Everpure (NYSE:P) Price Target Raised to $185.00

Everpure (NYSE:P) had its price target hoisted by Needham & Company LLC from $150.00 to $185.00 in a research report released on Thursday, Marketbeat reports. Needham & Company LLC currently has a buy rating on the stock.

P has been the topic of a number of other research reports. Raymond James Financial reiterated an “outperform” rating and set a $122.00 target price on shares of Everpure in a research report on Thursday, August 27th. TD Cowen raised their price target on Everpure from $100.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. DA Davidson set a $100.00 price target on Everpure in a research report on Wednesday, July 1st. Zacks Research lowered Everpure from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Evercore reiterated an “outperform” rating and issued a $145.00 price objective on shares of Everpure in a research note on Thursday, September 24th. Seventeen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Everpure currently has a consensus rating of “Moderate Buy” and an average price target of $140.00.

Everpure Stock Performance

Shares of Everpure stock opened at $154.75 on Thursday. The firm has a fifty day moving average of $110.18. The firm has a market cap of $51.57 billion, a PE ratio of 211.99, a price-to-earnings-growth ratio of 5.15 and a beta of 1.39. Everpure has a 12-month low of $56.78 and a 12-month high of $157.05.

Everpure (NYSE:P) last announced its quarterly earnings results on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.19 by $0.51. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The firm had revenue of $1.19 billion for the quarter. The company’s quarterly revenue was up 37.7% on a year-over-year basis. Analysts expect that Everpure will post 0.95 earnings per share for the current year.

Insider Buying and Selling at Everpure

In related news, insider John Colgrove sold 100,000 shares of the business’s stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $115.96, for a total value of $11,596,000.00. The sale was disclosed in a legal filing with the SEC, which is available at 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 company’s stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $124.17, for a total value of $5,330,618.10. Following the sale, the insider directly owned 288,362 shares of the company’s stock, valued at approximately $35,805,909.54. This represents a 12.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 947,444 shares of company stock valued at $99,631,875 over the last ninety days. 5.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Everpure

A number of hedge funds have recently added to or reduced their stakes in the stock. Turiya Advisors Asia Ltd acquired a new position in shares of Everpure in the fourth quarter valued at approximately $67,010,000. JANA Partners Management LP acquired a new stake in shares of Everpure during the second quarter worth $77,939,000. Artemis Investment Management LLP grew its position in Everpure by 100.1% in the 3rd quarter. Artemis Investment Management LLP now owns 775,776 shares of the company’s stock valued at $101,456,000 after buying an additional 388,066 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in Everpure in the 2nd quarter valued at $25,525,000. Finally, Engineers Gate Manager LP purchased a new position in Everpure in the 2nd quarter valued at $25,859,000. 83.42% of the stock is owned by institutional investors and hedge funds.

More Everpure News

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: AI and hyperscale growth remain the primary catalysts. Recent coverage points to expanding enterprise-storage demand, new hyperscale solutions and opportunities beyond traditional storage, including a potentially larger market in India as AI adoption accelerates. Everpure six-month rally and outlook
• Positive Sentiment: Management is emphasizing sustained enterprise momentum. Everpure’s CEO said the company has been gaining enterprise market share for 14 years, while executives are urging partners to pursue broader data-management and software opportunities. These comments reinforce expectations for continued growth beyond core storage hardware. Everpure CEO enterprise market-share comments
• Positive Sentiment: Needham raised its price target from $150 to $185 and maintained a Buy rating. The revision reflects confidence that hyperscale solutions and modern data software can expand Everpure’s long-term total addressable market. Needham price-target increase
• Neutral Sentiment: Valuation is a significant risk. Everpure trades at more than 200 times earnings, and analysts expect continued rapid growth to justify the premium. Its latest reported quarter was strong, with revenue up 37.7% year over year and earnings well above estimates, but expectations are now elevated. Everpure valuation analysis
• Negative Sentiment: Director Mallun Yen sold approximately $1.76 million of stock. The sale reduced her position by 27.59%, although it was conducted under a pre-arranged Rule 10b5-1 trading plan and therefore may be less significant than discretionary selling. Everpure director stock sale filing

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.