Insider Selling: Everpure (NYSE:P) Insider Sells $19,396,000.00 in Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 200,000 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $96.98, for a total transaction of $19,396,000.00. Following the completion of the transaction, the insider directly owned 6,474,080 shares of the company’s stock, valued at $627,856,278.40. The trade was a 3.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 Friday, August 7th, John Colgrove sold 35,185 shares of Everpure stock. The shares were 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.
• On Friday, July 10th, John Colgrove sold 100,000 shares of Everpure stock. The stock was 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 stock was 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 shares were sold at an average price of $85.32, for a total transaction of $877,089.60.

Everpure Price Performance

NYSE P traded up $11.47 during mid-day trading on Tuesday, reaching $109.45. 5,492,584 shares of the stock were exchanged, compared to its average volume of 3,286,337. Everpure, Inc. has a 1-year low of $54.37 and a 1-year high of $109.59. The firm’s fifty day simple moving average is $75.80. The firm has a market capitalization of $36.38 billion, a PE ratio of 165.84, a PEG ratio of 5.10 and a beta of 1.45.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on P shares. Northland Securities set a $90.00 target price on Everpure in a research note on Thursday, May 28th. TD Cowen reissued a “buy” rating on shares of Everpure in a research note on Wednesday, July 1st. Zacks Research cut Everpure from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. William Blair reaffirmed an “outperform” rating on shares of Everpure in a research note on Thursday, May 28th. Finally, Wells Fargo & Company increased their price objective on shares of Everpure from $90.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Sixteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Everpure has a consensus rating of “Moderate Buy” and an average price target of $99.70.

Everpure News Roundup

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure secured a new design win and supply agreement with a second top-five hyperscaler. The agreement expands the company’s presence among major cloud customers and validates its storage technology and software-driven approach for hyperscale workloads. Everpure Lands New Design Win with Second Top-Five Hyperscaler
• Positive Sentiment: The hyperscaler announcement follows a prior design win disclosed in late 2024, suggesting that Everpure may be gaining repeat traction with the largest cloud providers. Although financial terms and timing were not disclosed, the supply agreement could support future revenue growth and strengthen the company’s competitive position. Everpure Secures Second Hyperscaler Design, Supply Agreement; Shares Rise After Hours
• Positive Sentiment: Susquehanna upgraded Everpure from “neutral” to “positive” and raised its price target from $85 to $120. The upgrade adds Wall Street support to the hyperscaler news and helped push the stock to a new one-year high. Susquehanna upgrades Everpure to Positive
• Positive Sentiment: Broader industry commentary is also supportive. Morgan Stanley said rising memory prices, or “chipflation,” could accelerate enterprise infrastructure spending as businesses invest to secure hardware and capacity, benefiting IT hardware and storage companies such as Everpure. Morgan Stanley sees more upside in these stocks
• Neutral Sentiment: Everpure’s strong recent earnings momentum—revenue rose 35.2% year over year and earnings exceeded estimates—provides fundamental support, but the stock’s elevated valuation leaves less room for execution setbacks. The new customer agreement is strategically important, though investors may await details on revenue contribution and launch timing.

Institutional Investors Weigh In On Everpure

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Summit Creek Advisors LLC acquired a new position in shares of Everpure in the 2nd quarter valued at about $5,671,000. S&CO Inc. acquired a new stake in Everpure during the 2nd quarter worth approximately $15,003,000. Bigelow Investment Advisors LLC purchased a new position in Everpure in the first quarter valued at approximately $231,000. Janney Montgomery Scott LLC raised its holdings in Everpure by 46.0% in the first quarter. Janney Montgomery Scott LLC now owns 28,138 shares of the company’s stock valued at $1,661,000 after buying an additional 8,861 shares during the period. Finally, Pictet Asset Management Holding SA lifted its position in Everpure by 22.9% during the first quarter. Pictet Asset Management Holding SA now owns 157,702 shares of the company’s stock valued at $9,302,000 after buying an additional 29,386 shares in the last quarter. 83.42% of the stock is currently owned by institutional investors and hedge funds.

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.