Insider Selling: Everpure (NYSE:P) Insider Sells $3,167,001.85 in Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 35,185 shares of Everpure stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $90.01, for a total transaction of $3,167,001.85. Following the completion of the transaction, the insider directly owned 6,474,080 shares in the company, valued at approximately $582,731,940.80. This trade represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 Tuesday, August 11th, John Colgrove sold 100,000 shares of Everpure stock. The shares were 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 transaction of $19,396,000.00.
• On Tuesday, August 4th, John Colgrove sold 89,720 shares of Everpure stock. The stock was sold at an average price of $85.66, for a total transaction of $7,685,415.20.
• On Friday, July 10th, John Colgrove sold 100,000 shares of Everpure stock. The stock was 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 shares were 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 Stock Up 5.3%

Shares of P stock opened at $117.29 on Friday. Everpure, Inc. has a 1-year low of $54.37 and a 1-year high of $118.81. The stock has a market capitalization of $38.99 billion, a P/E ratio of 177.71, a price-to-earnings-growth ratio of 6.25 and a beta of 1.45. The company’s fifty day simple moving average is $77.71.

Everpure (NYSE:P) last announced its quarterly earnings data 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. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $997.88 million. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The business’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 EPS. On average, analysts anticipate that Everpure, Inc. will post 0.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Piper Sandler reaffirmed an “overweight” rating on shares of Everpure in a research note on Thursday, May 28th. Lake Street Capital increased their target price on shares of Everpure from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Guggenheim raised their target price on Everpure from $115.00 to $150.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company boosted their price target on Everpure from $90.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Finally, Susquehanna upgraded Everpure from a “neutral” rating to a “positive” rating and upped their price target for the stock from $85.00 to $120.00 in a research note on Monday. Sixteen analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Everpure currently has an average rating of “Moderate Buy” and an average target price of $101.45.

Trending Headlines about Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Second hyperscaler design win: Everpure announced a multi-year supply agreement and design win with a second top-five hyperscaler. The customer plans to use Everpure’s DirectFlash architecture across multiple storage tiers in large-scale cloud data centers. Revenue is expected to contribute materially beginning in fiscal 2028, while the deal reinforces the company’s positioning in AI and other data-intensive workloads. Everpure lands second hyperscaler design win for DirectFlash
• Positive Sentiment: Analyst upgrade: Susquehanna raised Everpure to “Positive” from “Neutral” and increased its price target to $120 from $85. The firm cited rising demand for high-capacity flash storage from cloud and AI customers, particularly 75-terabyte-plus QLC-based DirectFlash Modules. Why Are Everpure Shares Soaring Today
• Positive Sentiment: Options activity signals bullish positioning: Traders purchased 11,402 call options, about 59% above typical call volume, indicating increased speculative interest in further gains.
• Neutral Sentiment: Strong fundamentals, elevated expectations: Everpure’s latest quarterly results exceeded estimates, with earnings per share of $0.47 versus consensus of $0.40 and revenue of $1.05 billion versus $997.9 million expected. Revenue grew 35.2% year over year, but the stock’s elevated valuation makes it sensitive to execution and the timing of hyperscaler revenue.
• Negative Sentiment: Insider selling: Insider John Colgrove recently sold 100,000 shares for approximately $10.4 million, following reported sales of 200,000 and 35,185 shares. The transactions were made under a pre-arranged Rule 10b5-1 plan, and Colgrove still owns more than 6.2 million shares, limiting—but not eliminating—the negative signal. SEC insider transaction filing

Institutional Investors Weigh In On Everpure

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp boosted its stake in Everpure by 0.8% during the 4th quarter. State Street Corp now owns 10,953,501 shares of the company’s stock valued at $733,994,000 after purchasing an additional 88,583 shares during the period. Geode Capital Management LLC increased its position in Everpure by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 7,716,158 shares of the company’s stock worth $515,972,000 after buying an additional 207,317 shares during the period. Norges Bank acquired a new position in shares of Everpure during the fourth quarter worth approximately $265,327,000. Atreides Management LP acquired a new position in shares of Everpure during the second quarter worth approximately $204,552,000. Finally, AQR Capital Management LLC grew its stake in shares of Everpure by 62.7% in the fourth 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 during the last quarter. 83.42% of the stock is owned by institutional investors and hedge funds.

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.