John Colgrove Sells 35,185 Shares of Everpure (NYSE:P) Stock

Key Points

• Insider selling: John Colgrove sold 35,185 Everpure shares for approximately $3.17 million under a pre-arranged Rule 10b5-1 plan, reducing his position by 0.54% to 6.47 million shares. He has also reported several other sizable sales recently.
• Strong stock momentum: Everpure shares rose 11.7% to $109.45, near their 52-week high, but trade at an elevated price-to-earnings ratio of 165.84.
• Positive fundamentals and analyst sentiment: Quarterly revenue grew 35.2% year over year to $1.05 billion and earnings beat estimates, while analysts maintain a “Moderate Buy” consensus with a $99.70 average price target. A new design win and supply agreement with a second top-five hyperscaler could support future growth.

Everpure, Inc. (NYSE:P - Get Free Report) insider John Colgrove sold 35,185 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $90.01, for a total value of $3,167,001.85. Following the completion of the sale, the insider owned 6,474,080 shares of the company's stock, valued at $582,731,940.80. This represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 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 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 value 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 value 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 value 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 value 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 Up 11.7%

Everpure stock traded up $11.47 on Tuesday, hitting $109.45. The company's stock had a trading volume of 5,492,584 shares, compared to its average volume of 3,286,337. Everpure, Inc. has a one year low of $54.37 and a one year high of $109.59. The stock has a market capitalization of $36.38 billion, a price-to-earnings ratio of 165.84, a P/E/G ratio of 5.10 and a beta of 1.45. The firm has a fifty day simple moving average of $75.80.

Everpure (NYSE:P - Get Free Report) last released its quarterly earnings data 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 company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $997.88 million. During the same period last year, the firm earned $0.29 EPS. The firm's revenue for the quarter was up 35.2% compared to the same quarter last year. On average, analysts predict that Everpure, Inc. will post 0.92 EPS for the current fiscal year.

Institutional Trading of Everpure

Hedge funds and other institutional investors have recently made changes to their positions in the business. One Capital Management LLC raised its holdings in shares of Everpure by 1.0% in the third quarter. One Capital Management LLC now owns 14,750 shares of the company's stock valued at $1,236,000 after buying an additional 141 shares during the last quarter. Rothschild Investment LLC increased its position in Everpure by 18.1% in the 4th quarter. Rothschild Investment LLC now owns 993 shares of the company's stock valued at $67,000 after acquiring an additional 152 shares in the last quarter. GraniteShares Advisors LLC increased its position in Everpure by 2.3% in the 4th quarter. GraniteShares Advisors LLC now owns 6,918 shares of the company's stock valued at $464,000 after acquiring an additional 157 shares in the last quarter. Transamerica Financial Advisors LLC increased its position in Everpure by 50.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 508 shares of the company's stock valued at $34,000 after acquiring an additional 170 shares in the last quarter. Finally, National Bank of Canada FI raised its stake in shares of Everpure by 8.6% in the third quarter. National Bank of Canada FI now owns 2,334 shares of the company's stock worth $196,000 after acquiring an additional 184 shares during the last quarter. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on P. Barclays raised their price target on shares of Everpure from $81.00 to $84.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 28th. Needham & Company LLC reissued a "buy" rating and issued a $100.00 target price on shares of Everpure in a report on Thursday, May 28th. Susquehanna upgraded Everpure from a "neutral" rating to a "positive" rating and raised their target price for the stock from $85.00 to $120.00 in a research report on Monday. Guggenheim boosted their price target on Everpure from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, May 28th. Finally, Wells Fargo & Company upped their price target on Everpure from $90.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, May 28th. Sixteen 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $99.70.

Key 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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