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

Everpure, Inc. (NYSE:P) insider John Colgrove sold 100,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $104.39, for a total value of $10,439,000.00. Following the completion of the sale, the insider owned 6,274,080 shares in the company, valued at $654,951,211.20. This represents a 1.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 transaction 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.
• 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 shares were sold at an average price of $85.32, for a total transaction of $877,089.60.

Everpure Price Performance

Everpure stock opened at $117.29 on Friday. The firm has a 50 day simple moving average of $77.71. Everpure, Inc. has a 1-year low of $54.37 and a 1-year high of $118.81. The stock has a market cap of $38.99 billion, a price-to-earnings ratio of 177.71, a price-to-earnings-growth ratio of 6.25 and a beta of 1.45.

Everpure (NYSE:P) last posted its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $997.88 million. During the same quarter in the prior year, the business posted $0.29 earnings per share. The business’s quarterly revenue was up 35.2% on a year-over-year basis. Equities research analysts anticipate that Everpure, Inc. will post 0.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Everpure

A number of institutional investors have recently added to or reduced their stakes in P. Sunbelt Securities Inc. boosted its position in shares of 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 acquiring an additional 244 shares during the last quarter. Banque Transatlantique SA bought a new position in shares of Everpure in the third quarter worth approximately $29,000. Salomon & Ludwin LLC raised its stake 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 purchasing an additional 199 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in Everpure by 2,884.6% in the fourth quarter. Cornerstone Planning Group LLC now owns 388 shares of the company’s stock valued at $29,000 after purchasing an additional 375 shares in the last quarter. Finally, Greenline Wealth Management LLC purchased a new stake in Everpure in the fourth quarter valued at approximately $32,000. 83.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on P shares. Zacks Research downgraded Everpure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Wall Street Zen lowered shares of Everpure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. UBS Group boosted their price objective on shares of Everpure from $63.00 to $70.00 and gave the company a “sell” rating in a research note on Thursday, May 28th. Morgan Stanley raised shares of Everpure from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $87.00 to $108.00 in a report on Monday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of Everpure in a research note on Thursday, May 28th. Sixteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $101.45.

More Everpure News

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Second hyperscaler design win: Everpure announced a multi-year supply agreement and design win with a second top-five hyperscaler. The customer plans to use Everpure’s DirectFlash architecture across multiple storage tiers in large-scale cloud data centers. Revenue is expected to contribute materially beginning in fiscal 2028, while the deal reinforces the company’s positioning in AI and other data-intensive workloads. Everpure lands second hyperscaler design win for DirectFlash
• Positive Sentiment: Analyst upgrade: Susquehanna raised Everpure to “Positive” from “Neutral” and increased its price target to $120 from $85. The firm cited rising demand for high-capacity flash storage from cloud and AI customers, particularly 75-terabyte-plus QLC-based DirectFlash Modules. Why Are Everpure Shares Soaring Today
• Positive Sentiment: Options activity signals bullish positioning: Traders purchased 11,402 call options, about 59% above typical call volume, indicating increased speculative interest in further gains.
• Neutral Sentiment: Strong fundamentals, elevated expectations: Everpure’s latest quarterly results exceeded estimates, with earnings per share of $0.47 versus consensus of $0.40 and revenue of $1.05 billion versus $997.9 million expected. Revenue grew 35.2% year over year, but the stock’s elevated valuation makes it sensitive to execution and the timing of hyperscaler revenue.
• Negative Sentiment: Insider selling: Insider John Colgrove recently sold 100,000 shares for approximately $10.4 million, following reported sales of 200,000 and 35,185 shares. The transactions were made under a pre-arranged Rule 10b5-1 plan, and Colgrove still owns more than 6.2 million shares, limiting—but not eliminating—the negative signal. SEC insider transaction filing

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.