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

Everpure, Inc. (NYSE:P – Get Free Report) insider John Colgrove sold 100,000 shares of the stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $145.00, for a total value of $14,500,000.00. Following the completion of the transaction, the insider owned 5,393,309 shares in the company, valued at approximately $782,029,805. This represents a 1.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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, October 12th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $153.73, for a total transaction of $15,373,000.00.
  • On Thursday, September 24th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $115.96, for a total transaction of $11,596,000.00.
  • On Monday, September 21st, John Colgrove sold 100,000 shares of Everpure stock. The stock was sold at an average price of $110.35, for a total transaction of $11,035,000.00.
  • On Thursday, September 10th, John Colgrove sold 100,000 shares of Everpure stock. The stock was sold at an average price of $94.95, for a total transaction of $9,495,000.00.
  • On Friday, August 14th, John Colgrove sold 64,815 shares of Everpure stock. The shares were sold at an average price of $117.44, for a total transaction of $7,611,873.60.
  • On Thursday, August 13th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $117.21, for a total transaction 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 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.

Everpure Price Performance

NYSE P traded down $9.42 during trading hours on Friday, hitting $123.98. The company’s stock had a trading volume of 3,855,414 shares, compared to its average volume of 8,659,878. Everpure, Inc. has a 52 week low of $56.78 and a 52 week high of $157.57. The stock has a market capitalization of $41.32 billion, a P/E ratio of 169.84, a PEG ratio of 4.45 and a beta of 1.39. The company’s 50-day moving average price is $115.88.

Everpure (NYSE:P – Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.51. The firm had revenue of $1.19 billion during the quarter. Everpure had a return on equity of 19.06% and a net margin of 5.94%. Everpure’s quarterly revenue was up 37.7% on a year-over-year basis. On average, research analysts anticipate that Everpure, Inc. will post 0.95 EPS for the current fiscal year.

More Everpure News

Here are the key news stories impacting Everpure this week:

  • Positive Sentiment: Everpure’s latest quarterly results provide fundamental support. Revenue increased 37.7% year over year to $1.19 billion, driven by enterprise-storage demand and subscription growth, while earnings per share of $0.70 substantially exceeded the $0.19 analyst consensus. Everpure Revenues Surge 38% in Q2
  • Positive Sentiment: Everpure was added to the Invesco S&P 500 Equal Weight ETF (RSP), which could generate incremental institutional demand and increase the stock’s visibility. Invesco ETF Adds Everpure
  • Neutral Sentiment: Wall Street remains broadly constructive, with a “Moderate Buy” consensus. However, the average analyst price target of $143.25 is below recent trading levels, indicating that much of the expected growth may already be reflected in the share price.
  • Negative Sentiment: Insider selling is weighing on sentiment. Ajay Singh sold 18,267 shares for approximately $2.8 million, reducing his position by 6.33%, while John Colgrove sold 100,000 shares worth about $15.4 million. Colgrove’s transaction was conducted under a pre-arranged Rule 10b5-1 plan, making it a less direct signal of management’s outlook, although the scale and repetition of recent sales may concern investors. Everpure Insider Selling
  • Negative Sentiment: Valuation risk remains significant. Everpure trades at a very high earnings multiple and has a PEG ratio above 4, leaving the stock vulnerable to profit-taking if growth moderates or future results do not exceed elevated expectations.
  • Negative Sentiment: A hotter-than-expected 3.7% inflation reading, partly linked to higher energy costs, pushed bond yields higher and pressured growth-oriented technology shares. Higher interest rates can reduce the appeal of richly valued companies such as Everpure. Technology Stocks Fall on Inflation Concerns

Analysts Set New Price Targets

P has been the subject of a number of analyst reports. Oppenheimer reissued an “outperform” rating and issued a $140.00 price target on shares of Everpure in a research report on Thursday, August 20th. Wells Fargo & Company lifted 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. Needham & Company LLC lifted their price objective on shares of Everpure from $150.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, October 8th. Guggenheim increased their target price on shares of Everpure from $150.00 to $215.00 and gave the company a “buy” rating in a report on Monday. Finally, Piper Sandler increased their target price on shares of Everpure from $133.00 to $162.00 and gave the company an “overweight” rating in a report on Thursday, September 24th. Eighteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $143.25.

Read Our Latest Report on P

Institutional Trading of Everpure

A number of institutional investors and hedge funds have recently modified their holdings of P. TD Waterhouse Canada Inc. grew its stake in Everpure by 4.7% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 30,158 shares of the company’s stock valued at $4,044,000 after purchasing an additional 1,343 shares during the period. Banque Pictet & Cie SA increased its position in shares of Everpure by 5.0% during the 3rd quarter. Banque Pictet & Cie SA now owns 242,400 shares of the company’s stock valued at $31,701,000 after purchasing an additional 11,559 shares during the last quarter. NFSG Corp raised its stake in shares of Everpure by 19.7% during the 3rd quarter. NFSG Corp now owns 1,594 shares of the company’s stock worth $208,000 after purchasing an additional 262 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Everpure during the 3rd quarter worth $477,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Everpure by 504.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 994,061 shares of the company’s stock worth $130,003,000 after purchasing an additional 829,476 shares during the period. 83.42% of the stock is owned by hedge funds and other institutional investors.

Everpure Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Everpure (NYSE:P)

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