Everpure (NYSE:P) Insider John Colgrove Sells 89,720 Shares

Everpure, Inc. (NYSE:P) insider John Colgrove sold 89,720 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $85.66, for a total transaction of $7,685,415.20. Following the sale, the insider directly owned 6,509,265 shares of the company’s stock, valued at approximately $557,583,639.90. This trade represents a 1.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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, 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 transaction of $7,982,000.00.
• On Friday, June 12th, John Colgrove sold 99,900 shares of Everpure stock. The shares were 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 stock was 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 stock was sold at an average price of $85.32, for a total transaction of $877,089.60.
• On Monday, May 11th, John Colgrove sold 200,000 shares of Everpure stock. The stock was sold at an average price of $85.93, for a total transaction of $17,186,000.00.

Everpure Trading Up 4.4%

P opened at $87.45 on Friday. Everpure, Inc. has a 1-year low of $54.37 and a 1-year high of $100.59. The company has a market capitalization of $29.07 billion, a P/E ratio of 132.51, a P/E/G ratio of 4.74 and a beta of 1.45. The firm has a fifty day moving average of $75.32.

Everpure (NYSE:P) last announced its quarterly earnings data 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 firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 earnings per share. As a group, analysts forecast that Everpure, Inc. will post 0.92 earnings per share for the current fiscal year.

Institutional Trading of Everpure

Several institutional investors and hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new stake in Everpure in the 1st quarter valued at $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Everpure by 129.1% during 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 during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Everpure by 109.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock worth $50,377,000 after acquiring an additional 595,307 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Everpure by 4.2% in the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock worth $212,000 after acquiring an additional 194 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Everpure by 261.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock worth $184,000 after acquiring an additional 2,316 shares in the last quarter. 83.42% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure promoted Craig Robertson to lead its channel operations across EMEA and Latin America. The internal appointment could support partner growth and sales execution in two important international markets. Everpure promotes Craig Robertson to EMEA and LATAM channel chief
• Neutral Sentiment: The company will release second-quarter fiscal 2027 results and hold a conference call on August 26 at 2:00 p.m. Pacific time. The announcement itself does not change fundamentals, but investors may be positioning ahead of updates on revenue growth, profitability, demand and guidance. Everpure Announces Date and Conference Call Information for Second Quarter Fiscal 2027 Financial Results
• Negative Sentiment: Director John Colgrove sold 89,720 Everpure shares for approximately $7.69 million at an average price of $85.66, reducing his ownership by 1.36%. The sale was conducted under a pre-arranged Rule 10b5-1 plan, and he still owned 6.51 million shares afterward, which lessens—but does not eliminate—the potential negative interpretation. SEC insider transaction filing

Analyst Ratings Changes

P has been the subject of several recent research reports. Lake Street Capital boosted their price objective on Everpure from $90.00 to $94.00 and gave the company a “buy” rating in a report on Thursday, May 28th. TD Cowen reiterated a “buy” rating on shares of Everpure in a report on Wednesday, July 1st. Citigroup downgraded shares of Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price target for the company. in a research report on Thursday, May 14th. Wedbush lifted their price target on shares of Everpure from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen upgraded shares of Everpure from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 5th. Thirteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Everpure currently has an average rating of “Moderate Buy” and an average target price of $96.50.

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.