Everpure, Inc. $P Shares Sold by Harel Insurance Investments & Financial Services Ltd.

Key Points

• Harel Insurance cut its Everpure stake by 88.3%, selling 75,354 shares in Q4 and leaving 10,000 shares worth $670,000.
• Everpure beat Q4 expectations with $0.69 EPS vs $0.65 est. and revenue of $1.06B (up 20.4% year-over-year and above the $1.03B estimate).
• Analysts hold a “Moderate Buy” consensus (average target $93.21; 13 Buy/5 Hold/1 Sell), while insiders sold ~200,000 shares in the past 90 days and institutional investors own 83.42% of the stock.

Harel Insurance Investments & Financial Services Ltd. lessened its holdings in shares of Everpure, Inc. (NYSE:P - Free Report) by 88.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,000 shares of the company's stock after selling 75,354 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in Everpure were worth $670,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. boosted its position in Everpure by 19.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 2,029 shares of the company's stock worth $136,000 after acquiring an additional 336 shares during the period. Truist Financial Corp boosted its position in Everpure by 47.6% during the 4th quarter. Truist Financial Corp now owns 35,491 shares of the company's stock worth $2,378,000 after acquiring an additional 11,440 shares during the period. Cornerstone Planning Group LLC boosted its position in Everpure by 2,884.6% during the 4th quarter. Cornerstone Planning Group LLC now owns 388 shares of the company's stock worth $29,000 after acquiring an additional 375 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new position in Everpure during the 4th quarter worth $10,948,000. Finally, Fifth Third Bancorp boosted its position in Everpure by 14.7% during the 4th quarter. Fifth Third Bancorp now owns 6,799 shares of the company's stock worth $456,000 after acquiring an additional 873 shares during the period. Institutional investors and hedge funds own 83.42% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Barclays boosted their price target on Everpure from $77.00 to $81.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 26th. JPMorgan Chase & Co. reduced their price target on Everpure from $105.00 to $80.00 and set an "overweight" rating for the company in a research report on Thursday, April 16th. Northland Securities upgraded Everpure from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $77.00 to $81.00 in a research report on Monday, March 9th. UBS Group boosted their price target on Everpure from $60.00 to $63.00 and gave the stock a "sell" rating in a research report on Thursday, February 26th. Finally, Wedbush reiterated an "outperform" rating and set a $100.00 price target on shares of Everpure in a research report on Monday, February 23rd. Thirteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $93.21.

Everpure Stock Performance

P opened at $74.47 on Thursday. Everpure, Inc. has a one year low of $46.51 and a one year high of $100.59. The firm has a market capitalization of $24.61 billion, a PE ratio of 130.93, a PEG ratio of 5.57 and a beta of 1.44.

Everpure (NYSE:P - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.04. Everpure had a return on equity of 14.36% and a net margin of 5.14%.The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the business earned $0.45 EPS. The company's quarterly revenue was up 20.4% compared to the same quarter last year. On average, research analysts forecast that Everpure, Inc. will post 0.72 EPS for the current year.

Insider Activity at Everpure

In other news, insider John Colgrove sold 28,935 shares of the business's stock in a transaction on Friday, April 24th. The stock was sold at an average price of $70.01, for a total value of $2,025,739.35. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 200,000 shares of company stock valued at $14,046,750. 0.43% of the stock is currently owned by insiders.

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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