Insider Selling: Everpure (NYSE:P) Insider Sells $11,721,000.00 in Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 100,000 shares of the business’s 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 completion of the sale, the insider directly owned 6,074,080 shares in the company, valued at $711,942,916.80. This trade represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 value 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 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 transaction of $877,089.60.

Everpure Trading Down 4.2%

NYSE:P opened at $112.16 on Thursday. The firm’s 50 day moving average price is $81.35. Everpure, Inc. has a 52 week low of $54.37 and a 52 week high of $119.10. The stock has a market capitalization of $37.28 billion, a PE ratio of 169.94, a price-to-earnings-growth ratio of 6.57 and a beta of 1.45.

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

Institutional Trading of Everpure

Large investors have recently modified their holdings of the company. Salomon & Ludwin LLC lifted its holdings in Everpure by 108.2% in the fourth quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock valued at $27,000 after acquiring an additional 199 shares during the period. Sunbelt Securities Inc. boosted its position in Everpure by 287.1% in the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after purchasing an additional 244 shares during the last quarter. Cornerstone Planning Group LLC grew its stake in shares of Everpure by 2,884.6% during the 4th quarter. Cornerstone Planning Group LLC now owns 388 shares of the company’s stock valued at $29,000 after purchasing an additional 375 shares during the period. Banque Transatlantique SA purchased a new stake in shares of Everpure during the 3rd quarter valued at about $29,000. Finally, Reflection Asset Management purchased a new stake in shares of Everpure during the 4th quarter valued at about $32,000. Institutional investors own 83.42% of the company’s stock.

Key Stories Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure secured a contract with one of the world’s top five hyperscale cloud providers for its flash-storage products. The customer and financial terms were not disclosed, but the agreement supports demand for Everpure’s data-center storage business and could strengthen its position in the artificial-intelligence infrastructure market. Everpure secures contract from top-five hyperscaler
• Positive Sentiment: TD Cowen raised its price target to $170 from $100 and maintained a Buy rating, citing the possibility that Oracle is the new hyperscale customer and anticipating further revenue growth from Meta. The new target implies substantial upside from recent trading levels. TD Cowen raises Everpure price target
• Neutral Sentiment: Brokerage sentiment remains favorable, with Everpure carrying a consensus “Moderate Buy” rating. However, the reported average price target of $101.45 is below the stock’s recent level, suggesting some analysts may view the rally as ahead of fundamentals.
• Negative Sentiment: Insider John Colgrove sold 64,815 shares for approximately $7.6 million and separately sold 100,000 shares for about $11.7 million. The transactions were executed under a pre-arranged Rule 10b5-1 plan, reducing their negative signal, and Colgrove still owns more than 6 million shares. Everpure insider selling
• Negative Sentiment: Valuation remains a risk: Everpure trades at roughly 170–177 times earnings after reaching a new 52-week high. That premium leaves the stock vulnerable to profit-taking if hyperscaler growth or contract economics do not meet elevated expectations.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wall Street Zen cut Everpure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Northland Securities set a $90.00 price objective on Everpure in a report on Thursday, May 28th. William Blair reissued an “outperform” rating on shares of Everpure in a research report on Thursday, May 28th. Guggenheim upped their target price on shares of Everpure from $115.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Everpure in a report 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.95.

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.