John Colgrove Sells 100,000 Shares of Everpure (NYSE:P) Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 100,000 shares of Everpure stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $117.21, for a total value of $11,721,000.00. Following the transaction, the insider directly owned 6,074,080 shares of the company’s stock, valued at approximately $711,942,916.80. This represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 14th, John Colgrove sold 64,815 shares of Everpure stock. The shares were sold at an average price of $117.44, for a total value of $7,611,873.60.
• On Tuesday, August 11th, John Colgrove sold 100,000 shares of Everpure stock. The stock was sold at an average price of $104.39, for a total transaction of $10,439,000.00.
• On Monday, August 10th, John Colgrove sold 200,000 shares of Everpure stock. The stock was sold at an average price of $96.98, for a total value of $19,396,000.00.
• 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 transaction 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 transaction of $7,096,896.00.
• On Wednesday, June 10th, John Colgrove sold 100 shares of Everpure stock. The shares were sold at an average price of $70.00, for a total transaction of $7,000.00.
• On Tuesday, June 2nd, John Colgrove sold 10,280 shares of Everpure stock. The shares were sold at an average price of $85.32, for a total transaction of $877,089.60.

Everpure Trading Up 0.2%

Everpure stock opened at $117.21 on Wednesday. The firm has a market cap of $38.96 billion, a price-to-earnings ratio of 177.59, a PEG ratio of 6.63 and a beta of 1.45. Everpure, Inc. has a twelve month low of $54.37 and a twelve month high of $119.10. The company has a 50 day moving average of $80.44.

Everpure (NYSE:P) last released its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The firm’s revenue was up 35.2% on a year-over-year basis. During the same quarter last year, the company earned $0.29 earnings per share. Research analysts expect that Everpure, Inc. will post 0.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. UBS Group raised their target price on shares of Everpure from $63.00 to $70.00 and gave the company a “sell” rating in a research note on Thursday, May 28th. Wall Street Zen lowered Everpure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Susquehanna raised Everpure from a “neutral” rating to a “positive” rating and upped their price objective for the company from $85.00 to $120.00 in a research note on Monday, August 10th. Lake Street Capital upped their price objective on shares of Everpure from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, DA Davidson set a $100.00 target price on shares of Everpure in a report on Wednesday, July 1st. Sixteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.95.

Everpure News Summary

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: TD Cowen raised its price target on Everpure from $100 to $170 and reaffirmed a Buy rating, implying approximately 45% potential upside from the referenced $117.21 price. The analyst reportedly sees Oracle as a potential new hyperscale customer and expects further revenue growth from Meta. Everpure Stock Hits Record High – TD Cowen Says Oracle Could Be Its New Hyperscale Customer
• Positive Sentiment: Brokerage sentiment remains supportive, with Everpure receiving an average “Moderate Buy” recommendation. Recent institutional activity also shows continued ownership from major investors, while institutions and hedge funds hold approximately 83.4% of the shares. Everpure Receives Average Recommendation of Moderate Buy
• Neutral Sentiment: The bullish TD Cowen target contrasts with the broader consensus price target of approximately $101.45, which is below the referenced market price. Everpure also trades at a very elevated earnings multiple, making the stock increasingly dependent on strong execution and continued growth.
• Negative Sentiment: Insider John Colgrove sold 64,815 shares for about $7.6 million and 100,000 shares for approximately $11.7 million. The transactions were conducted under a pre-arranged Rule 10b5-1 plan, and Colgrove still owns more than 6 million shares, reducing—but not eliminating—the negative signaling from the sales. Insider Selling at Everpure

Institutional Investors Weigh In On Everpure

Several large investors have recently modified their holdings of the business. State Street Corp raised its holdings in shares of Everpure by 0.8% during the 4th quarter. State Street Corp now owns 10,953,501 shares of the company’s stock worth $733,994,000 after acquiring an additional 88,583 shares during the period. Geode Capital Management LLC grew its stake in shares of Everpure by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 7,716,158 shares of the company’s stock worth $515,972,000 after acquiring an additional 207,317 shares in the last quarter. Norges Bank acquired a new position in shares of Everpure during the fourth quarter worth about $265,327,000. Atreides Management LP purchased a new stake in shares of Everpure during the 2nd quarter worth $204,552,000. Finally, AQR Capital Management LLC boosted its position in shares of Everpure by 62.7% during the 4th quarter. AQR Capital Management LLC now owns 3,414,715 shares of the company’s stock worth $228,820,000 after acquiring an additional 1,315,351 shares in the last quarter. Institutional investors own 83.42% of the company’s stock.

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.