Everpure (NYSE:P) Insider Sells 200,000 Shares of Stock

Key Points

• Insider John Colgrove sold 200,000 Everpure shares at an average price of $96.98, generating $19.4 million. The transaction was made under a pre-arranged Rule 10b5-1 plan, and he retained 6.47 million shares.
• Everpure shares rose 11.7% to $109.45, near their 52-week high. The company recently reported quarterly EPS of $0.47 versus a $0.40 consensus estimate, while revenue increased 35.2% year over year to $1.05 billion.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $99.70; recent targets range as high as $115. Institutional investors own 83.42% of the stock.

Everpure, Inc. (NYSE:P - Get Free Report) insider John Colgrove sold 200,000 shares of the business's stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $96.98, for a total value of $19,396,000.00. Following the completion of the transaction, the insider directly owned 6,474,080 shares in the company, valued at approximately $627,856,278.40. The trade was a 3.00% decrease in their position. The transaction was disclosed in a document filed 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 7th, John Colgrove sold 35,185 shares of Everpure stock. The stock was sold at an average price of $90.01, for a total value 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 stock was 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 shares were sold at an average price of $85.32, for a total transaction of $877,089.60.

Everpure Stock Up 11.7%

NYSE:P traded up $11.47 during mid-day trading on Tuesday, reaching $109.45. The stock had a trading volume of 5,492,584 shares, compared to its average volume of 3,286,337. Everpure, Inc. has a twelve month low of $54.37 and a twelve month high of $109.59. The firm's 50 day moving average price is $75.80. The stock has a market cap of $36.38 billion, a price-to-earnings ratio of 165.84, a price-to-earnings-growth ratio of 5.10 and a beta of 1.45.

Everpure (NYSE:P - Get Free Report) last issued its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.07. Everpure had a return on equity of 15.97% and a net margin of 5.75%.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 prior year, the business posted $0.29 EPS. The company's revenue for the quarter was up 35.2% on a year-over-year basis. On average, equities research analysts forecast that Everpure, Inc. will post 0.92 earnings per share for the current year.

Institutional Trading of Everpure

Large investors have recently modified their holdings of the business. Salomon & Ludwin LLC raised its position in shares of Everpure by 108.2% during the 4th quarter. Salomon & Ludwin LLC now owns 383 shares of the company's stock worth $27,000 after purchasing an additional 199 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in Everpure by 287.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company's stock valued at $28,000 after buying an additional 244 shares during the last quarter. Cornerstone Planning Group LLC increased its position in 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. Banque Transatlantique SA purchased a new position in Everpure during the third quarter worth $29,000. Finally, Reflection Asset Management acquired a new position in shares of Everpure in the fourth quarter worth $32,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

P has been the topic of a number of recent analyst reports. Morgan Stanley raised shares of Everpure from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $87.00 to $108.00 in a research note on Monday. JPMorgan Chase & Co. raised their price objective on shares of Everpure from $80.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, May 28th. Wedbush boosted their price objective on shares of Everpure from $100.00 to $105.00 and gave the stock an "outperform" rating in a report on Thursday, May 28th. Guggenheim upped their target price on shares of Everpure from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, May 28th. Finally, Lake Street Capital increased their target price on shares of Everpure from $90.00 to $94.00 and gave the company a "buy" rating in a report on Thursday, May 28th. Sixteen 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 currently has a consensus rating of "Moderate Buy" and an average target price of $99.70.

More Everpure News

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure secured a new design win and supply agreement with a second top-five hyperscaler. The agreement expands the company’s presence among major cloud customers and validates its storage technology and software-driven approach for hyperscale workloads. Everpure Lands New Design Win with Second Top-Five Hyperscaler
• Positive Sentiment: The hyperscaler announcement follows a prior design win disclosed in late 2024, suggesting that Everpure may be gaining repeat traction with the largest cloud providers. Although financial terms and timing were not disclosed, the supply agreement could support future revenue growth and strengthen the company’s competitive position. Everpure Secures Second Hyperscaler Design, Supply Agreement; Shares Rise After Hours
• Positive Sentiment: Susquehanna upgraded Everpure from “neutral” to “positive” and raised its price target from $85 to $120. The upgrade adds Wall Street support to the hyperscaler news and helped push the stock to a new one-year high. Susquehanna upgrades Everpure to Positive
• Positive Sentiment: Broader industry commentary is also supportive. Morgan Stanley said rising memory prices, or “chipflation,” could accelerate enterprise infrastructure spending as businesses invest to secure hardware and capacity, benefiting IT hardware and storage companies such as Everpure. Morgan Stanley sees more upside in these stocks
• Neutral Sentiment: Everpure’s strong recent earnings momentum—revenue rose 35.2% year over year and earnings exceeded estimates—provides fundamental support, but the stock’s elevated valuation leaves less room for execution setbacks. The new customer agreement is strategically important, though investors may await details on revenue contribution and launch timing.

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.

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