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

Everpure, Inc. (NYSE:P) insider John Colgrove sold 35,185 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was 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 owned 6,474,080 shares of the company’s stock, valued at $582,731,940.80. This trade represents a 0.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 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 value of $19,396,000.00.
• On Tuesday, August 4th, John Colgrove sold 89,720 shares of Everpure stock. The shares were sold at an average price of $85.66, for a total value 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 value 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 value of $7,096,896.00.
• On Wednesday, June 10th, John Colgrove sold 100 shares of Everpure stock. The stock was sold at an average price of $70.00, for a total value 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 value of $877,089.60.

Everpure Price Performance

Everpure stock traded up $11.47 during mid-day trading on Tuesday, hitting $109.45. The stock had a trading volume of 5,492,584 shares, compared to its average volume of 3,286,337. The firm’s 50-day moving average is $75.80. The firm has a market cap of $36.38 billion, a PE ratio of 165.84, a PEG ratio of 5.10 and a beta of 1.45. Everpure, Inc. has a 12 month low of $54.37 and a 12 month high of $109.59.

Everpure (NYSE:P) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 earnings per share 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 return on equity of 15.97% and a net margin of 5.75%.The company’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 EPS. Research analysts forecast that Everpure, Inc. will post 0.92 earnings per share for the current year.

Institutional Investors Weigh In On Everpure

Several hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in shares of Everpure during the fourth quarter worth $265,327,000. Atreides Management LP acquired a new stake in Everpure during the 2nd quarter worth $204,552,000. Polar Capital Holdings Plc raised its stake in Everpure by 90.5% during the 3rd quarter. Polar Capital Holdings Plc now owns 2,831,141 shares of the company’s stock worth $237,278,000 after buying an additional 1,345,207 shares during the period. AQR Capital Management LLC lifted its holdings in Everpure by 62.7% during the fourth quarter. AQR Capital Management LLC now owns 3,414,715 shares of the company’s stock worth $228,820,000 after acquiring an additional 1,315,351 shares in the last quarter. Finally, Turiya Advisors Asia Ltd bought a new position in Everpure during the fourth quarter worth about $67,010,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Upgrades and Downgrades

P has been the subject of a number of recent research reports. Northland Securities set a $90.00 price target on shares of Everpure in a research note on Thursday, May 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everpure in a research note on Friday, July 17th. TD Cowen reaffirmed a “buy” rating on shares of Everpure in a report on Wednesday, July 1st. JPMorgan Chase & Co. upped their target price on shares of Everpure from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen downgraded Everpure from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Sixteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Everpure has an average rating of “Moderate Buy” and an average target price of $99.70.

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.