Everpure (NYSE:P) Insider John Colgrove Sells 200,000 Shares

Everpure, Inc. (NYSE:P) insider John Colgrove sold 200,000 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $96.98, for a total value of $19,396,000.00. Following the completion of the sale, the insider owned 6,474,080 shares of the company’s stock, valued at $627,856,278.40. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Colgrove also recently made the following trade(s):

• On Friday, August 7th, John Colgrove sold 35,185 shares of Everpure stock. The stock was sold at an average price of $90.01, for a total value of $3,167,001.85.
• On Tuesday, August 4th, John Colgrove sold 89,720 shares of Everpure stock. The shares were sold at an average price of $85.66, for a total value of $7,685,415.20.
• On Friday, July 10th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $79.82, for a total value of $7,982,000.00.
• On Friday, June 12th, John Colgrove sold 99,900 shares of Everpure stock. The stock was sold at an average price of $71.04, for a total value of $7,096,896.00.
• On Wednesday, June 10th, John Colgrove sold 100 shares of Everpure stock. The stock was sold at an average price of $70.00, for a total value of $7,000.00.
• On Tuesday, June 2nd, John Colgrove sold 10,280 shares of Everpure stock. The stock was sold at an average price of $85.32, for a total value of $877,089.60.

Everpure Price Performance

Shares of P stock opened at $109.45 on Wednesday. The company has a market capitalization of $36.38 billion, a PE ratio of 165.84, a PEG ratio of 5.54 and a beta of 1.45. The firm has a 50 day moving average of $76.33. Everpure, Inc. has a one year low of $54.37 and a one year high of $109.59.

Everpure (NYSE:P) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $997.88 million. During the same quarter last year, the business earned $0.29 EPS. The company’s revenue was up 35.2% compared to the same quarter last year. Sell-side analysts predict that Everpure, Inc. will post 0.92 earnings per share for the current year.

Trending Headlines about Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Second top-five hyperscaler design win: Everpure announced a design win and multi-year supply agreement with a second top-five hyperscaler. The customer plans to use Everpure’s DirectFlash architecture across multiple storage-performance tiers in large-scale cloud data centers. Management expects the agreement to materially support revenue beginning in fiscal 2028, while the deal also validates the company’s technology for AI and other data-intensive workloads. Everpure Lands New Design Win with Second Top-Five Hyperscaler
• Positive Sentiment: Analyst upgrade and higher price target: Susquehanna upgraded Everpure from “Neutral” to “Positive” and raised its price target to $120 from $85, citing additional upside. The upgrade adds to the positive momentum surrounding the hyperscaler contract. Everpure pops up 10%; Susquehanna upgrades to Positive rating
• Positive Sentiment: Favorable infrastructure spending backdrop: Morgan Stanley said rising memory prices, or “chipflation,” could accelerate enterprise and AI infrastructure spending rather than delay it. That environment may benefit storage and data-management vendors such as Everpure. Morgan Stanley sees more upside in these stocks as chipflation worsens
• Neutral Sentiment: Valuation remains a concern: Everpure trades at a high earnings multiple, making the shares sensitive to execution, customer adoption and the timing of expected hyperscaler revenue. Investors are weighing the strong growth opportunity against substantial expectations already reflected in the stock.
• Negative Sentiment: Insider selling: Director John Colgrove sold a combined 235,185 shares for approximately $22.6 million. Both transactions were executed under a pre-arranged Rule 10b5-1 trading plan, reducing the bearish signal, and he still owns more than 6.4 million shares. SEC insider transaction filing

Institutional Trading of Everpure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC bought a new position in Everpure during the 1st quarter valued at $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Everpure by 129.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock worth $387,000 after acquiring an additional 4,926 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Everpure by 109.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock valued at $50,377,000 after purchasing an additional 595,307 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Everpure by 4.2% in the first quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock valued at $212,000 after purchasing an additional 194 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Everpure by 261.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock valued at $184,000 after purchasing an additional 2,316 shares in the last quarter. 83.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

P has been the topic of a number of research reports. William Blair reaffirmed an “outperform” rating on shares of Everpure in a research note on Thursday, May 28th. UBS Group boosted their price objective on Everpure from $63.00 to $70.00 and gave the company a “sell” rating in a report on Thursday, May 28th. Lake Street Capital upped their target price on Everpure from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Morgan Stanley upgraded Everpure from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $87.00 to $108.00 in a report on Monday. Finally, DA Davidson set a $100.00 price target on shares of Everpure in a research report on Wednesday, July 1st. Sixteen analysts have rated the stock with a Buy rating, four have assigned 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 price target of $99.70.

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.