Everpure (NYSE:P) Insider Sells $19,396,000.00 in Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 200,000 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $96.98, for a total transaction of $19,396,000.00. Following the transaction, the insider owned 6,474,080 shares in the company, valued at approximately $627,856,278.40. The trade was a 3.00% decrease in their ownership of the stock. The sale 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 Friday, August 7th, John Colgrove sold 35,185 shares of Everpure stock. The shares were 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 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 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 value of $877,089.60.

Everpure Stock Up 5.3%

Shares of NYSE P opened at $117.29 on Friday. The stock has a market cap of $38.99 billion, a PE ratio of 177.71, a P/E/G ratio of 6.25 and a beta of 1.45. Everpure, Inc. has a 1-year low of $54.37 and a 1-year high of $118.81. The stock’s fifty day moving average is $77.71.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on P. Wedbush raised their target price on shares of Everpure from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everpure in a research report on Friday, July 17th. Northland Securities set a $90.00 price objective on Everpure in a report on Thursday, May 28th. Morgan Stanley raised Everpure from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $87.00 to $108.00 in a research report on Monday. Finally, JPMorgan Chase & Co. boosted their target price on Everpure from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Sixteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Everpure presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.45.

Key Stories Impacting 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 Trading of Everpure

Several large investors have recently bought and sold shares of P. State Street Corp raised its holdings in shares of Everpure by 0.8% in the fourth quarter. State Street Corp now owns 10,953,501 shares of the company’s stock worth $733,994,000 after buying an additional 88,583 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Everpure by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 7,716,158 shares of the company’s stock valued at $515,972,000 after buying an additional 207,317 shares during the last quarter. Norges Bank acquired a new position in shares of Everpure in the 4th quarter valued at $265,327,000. Atreides Management LP acquired a new position in shares of Everpure in the 2nd quarter valued at $204,552,000. Finally, AQR Capital Management LLC raised its stake in Everpure by 62.7% in 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 during the last quarter. Hedge funds and other 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.