Everpure (NYSE:P) Hits New 1-Year High on Analyst Upgrade

Everpure, Inc. (NYSE:P) reached a new 52-week high during mid-day trading on Tuesday after Citigroup upgraded the stock from a neutral rating to a buy rating. Citigroup now has a $118.00 price target on the stock, up from their previous price target of $90.00. Everpure traded as high as $102.20 and last traded at $98.01, with a volume of 5139969 shares. The stock had previously closed at $90.05.

Other equities research analysts have also issued research reports about the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everpure in a report on Friday, July 17th. Susquehanna raised Everpure from a “neutral” rating to a “positive” rating and increased their target price for the stock from $85.00 to $120.00 in a research note on Monday. Piper Sandler restated an “overweight” rating on shares of Everpure in a research note on Thursday, May 28th. Morgan Stanley raised Everpure from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $87.00 to $108.00 in a report on Monday. Finally, Lake Street Capital raised their target price on Everpure from $90.00 to $94.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Sixteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Everpure presently has a consensus rating of “Moderate Buy” and an average target price of $99.70.

Insider Buying and Selling

In other news, Director Mallun Yen sold 4,735 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $76.90, for a total transaction of $364,121.50. Following the completion of the transaction, the director directly owned 43,281 shares of the company’s stock, valued at $3,328,308.90. This trade represents a 9.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Colgrove sold 200,000 shares of Everpure stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $96.98, for a total value of $19,396,000.00. Following the transaction, the insider owned 6,474,080 shares of the company’s stock, valued at $627,856,278.40. This represents a 3.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 562,985 shares of company stock valued at $48,382,008. 5.10% of the stock is owned by company insiders.

Key Headlines Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Susquehanna upgraded the stock: The firm raised Everpure from “Neutral” to “Positive” and increased its price target to $120 from $85. Susquehanna cited growing demand for high-capacity QLC flash storage from major cloud and AI customers, including potential adoption of Everpure’s 75-terabyte-plus DirectFlash Modules. Why Are Everpure Shares Soaring Today
• Positive Sentiment: Second top-five hyperscaler design win: Everpure secured a design win and multiyear supply agreement with another major hyperscaler. The customer plans to use the company’s DirectFlash architecture across multiple storage tiers, with management expecting the agreement to materially support revenue beginning in fiscal 2028. The deal also validates Everpure’s positioning in AI and large-scale cloud data centers. Everpure Secures Second Hyperscaler Design and Supply Agreement
• Positive Sentiment: Strong operating momentum: The company’s latest reported quarter exceeded expectations, with earnings per share of $0.47 versus a $0.40 consensus estimate and revenue of $1.05 billion versus estimates of $997.88 million. Revenue rose 35.2% year over year, supporting the bullish growth narrative.
• Neutral Sentiment: Unusual options activity: Investors purchased 11,402 call options, about 59% above average call volume. This may reflect increased bullish speculation, although options activity alone does not establish durable demand for the shares.
• Negative Sentiment: Insider selling and elevated valuation: Insider John Colgrove sold a combined 235,185 shares for approximately $22.6 million. The transactions were made under a pre-arranged Rule 10b5-1 plan, and he retains more than 6.4 million shares, reducing the bearish significance. Still, Everpure’s high valuation leaves the stock vulnerable if hyperscaler revenue arrives later than expected or growth slows.

Institutional Trading of Everpure

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sunbelt Securities Inc. raised its stake in Everpure by 287.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after purchasing an additional 244 shares during the last quarter. Banque Transatlantique SA acquired a new stake in shares of Everpure during the 3rd quarter worth about $29,000. Salomon & Ludwin LLC grew its holdings in shares of Everpure by 108.2% during the fourth quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock worth $27,000 after buying an additional 199 shares in the last quarter. Cornerstone Planning Group LLC grew its holdings in shares of Everpure by 2,884.6% during the fourth quarter. Cornerstone Planning Group LLC now owns 388 shares of the company’s stock worth $29,000 after buying an additional 375 shares in the last quarter. Finally, Greenline Wealth Management LLC acquired a new position in shares of Everpure in the fourth quarter valued at approximately $32,000. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Everpure Stock Performance

The firm’s 50 day moving average is $76.94. The stock has a market capitalization of $37.03 billion, a price-to-earnings ratio of 168.79, a PEG ratio of 6.19 and a beta of 1.45.

Everpure (NYSE:P) last released its earnings results on Wednesday, May 27th. The company reported $0.47 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 analysts’ expectations of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. Everpure’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 EPS. As a group, research analysts forecast that Everpure, Inc. will post 0.92 earnings per share for the current year.

About Everpure

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.