Everpure (NYSE:P) CAO Sells $773,956.80 in Stock

Key Points

• Chief Accounting Officer Mona Chu sold 5,112 Everpure shares at an average price of $151.40, generating $773,956.80 and reducing her direct ownership by 3.9% to 125,982 shares. She also sold 2,852 shares the prior week for $399,850.40.
• Everpure shares reached $157.07, near their 52-week high of $157.57, while the company reported quarterly revenue of $1.19 billion and earnings of $0.70 per share—well above the $0.19 analyst consensus.
• Analysts maintain a “Moderate Buy” consensus, with 17 Buy, four Hold, and one Sell rating and an average price target of $143.25; institutional investors own 83.42% of the stock.

Everpure, Inc. (NYSE:P - Get Free Report) CAO Mona Chu sold 5,112 shares of the business's stock in a transaction on Friday, October 9th. The stock was sold at an average price of $151.40, for a total value of $773,956.80. Following the sale, the chief accounting officer directly owned 125,982 shares in the company, valued at $19,073,674.80. This trade represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Mona Chu also recently made the following trade(s):

• On Friday, October 2nd, Mona Chu sold 2,852 shares of Everpure stock. The shares were sold at an average price of $140.20, for a total value of $399,850.40.

Everpure Stock Performance

Shares of NYSE:P traded up $1.76 during midday trading on Tuesday, reaching $157.07. The company had a trading volume of 3,372,169 shares, compared to its average volume of 3,804,841. Everpure, Inc. has a 1-year low of $56.78 and a 1-year high of $157.57. The company has a market capitalization of $52.34 billion, a price-to-earnings ratio of 215.16, a price-to-earnings-growth ratio of 5.15 and a beta of 1.39. The company has a fifty day simple moving average of $111.68.

Everpure (NYSE:P - Get Free Report) last issued its quarterly 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. The firm had revenue of $1.19 billion for the quarter. Everpure had a return on equity of 19.06% and a net margin of 5.94%. Everpure's quarterly revenue was up 37.7% on a year-over-year basis. As a group, sell-side analysts forecast that Everpure, Inc. will post 0.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Catalyst Private Wealth LLC acquired a new position in shares of Everpure in the third quarter worth $273,000. Sage Capital Advisors llc acquired a new stake in Everpure during the third quarter valued at $526,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Everpure during the third quarter valued at $322,000. NorthCrest Asset Manangement LLC boosted its position in Everpure by 5.0% during the third quarter. NorthCrest Asset Manangement LLC now owns 4,698 shares of the company's stock valued at $614,000 after purchasing an additional 224 shares during the last quarter. Finally, Wedmont Private Capital grew its stake in Everpure by 52.6% in the third quarter. Wedmont Private Capital now owns 10,213 shares of the company's stock valued at $1,336,000 after purchasing an additional 3,522 shares in the last quarter. 83.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Northland Securities set a $167.00 target price on shares of Everpure in a research report on Thursday, September 24th. Morgan Stanley boosted their price target on shares of Everpure from $119.00 to $137.00 and gave the company an "overweight" rating in a report on Thursday, September 24th. Wells Fargo & Company upped their price target on shares of Everpure from $135.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday, September 24th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Everpure in a research note on Monday. Finally, Evercore reaffirmed an "outperform" rating and issued a $145.00 price objective on shares of Everpure in a research note on Thursday, September 24th. Seventeen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $143.25.

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.

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