure from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Thursday, September 24th. Wedbush reissued an "outperform" rating and set a $130.00 target price on shares of Everpure in a research note on Thursday, September 24th. Finally, Piper Sandler raised their price target on shares of Everpure from $133.00 to $162.00 and gave the stock an "overweight" rating in a report on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Everpure currently has an average rating of "Moderate Buy" and an average target price of $143.25.

Insiders Place Their Bets

In other Everpure news, insider John Colgrove sold 100,000 shares of the company's stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $145.00, for a total transaction of $14,500,000.00. Following the transaction, the insider owned 5,393,309 shares in the company, valued at approximately $782,029,805. This represents a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ajay Singh sold 18,267 shares of the firm's stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $155.24, for a total transaction of $2,835,769.08. Following the completion of the transaction, the insider directly owned 270,095 shares in the company, valued at $41,929,547.80. This trade represents a 6.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,235,091 shares of company stock worth $142,276,537 in the last quarter. Insiders own 5.10% of the company's stock.

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.

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