Everpure (NYSE:P) Director Andrew William Fraser Brown Sells 4,268 Shares of Stock

Key Points

• Director Andrew Brown sold 4,268 shares of Everpure at an average price of $156.03, generating approximately $665,936. After the transaction, he retained 23,415 shares, a 15.42% reduction in his position.
• Everpure shares traded at $157.07, near their 52-week high of $157.57, with a market capitalization of $52.34 billion and a high price-to-earnings ratio of 215.16.
• The company recently reported quarterly EPS of $0.70, beating estimates of $0.19, while revenue rose 37.7% year over year to $1.19 billion. Analysts collectively rate the stock “Moderate Buy,” with an average price target of $143.25.

Everpure, Inc. (NYSE:P - Get Free Report) Director Andrew Brown sold 4,268 shares of the business's stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $156.03, for a total transaction of $665,936.04. Following the completion of the sale, the director directly owned 23,415 shares in the company, valued at approximately $3,653,442.45. This represents a 15.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Everpure Stock Performance

P traded up $1.76 during trading hours on Tuesday, hitting $157.07. 3,372,169 shares of the company's stock were exchanged, 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 firm has a 50-day moving average price of $111.68. The company has a market capitalization of $52.34 billion, a PE ratio of 215.16, a price-to-earnings-growth ratio of 5.15 and a beta of 1.39.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on P shares. Oppenheimer restated an "outperform" rating and set a $140.00 price objective on shares of Everpure in a research note on Thursday, August 20th. JPMorgan Chase & Co. lifted their target price on Everpure from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday, August 27th. Guggenheim upped their target price on Everpure from $150.00 to $215.00 and gave the stock a "buy" rating in a report on Monday. Northland Securities set a $167.00 target price on Everpure in a report on Thursday, September 24th. Finally, Lake Street Capital increased their price target on Everpure from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Thursday, September 24th. Seventeen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned 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 target price of $143.25.

Hedge Funds Weigh In On Everpure

Several hedge funds and other institutional investors have recently made changes to their positions in P. Catalyst Private Wealth LLC acquired a new position in Everpure during the third quarter worth $273,000. Sage Capital Advisors llc bought a new stake in Everpure during the third quarter worth $526,000. McGlone Suttner Wealth Management Inc. bought a new stake in Everpure during the third quarter worth $322,000. NorthCrest Asset Manangement LLC lifted its stake in Everpure by 5.0% in the third quarter. NorthCrest Asset Manangement LLC now owns 4,698 shares of the company's stock valued at $614,000 after acquiring an additional 224 shares during the last quarter. Finally, Wedmont Private Capital lifted 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 acquiring an additional 3,522 shares during the last quarter. 83.42% of the stock is owned by institutional investors.

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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