Everpure (NYSE:P) Insider John Colgrove Sells 71,959 Shares of Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 71,959 shares of Everpure stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $70.06, for a total transaction of $5,041,447.54. Following the completion of the transaction, the insider directly owned 28,935 shares in the company, valued at $2,027,186.10. This represents a 71.32% decrease in their position. The sale was disclosed in a legal 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 Wednesday, April 22nd, John Colgrove sold 82,266 shares of Everpure stock. The stock was sold at an average price of $70.50, for a total transaction of $5,799,753.00.
• On Tuesday, April 21st, John Colgrove sold 16,840 shares of Everpure stock. The stock was sold at an average price of $70.06, for a total transaction of $1,179,810.40.

Everpure Stock Up 0.9%

Shares of P opened at $69.99 on Friday. Everpure, Inc. has a one year low of $43.08 and a one year high of $100.59. The stock has a market capitalization of $23.13 billion, a price-to-earnings ratio of 127.26, a PEG ratio of 5.18 and a beta of 1.34.

Everpure (NYSE:P) last announced its earnings results on Wednesday, February 25th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.65 by $0.04. Everpure had a net margin of 5.14% and a return on equity of 14.36%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the company posted $0.45 earnings per share. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, analysts anticipate that Everpure, Inc. will post 0.72 earnings per share for the current fiscal year.

Trending Headlines about Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Recent fundamental beat and growth: Everpure reported a quarterly revenue and EPS beat in late February, with revenue up ~20% year-over-year and improving margins — a supporting cue for investors focused on growth/recent results.
• Positive Sentiment: Technical/market sentiment upgrade: IBD raised Everpure’s rating for improved price strength, which can attract momentum and growth-oriented investors. IBD Rating Upgrade
• Positive Sentiment: Customer/market traction: BlackBox Hosting highlighted bets on Everpure tied to growing UK sovereign cloud demand — a sign of commercial traction in a strategic market that could support revenue growth. BlackBox Hosting / Diginomica
• Neutral Sentiment: Bullish media coverage: Multiple bullish write-ups and idea pieces (Yahoo Finance / InsiderMonkey summarizing a Substack thesis) are increasing retail and institutional attention but do not by themselves change fundamentals. Yahoo Finance write-up InsiderMonkey summary
• Neutral Sentiment: Analyst / screen mentions: Everpure appears on lists of high-growth and cash-heavy stocks, which can broaden the investor base but offer mixed signals on valuation and risk. Yahoo — Cash-Heavy Stocks
• Negative Sentiment: Large insider selling over April 21–23: Director/officer John Colgrove sold substantial blocks across three days (totaling ~171k shares) under a pre‑arranged Rule 10b5‑1 plan, materially reducing his stake. While 10b5‑1 plans temper governance concerns, the volume is large and can weigh on near‑term supply/demand. SEC filing: SEC Form 4
• Negative Sentiment: Input-cost / supply pressure: Reporting indicates an AI-driven supply crunch has pushed supplier prices sharply higher, which Everpure says has “taken a hit” on operations — a potential near-term margin headwind if the company can’t pass costs to customers. The Register — Supply Crunch

Wall Street Analyst Weigh In

P has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Everpure from $105.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. UBS Group raised their target price on shares of Everpure from $60.00 to $63.00 and gave the stock a “sell” rating in a report on Thursday, February 26th. Wall Street Zen upgraded shares of Everpure from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Wedbush reiterated an “outperform” rating and issued a $100.00 target price on shares of Everpure in a report on Monday, February 23rd. Finally, Citigroup decreased their target price on shares of Everpure from $105.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Thirteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.21.

Institutional Trading of Everpure

Several institutional investors have recently made changes to their positions in the stock. Westfield Capital Management Co. LP lifted its stake in Everpure by 69.4% in the third quarter. Westfield Capital Management Co. LP now owns 1,751,558 shares of the company’s stock valued at $146,798,000 after acquiring an additional 717,834 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Everpure by 96.3% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 31,166 shares of the company’s stock valued at $2,612,000 after acquiring an additional 15,286 shares during the last quarter. AlTi Global Inc. acquired a new stake in Everpure in the third quarter valued at approximately $2,517,000. Merit Financial Group LLC lifted its stake in Everpure by 145.6% in the third quarter. Merit Financial Group LLC now owns 25,943 shares of the company’s stock valued at $2,174,000 after acquiring an additional 15,382 shares during the last quarter. Finally, ARK Investment Management LLC lifted its stake in Everpure by 12.6% in the third quarter. ARK Investment Management LLC now owns 347,093 shares of the company’s stock valued at $29,090,000 after acquiring an additional 38,768 shares during the last quarter. 83.42% of the stock is currently owned by institutional investors and hedge funds.

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.