Everpure (NYSE:P) Stock: Insider Mona Chu Sells 2,852 Shares

Key Points

• Insider sale: Chief Accounting Officer Mona Chu sold 2,852 Everpure shares at an average price of $140.20, generating approximately $399,850. She retained 131,094 shares following the transaction.
• Strong operating results: Everpure reported quarterly EPS of $0.70, exceeding the $0.19 analyst consensus, while revenue rose 37.7% year over year to $1.19 billion.
• Positive analyst sentiment: Seventeen analysts rate the stock a Buy, compared with three Holds and one Sell, giving Everpure a consensus “Moderate Buy” rating and an average price target of $138.25.

Everpure, Inc. (NYSE:P - Get Free Report) CAO Mona Chu sold 2,852 shares of the firm's stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $140.20, for a total transaction of $399,850.40. Following the sale, the chief accounting officer owned 131,094 shares in the company, valued at approximately $18,379,378.80. The trade was a 2.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Everpure Stock Performance

Shares of P traded up $3.15 during mid-day trading on Tuesday, reaching $147.03. The stock had a trading volume of 3,578,742 shares, compared to its average volume of 3,786,145. The firm has a market capitalization of $48.99 billion, a price-to-earnings ratio of 201.41, a price-to-earnings-growth ratio of 4.68 and a beta of 1.39. Everpure, Inc. has a 12 month low of $56.78 and a 12 month high of $149.05. The business's fifty day moving average price is $103.96.

Everpure (NYSE:P - Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.51. The firm 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%. Everpure's revenue was up 37.7% compared to the same quarter last year. As a group, equities analysts anticipate that Everpure, Inc. will post 0.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

P has been the topic of several research analyst reports. Lake Street Capital boosted their price objective on Everpure from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Thursday, September 24th. Needham & Company LLC increased their target price on Everpure from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, September 24th. 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 note on Thursday, August 27th. Guggenheim reissued a "buy" rating and issued a $150.00 price target on shares of Everpure in a report on Thursday, September 24th. Finally, Weiss Ratings upgraded Everpure from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, September 29th. Seventeen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Everpure currently has a consensus rating of "Moderate Buy" and an average target price of $138.25.

Institutional Investors Weigh In On Everpure

A number of hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc lifted its position in shares of Everpure by 15.7% in the third quarter. Versant Capital Management Inc now owns 3,761 shares of the company's stock worth $492,000 after buying an additional 509 shares in the last quarter. QRG Capital Management Inc. purchased a new position in Everpure during the 2nd quarter valued at approximately $1,110,000. Envestnet Portfolio Solutions Inc. bought a new stake in Everpure in the 2nd quarter worth approximately $785,000. Andra AP fonden bought a new stake in Everpure in the 2nd quarter worth approximately $5,230,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Everpure during the 2nd quarter worth approximately $814,000. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

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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