John Colgrove Sells 64,815 Shares of Everpure (NYSE:P) Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 64,815 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $117.44, for a total transaction of $7,611,873.60. Following the transaction, the insider owned 6,074,080 shares in the company, valued at approximately $713,339,955.20. This trade represents a 1.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Colgrove also recently made the following trade(s):

• On Thursday, August 13th, John Colgrove sold 100,000 shares of Everpure stock. The stock was 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 transaction 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 value 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 value 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 value of $7,096,896.00.
• On Wednesday, June 10th, John Colgrove sold 100 shares of Everpure stock. The shares were 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 value of $877,089.60.

Everpure Stock Performance

Shares of NYSE P opened at $117.21 on Wednesday. The company has a 50 day simple moving average of $80.44. Everpure, Inc. has a 52-week low of $54.37 and a 52-week high of $119.10. The firm has a market cap of $38.96 billion, a PE ratio of 177.59, a P/E/G ratio of 6.63 and a beta of 1.45.

Everpure (NYSE:P) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $997.88 million. During the same period in the previous year, the business posted $0.29 EPS. The firm’s quarterly revenue was up 35.2% compared to the same quarter last year. On average, analysts expect that Everpure, Inc. will post 0.93 EPS for the current year.

Institutional Investors Weigh In On Everpure

A number of large investors have recently added to or reduced their stakes in P. State Street Corp lifted its position in Everpure by 0.8% during the 4th quarter. State Street Corp now owns 10,953,501 shares of the company’s stock worth $733,994,000 after buying an additional 88,583 shares in the last quarter. Geode Capital Management LLC raised its holdings in Everpure by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 7,716,158 shares of the company’s stock valued at $515,972,000 after acquiring an additional 207,317 shares in the last quarter. Norges Bank acquired a new position in shares of Everpure during the 4th quarter worth $265,327,000. Atreides Management LP bought a new stake in Everpure during the 2nd quarter worth $204,552,000. Finally, AQR Capital Management LLC raised its position in Everpure by 62.7% during the 4th quarter. AQR Capital Management LLC now owns 3,414,715 shares of the company’s stock worth $228,820,000 after purchasing an additional 1,315,351 shares during the last quarter. Institutional investors own 83.42% of the company’s stock.

Trending Headlines about Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: TD Cowen raised its price target on Everpure from $100 to $170 and reaffirmed a Buy rating, implying approximately 45% potential upside from the referenced $117.21 price. The analyst reportedly sees Oracle as a potential new hyperscale customer and expects further revenue growth from Meta. Everpure Stock Hits Record High – TD Cowen Says Oracle Could Be Its New Hyperscale Customer
• Positive Sentiment: Brokerage sentiment remains supportive, with Everpure receiving an average “Moderate Buy” recommendation. Recent institutional activity also shows continued ownership from major investors, while institutions and hedge funds hold approximately 83.4% of the shares. Everpure Receives Average Recommendation of Moderate Buy
• Neutral Sentiment: The bullish TD Cowen target contrasts with the broader consensus price target of approximately $101.45, which is below the referenced market price. Everpure also trades at a very elevated earnings multiple, making the stock increasingly dependent on strong execution and continued growth.
• Negative Sentiment: Insider John Colgrove sold 64,815 shares for about $7.6 million and 100,000 shares for approximately $11.7 million. The transactions were conducted under a pre-arranged Rule 10b5-1 plan, and Colgrove still owns more than 6 million shares, reducing—but not eliminating—the negative signaling from the sales. Insider Selling at Everpure

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. TD Cowen lifted their price target on shares of Everpure from $100.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everpure in a report on Friday, July 17th. Lake Street Capital lifted their price target on Everpure from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Susquehanna upgraded Everpure from a “neutral” rating to a “positive” rating and boosted their target price for the stock from $85.00 to $120.00 in a report on Monday, August 10th. Finally, Wedbush increased their price objective on Everpure from $100.00 to $105.00 and gave the stock an “outperform” 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 company’s stock. According to data from MarketBeat.com, Everpure has a consensus rating of “Moderate Buy” and an average price target of $104.95.

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.