Everpure (NYSE:P) Insider John Colgrove Sells 16,840 Shares of Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 16,840 shares of the firm’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $70.06, for a total value of $1,179,810.40. Following the sale, the insider directly owned 94,391 shares in the company, valued at $6,613,033.46. The trade was a 15.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Colgrove also recently made the following trade(s):

• On Thursday, April 23rd, John Colgrove sold 71,959 shares of Everpure stock. The shares were sold at an average price of $70.06, for a total value of $5,041,447.54.
• On Wednesday, April 22nd, John Colgrove sold 82,266 shares of Everpure stock. The shares were sold at an average price of $70.50, for a total value of $5,799,753.00.

Everpure Stock Performance

P opened at $69.99 on Friday. Everpure, Inc. has a 1 year low of $43.08 and a 1 year high of $100.59. The stock has a market capitalization of $23.13 billion, a price-to-earnings ratio of 127.26, a PEG ratio of 5.18 and a beta of 1.34.

Everpure (NYSE:P) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.04. Everpure had a return on equity of 14.36% and a net margin of 5.14%.The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the business posted $0.45 EPS. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, analysts expect that Everpure, Inc. will post 0.72 EPS for the current fiscal year.

Hedge Funds Weigh In On Everpure

A number of hedge funds and other institutional investors have recently bought and sold shares of P. Winnow Wealth LLC bought a new position in Everpure during the third quarter worth about $26,000. Provenance Wealth Advisors LLC bought a new position in Everpure during the third quarter worth about $27,000. Salomon & Ludwin LLC grew its holdings in Everpure by 108.2% during the fourth quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock worth $27,000 after purchasing an additional 199 shares during the period. Foster Dykema Cabot & Partners LLC bought a new position in Everpure during the third quarter worth about $28,000. Finally, Sunbelt Securities Inc. grew its holdings in Everpure by 287.1% during the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after purchasing an additional 244 shares during the period. Institutional investors own 83.42% of the company’s stock.

Key Stories Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Recent fundamental beat and growth: Everpure reported a quarterly revenue and EPS beat in late February, with revenue up ~20% year-over-year and improving margins — a supporting cue for investors focused on growth/recent results.
• Positive Sentiment: Technical/market sentiment upgrade: IBD raised Everpure’s rating for improved price strength, which can attract momentum and growth-oriented investors. IBD Rating Upgrade
• Positive Sentiment: Customer/market traction: BlackBox Hosting highlighted bets on Everpure tied to growing UK sovereign cloud demand — a sign of commercial traction in a strategic market that could support revenue growth. BlackBox Hosting / Diginomica
• Neutral Sentiment: Bullish media coverage: Multiple bullish write-ups and idea pieces (Yahoo Finance / InsiderMonkey summarizing a Substack thesis) are increasing retail and institutional attention but do not by themselves change fundamentals. Yahoo Finance write-up InsiderMonkey summary
• Neutral Sentiment: Analyst / screen mentions: Everpure appears on lists of high-growth and cash-heavy stocks, which can broaden the investor base but offer mixed signals on valuation and risk. Yahoo — Cash-Heavy Stocks
• Negative Sentiment: Large insider selling over April 21–23: Director/officer John Colgrove sold substantial blocks across three days (totaling ~171k shares) under a pre?arranged Rule 10b5?1 plan, materially reducing his stake. While 10b5?1 plans temper governance concerns, the volume is large and can weigh on near?term supply/demand. SEC filing: SEC Form 4
• Negative Sentiment: Input-cost / supply pressure: Reporting indicates an AI-driven supply crunch has pushed supplier prices sharply higher, which Everpure says has “taken a hit” on operations — a potential near-term margin headwind if the company can’t pass costs to customers. The Register — Supply Crunch

Analyst Ratings Changes

Several analysts have issued reports on the company. Piper Sandler reissued a “buy” rating on shares of Everpure in a research note on Thursday, February 26th. JPMorgan Chase & Co. dropped their price target on Everpure from $105.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Weiss Ratings assumed coverage on Everpure in a research note on Monday. They issued a “hold (c)” rating on the stock. UBS Group lifted their price target on Everpure from $60.00 to $63.00 and gave the company a “sell” rating in a research note on Thursday, February 26th. Finally, Citigroup decreased their price objective on Everpure from $105.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Thirteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $93.21.

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.