Everpure (NYSE:P) Given Buy Rating at Guggenheim

Everpure (NYSE:P)‘s stock had its “buy” rating reissued by Guggenheim in a report released on Thursday, September 24th, Benzinga reports. They presently have a $150.00 price objective on the stock. Guggenheim’s price objective suggests a potential upside of 14.16% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company upped their price objective on shares of Everpure from $135.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, September 24th. Northland Securities upped their price objective on shares of Everpure from $90.00 to $128.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. Raymond James Financial restated an “outperform” rating and issued a $122.00 price objective on shares of Everpure in a report on Thursday, August 27th. Lake Street Capital restated a “buy” rating and issued a $120.00 price objective on shares of Everpure in a report on Thursday, August 27th. Finally, Evercore restated an “outperform” rating and issued a $130.00 price objective on shares of Everpure in a report on Monday, August 24th. Seventeen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $138.25.

Everpure Stock Up 1.0%

NYSE:P opened at $131.40 on Thursday. The firm has a market cap of $43.78 billion, a price-to-earnings ratio of 179.99, a price-to-earnings-growth ratio of 4.34 and a beta of 1.43. The company has a 50-day moving average price of $100.06. Everpure has a 1-year low of $56.78 and a 1-year high of $133.32.

Everpure (NYSE:P) last posted its earnings results 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. The company had revenue of $1.19 billion for the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The company’s revenue for the quarter was up 37.7% on a year-over-year basis. Sell-side analysts anticipate that Everpure will post 0.95 EPS for the current year.

Insider Buying and Selling

In other Everpure news, insider John Colgrove sold 100,000 shares of the stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $115.96, for a total transaction of $11,596,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ajay Singh sold 42,930 shares of the stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $124.17, for a total transaction of $5,330,618.10. Following the sale, the insider owned 288,362 shares in the company, valued at approximately $35,805,909.54. This trade represents a 12.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,050,980 shares of company stock worth $106,921,774. 5.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Everpure

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Everpure in the 4th quarter valued at approximately $265,327,000. Turiya Advisors Asia Ltd purchased a new position in shares of Everpure in the 4th quarter valued at $67,010,000. JANA Partners Management LP purchased a new position in shares of Everpure in the 2nd quarter valued at $77,939,000. Franklin Resources Inc. grew its position in shares of Everpure by 28.5% in the 4th quarter. Franklin Resources Inc. now owns 3,007,431 shares of the company’s stock valued at $201,528,000 after buying an additional 666,941 shares during the last quarter. Finally, National Pension Service grew its position in shares of Everpure by 782.9% in the 4th quarter. National Pension Service now owns 665,667 shares of the company’s stock valued at $44,606,000 after buying an additional 590,274 shares during the last quarter. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Everpure News Roundup

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure unveiled data-management upgrades designed to move enterprise AI from experimentation into production. The rollout includes autonomous AI-agent access to live data, native MCP integration, faster inference through FlashBlade acceleration, intelligent compression and enhanced privacy controls. These capabilities could help the company capture additional AI infrastructure spending. Everpure Unveils AI Data Platform Upgrades With Faster Inference And Privacy Controls
• Positive Sentiment: The company is positioning its “Data Primacy” strategy as a way for enterprises to control AI costs, security and data access at the source. Demand may be strengthened by concerns over data sovereignty: Everpure’s research found that 88% of executives fear sovereignty failures could threaten their jobs, while 64% of organizations lack a formal strategy. 88% of Executives Fear Data Sovereignty Failures Could Cost Them Their Jobs
• Positive Sentiment: Investor momentum has been unusually strong, with reports citing a more than 40% September gain, an approximately 90% year-to-date advance and potential support from S&P 500 inclusion. Hyperscaler wins, a larger contracted backlog and raised revenue targets are additional catalysts cited by market coverage. Everpure Stock Is September’s Surprise S&P 500 Winner
• Neutral Sentiment: Everpure’s latest initiatives focus on enterprise customers and partners, potentially improving commercialization, but the articles describe strategic positioning and product capability rather than new financial guidance or signed revenue commitments. How Everpure Enables Its Partners
• Negative Sentiment: After a fourfold five-year increase, Everpure trades near its 52-week high at a very demanding valuation, including a P/E ratio near 180 and PEG ratio above 4. Growth expectations appear substantial, leaving the stock vulnerable to profit-taking or weaker-than-expected execution. Everpure Stock Looks Below Fair Value Despite Its 4x Run

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.