Everpure (NYSE:P) Insider John Colgrove Sells 35,185 Shares

Everpure, Inc. (NYSE:P) insider John Colgrove sold 35,185 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $90.01, for a total transaction of $3,167,001.85. Following the completion of the transaction, the insider directly owned 6,474,080 shares in the company, valued at approximately $582,731,940.80. This represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 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 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 stock was sold at an average price of $85.32, for a total value of $877,089.60.

Everpure Stock Performance

Shares of P stock opened at $109.45 on Wednesday. The firm has a fifty day simple moving average of $76.33. The firm has a market cap of $36.38 billion, a P/E ratio of 165.84, a PEG ratio of 5.54 and a beta of 1.45. Everpure, Inc. has a fifty-two week low of $54.37 and a fifty-two week high of $109.59.

Everpure (NYSE:P) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $997.88 million. Everpure had a return on equity of 15.97% and a net margin of 5.75%.Everpure’s revenue was up 35.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 EPS. Analysts expect that Everpure, Inc. will post 0.92 EPS for the current fiscal year.

Analysts Set New Price Targets

P has been the topic of a number of research analyst reports. DA Davidson set a $100.00 price target on shares of Everpure in a research note on Wednesday, July 1st. UBS Group increased 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. Northland Securities set a $90.00 price objective on shares of Everpure in a research note on Thursday, May 28th. Wall Street Zen lowered shares of Everpure from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, TD Cowen reiterated a “buy” rating on shares of Everpure in a report on Wednesday, July 1st. Sixteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $99.70.

Key Stories Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Second top-five hyperscaler design win: Everpure announced a design win and multi-year supply agreement with a second top-five hyperscaler. The customer plans to use Everpure’s DirectFlash architecture across multiple storage-performance tiers in large-scale cloud data centers. Management expects the agreement to materially support revenue beginning in fiscal 2028, while the deal also validates the company’s technology for AI and other data-intensive workloads. Everpure Lands New Design Win with Second Top-Five Hyperscaler
• Positive Sentiment: Analyst upgrade and higher price target: Susquehanna upgraded Everpure from “Neutral” to “Positive” and raised its price target to $120 from $85, citing additional upside. The upgrade adds to the positive momentum surrounding the hyperscaler contract. Everpure pops up 10%; Susquehanna upgrades to Positive rating
• Positive Sentiment: Favorable infrastructure spending backdrop: Morgan Stanley said rising memory prices, or “chipflation,” could accelerate enterprise and AI infrastructure spending rather than delay it. That environment may benefit storage and data-management vendors such as Everpure. Morgan Stanley sees more upside in these stocks as chipflation worsens
• Neutral Sentiment: Valuation remains a concern: Everpure trades at a high earnings multiple, making the shares sensitive to execution, customer adoption and the timing of expected hyperscaler revenue. Investors are weighing the strong growth opportunity against substantial expectations already reflected in the stock.
• Negative Sentiment: Insider selling: Director John Colgrove sold a combined 235,185 shares for approximately $22.6 million. Both transactions were executed under a pre-arranged Rule 10b5-1 trading plan, reducing the bearish signal, and he still owns more than 6.4 million shares. SEC insider transaction filing

Hedge Funds Weigh In On Everpure

A number of hedge funds have recently made changes to their positions in the stock. PFA Pension Forsikringsaktieselskab bought a new stake in Everpure in the fourth quarter worth approximately $10,948,000. National Pension Service boosted its holdings in shares of Everpure by 782.9% during the 4th quarter. National Pension Service now owns 665,667 shares of the company’s stock worth $44,606,000 after buying an additional 590,274 shares in the last quarter. ClearAlpha Technologies LP acquired a new stake in shares of Everpure during the 4th quarter worth approximately $971,000. Geode Capital Management LLC increased its stake in shares of 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. Finally, Danske Bank A S increased its stake in shares of Everpure by 5.4% in the 4th quarter. Danske Bank A S now owns 315,082 shares of the company’s stock valued at $21,114,000 after acquiring an additional 16,271 shares in the last quarter. 83.42% of the stock is currently owned by institutional investors.

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.