Everpure (NYSE:P) Insider John Colgrove Sells 100,000 Shares of Company Stock

Key Points

• Insider John Colgrove sold 100,000 Everpure shares at an average price of $153.73, generating $15.37 million. The Rule 10b5-1 transaction reduced his direct ownership by 3.98% to 2.415 million shares.
• Colgrove has made several additional sales since August, including three 100,000-share transactions in September, indicating substantial ongoing insider selling.
• Everpure reported strong operating growth, with quarterly revenue up 37.7% to $1.19 billion and EPS of $0.70 versus a $0.19 estimate. However, shares trade at roughly 193 times earnings, while the average analyst price target of $143.25 is below the reported market price of $141.26 and recent highs.

Everpure, Inc. (NYSE:P - Get Free Report) insider John Colgrove sold 100,000 shares of the firm's stock in a transaction on Monday, October 12th. The shares were sold at an average price of $153.73, for a total value of $15,373,000.00. Following the sale, the insider directly owned 2,415,000 shares of the company's stock, valued at $371,257,950. This represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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, September 24th, John Colgrove sold 100,000 shares of Everpure stock. The stock was sold at an average price of $115.96, for a total value of $11,596,000.00.
• On Monday, September 21st, John Colgrove sold 100,000 shares of Everpure stock. The stock was sold at an average price of $110.35, for a total value of $11,035,000.00.
• On Thursday, September 10th, John Colgrove sold 100,000 shares of Everpure stock. The stock was sold at an average price of $94.95, for a total value of $9,495,000.00.
• On Friday, August 14th, John Colgrove sold 64,815 shares of Everpure stock. The stock was sold at an average price of $117.44, for a total value of $7,611,873.60.
• On Thursday, August 13th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $117.21, for a total value of $11,721,000.00.
• 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 value of $10,439,000.00.
• On Monday, August 10th, John Colgrove sold 200,000 shares of Everpure stock. The shares were 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 stock was sold at an average price of $85.66, for a total transaction of $7,685,415.20.

Everpure Stock Performance

NYSE:P traded down $15.71 during mid-day trading on Wednesday, reaching $141.26. 5,602,249 shares of the company were exchanged, compared to its average volume of 3,813,970. Everpure, Inc. has a 12 month low of $56.78 and a 12 month high of $157.57. The firm's fifty day moving average is $113.14. The stock has a market capitalization of $47.07 billion, a PE ratio of 193.50, a PEG ratio of 5.18 and a beta of 1.39.

Everpure (NYSE:P - Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.51. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The firm had revenue of $1.19 billion during the quarter. The business's revenue was up 37.7% on a year-over-year basis. On average, equities research analysts predict that Everpure, Inc. will post 0.95 EPS for the current fiscal year.

Key Stories Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure’s operating momentum remains strong. Its latest quarterly revenue rose 37.7% year over year to $1.19 billion, while earnings per share of $0.70 substantially exceeded the $0.19 consensus estimate. Analysts expect approximately $0.95 in full-year EPS, and one analysis suggests profits could nearly double if growth continues. Everpure Could Almost Double Its Profit, But Valuation Remains High
• Neutral Sentiment: Analyst sentiment remains broadly favorable, with a “Moderate Buy” consensus and an average price target of $143.25. However, the stock’s recent strength has brought its market value well above several published targets, limiting near-term upside based on those estimates. Everpure analyst ratings and stock information
• Negative Sentiment: Valuation is the clearest stock-specific risk. Everpure trades at roughly 190 times earnings, with a PEG ratio above 5, leaving shares vulnerable to profit-taking when bond yields rise or investors reassess high-growth technology stocks. A value comparison with Vontier also highlights the challenge for investors seeking a more attractively priced technology-services stock. VNT vs. P: Which Stock Is the Better Value Option?
• Negative Sentiment: Insider transactions added to investor caution. Director Andrew Brown sold 4,268 shares for about $666,000, reducing his holdings by 15.42%, while Chief Accounting Officer Mona Chu sold 5,112 shares for approximately $774,000. Planned sales do not necessarily indicate weakening fundamentals, but they can weigh on sentiment after a sharp rally. Everpure insider selling

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in P. Artemis Investment Management LLP grew its stake in shares of Everpure by 100.1% during the third quarter. Artemis Investment Management LLP now owns 775,776 shares of the company's stock worth $101,456,000 after purchasing an additional 388,066 shares during the period. JANA Partners Management LP acquired a new position in Everpure in the second quarter valued at about $77,939,000. Engineers Gate Manager LP lifted its stake in Everpure by 158.1% in the fourth quarter. Engineers Gate Manager LP now owns 415,037 shares of the company's stock valued at $27,812,000 after buying an additional 254,211 shares during the period. Raiffeisen Bank International AG acquired a new position in Everpure in the second quarter valued at about $25,525,000. Finally, S&CO Inc. bought a new position in Everpure during the second quarter worth about $15,003,000. Institutional investors and hedge funds own 83.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on P. Northland Securities set a $167.00 price objective on shares of Everpure in a research report on Thursday, September 24th. Cantor Fitzgerald reiterated a "neutral" rating on shares of Everpure in a research report on Monday. Needham & Company LLC lifted their target price on Everpure from $150.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, October 8th. Weiss Ratings upgraded Everpure from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, September 29th. Finally, Wedbush reaffirmed an "outperform" rating and set a $130.00 price target on shares of Everpure in a research note on Thursday, September 24th. Seventeen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $143.25.

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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