Everpure (NYSE:P) Insider John Colgrove Sells 27,578 Shares

Key Points

• John Colgrove, an Everpure insider, sold 27,578 shares on May 6 at an average price of $75.01 (~$2.07M); the trade was executed under a pre-arranged Rule 10b5-1 plan and, along with other recent sales, reduced his holding by 5.26% to 496,802 shares (≈$37.27M).
• Everpure shares traded up 1.9% to $75.85 on the day, with a market cap of $25.07B, a PE ratio of 137.91, and a 12‑month range of $47.64–$100.59.
• The company beat quarterly expectations (EPS $0.69 vs. $0.65; revenue $1.06B vs. $1.03B), reporting 20.4% year‑over‑year revenue growth, and holds a consensus analyst rating of "Moderate Buy" with an average target of $93.21.

Everpure, Inc. (NYSE:P - Get Free Report) insider John Colgrove sold 27,578 shares of the firm's stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $75.01, for a total transaction of $2,068,625.78. Following the completion of the transaction, the insider directly owned 496,802 shares in the company, valued at $37,265,118.02. This represents a 5.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Colgrove also recently made the following trade(s):

• On Thursday, May 7th, John Colgrove sold 29,108 shares of Everpure stock. The stock was sold at an average price of $75.31, for a total transaction of $2,192,123.48.
• On Tuesday, May 5th, John Colgrove sold 77,579 shares of Everpure stock. The stock was sold at an average price of $75.12, for a total transaction of $5,827,734.48.
• On Friday, April 24th, John Colgrove sold 28,935 shares of Everpure stock. The stock was sold at an average price of $70.01, for a total transaction of $2,025,739.35.
• On Thursday, April 23rd, John Colgrove sold 71,959 shares of Everpure stock. The stock was sold at an average price of $70.06, for a total transaction of $5,041,447.54.
• On Wednesday, April 22nd, John Colgrove sold 82,266 shares of Everpure stock. The stock was sold at an average price of $70.50, for a total transaction of $5,799,753.00.
• On Tuesday, April 21st, John Colgrove sold 16,840 shares of Everpure stock. The stock was sold at an average price of $70.06, for a total transaction of $1,179,810.40.

Everpure Trading Up 1.9%

Shares of P traded up $1.42 during mid-day trading on Thursday, reaching $75.85. 3,170,207 shares of the company's stock traded hands, compared to its average volume of 3,207,017. The stock has a market cap of $25.07 billion, a PE ratio of 137.91, a price-to-earnings-growth ratio of 5.57 and a beta of 1.44. Everpure, Inc. has a 12 month low of $47.64 and a 12 month high of $100.59.

Everpure (NYSE:P - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.04. The company had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.03 billion. Everpure had a return on equity of 14.36% and a net margin of 5.14%.The business's revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. As a group, analysts forecast that Everpure, Inc. will post 0.72 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Bigelow Investment Advisors LLC acquired a new position in shares of Everpure during the first quarter valued at approximately $231,000. Janney Montgomery Scott LLC increased its stake in shares of Everpure by 46.0% during the first quarter. Janney Montgomery Scott LLC now owns 28,138 shares of the company's stock valued at $1,661,000 after acquiring an additional 8,861 shares during the period. Pictet Asset Management Holding SA increased its stake in shares of Everpure by 22.9% during the first quarter. Pictet Asset Management Holding SA now owns 157,702 shares of the company's stock valued at $9,302,000 after acquiring an additional 29,386 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of Everpure during the first quarter valued at approximately $5,367,000. Finally, Fiduciary Alliance LLC increased its stake in shares of Everpure by 23.9% during the first quarter. Fiduciary Alliance LLC now owns 13,875 shares of the company's stock valued at $900,000 after acquiring an additional 2,675 shares during the period. Institutional investors and hedge funds own 83.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on P shares. Weiss Ratings started coverage on Everpure in a report on Monday, April 20th. They set a "hold (c)" rating on the stock. Barclays lifted their price target on Everpure from $77.00 to $81.00 and gave the company an "equal weight" rating in a report on Thursday, February 26th. Citigroup cut their price target on Everpure from $105.00 to $90.00 and set a "buy" rating on the stock in a report on Tuesday, February 17th. Wedbush reaffirmed an "outperform" rating and set a $100.00 price target on shares of Everpure in a report on Monday, February 23rd. Finally, Wells Fargo & Company lowered their price objective on shares of Everpure from $100.00 to $90.00 and set an "overweight" rating on the stock in a research note on Thursday, February 26th. Thirteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Everpure has a consensus rating of "Moderate Buy" and an average target price of $93.21.

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.

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