Proficio Capital Partners LLC Buys New Stake in Everpure, Inc. $P

Proficio Capital Partners LLC purchased a new position in Everpure, Inc. (NYSE:P) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,863 shares of the company’s stock, valued at approximately $1,013,000.

Other hedge funds also recently bought and sold shares of the company. One Capital Management LLC lifted its position in Everpure by 1.0% during the third quarter. One Capital Management LLC now owns 14,750 shares of the company’s stock valued at $1,236,000 after purchasing an additional 141 shares during the last quarter. Rothschild Investment LLC grew its stake in shares of Everpure by 18.1% in the 4th quarter. Rothschild Investment LLC now owns 993 shares of the company’s stock worth $67,000 after buying an additional 152 shares in the last quarter. Transamerica Financial Advisors LLC increased its holdings in shares of Everpure by 50.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 508 shares of the company’s stock worth $34,000 after buying an additional 170 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of Everpure by 8.6% in the 3rd quarter. National Bank of Canada FI now owns 2,334 shares of the company’s stock worth $196,000 after buying an additional 184 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Everpure by 8.5% during the 4th quarter. Larson Financial Group LLC now owns 2,420 shares of the company’s stock valued at $162,000 after buying an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Insider Buying and Selling at Everpure

In other Everpure news, Director Susan J.S. Taylor sold 8,543 shares of the stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $81.74, for a total value of $698,304.82. Following the sale, the director owned 94,608 shares in the company, valued at $7,733,257.92. This trade represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ajay Singh sold 9,787 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $78.12, for a total value of $764,560.44. Following the completion of the sale, the insider owned 340,939 shares in the company, valued at approximately $26,634,154.68. The trade was a 2.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 817,520 shares of company stock valued at $77,276,792 in the last quarter. 5.10% of the stock is owned by insiders.

Key Everpure News

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure’s remaining performance obligations grew 44%, while management raised its fiscal 2027 revenue outlook. The company also has approximately $1 billion in liquidity, supporting confidence in its ability to fund expansion despite ongoing cash consumption. Here’s Why Investors Must Hold Everpure Stock in Their Portfolios Now
• Positive Sentiment: Everpure’s technology is being viewed as effective at reducing bottlenecks in artificial-intelligence infrastructure, a potentially important competitive advantage as demand for AI-related capacity expands. Everpure excels at eliminating AI bottlenecks
• Positive Sentiment: Northland Securities maintained an “Outperform” rating and a $128 price target, above the stock’s recent trading level. The firm raised its fiscal 2027 EPS forecast to $1.05 from $0.93 and its fiscal 2028 forecast to $1.84 from $1.48, reflecting stronger expected profitability. It also increased estimates for several future quarters, including Q3 2027 and Q2-Q4 2028. Northland Securities Everpure analyst estimates
• Positive Sentiment: Recent earnings commentary highlighted 38% revenue growth, subscription annual recurring revenue of $2.1 billion and accelerating large deals, reinforcing the company’s growth narrative. Everpure Q2 2027 Earnings Call Transcript
• Neutral Sentiment: Northland made minor reductions to its Q1 2028 and Q4 2027 EPS estimates, but these were outweighed by the firm’s broader upward revisions and unchanged bullish rating.
• Negative Sentiment: Everpure remains dependent on future growth to justify its elevated valuation, while negative cash flow is a continuing risk. Execution against large contracts and the higher revenue outlook will be important for sustaining investor enthusiasm.

Wall Street Analyst Weigh In

P has been the subject of a number of analyst reports. Guggenheim reaffirmed a “buy” rating and issued a $150.00 price target on shares of Everpure in a report on Thursday, August 27th. Evercore reissued an “outperform” rating and set a $130.00 price objective on shares of Everpure in a research note on Monday, August 24th. Citigroup upped their price objective on Everpure from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Morgan Stanley raised their price objective on Everpure from $108.00 to $119.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. Finally, UBS Group lifted their target price on Everpure from $70.00 to $80.00 and gave the stock a “sell” rating in a report on Thursday, August 27th. Seventeen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $129.10.

Everpure Stock Up 1.2%

Shares of NYSE:P opened at $94.04 on Wednesday. The stock has a market capitalization of $31.26 billion, a price-to-earnings ratio of 128.82, a PEG ratio of 3.74 and a beta of 1.43. The company’s 50 day simple moving average is $86.34. Everpure, Inc. has a 1 year low of $56.78 and a 1 year high of $119.10.

Everpure (NYSE:P) last issued its quarterly earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.51. Everpure had a return on equity of 19.06% and a net margin of 5.94%.The firm had revenue of $1.19 billion for the quarter. The company’s revenue for the quarter was up 37.7% compared to the same quarter last year. Analysts expect that Everpure, Inc. will post 0.96 earnings per share for the current fiscal year.

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.