Everpure (NYSE:P) Insider Sells $7,611,873.60 in Stock

Everpure, Inc. (NYSE:P – Get Free Report) insider John Colgrove sold 64,815 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $117.44, for a total transaction of $7,611,873.60. Following the transaction, the insider owned 6,074,080 shares of the company’s stock, valued at approximately $713,339,955.20. This represents a 1.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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):

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• On Thursday, August 13th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $117.21, for a total transaction of $11,721,000.00.
• On Tuesday, August 11th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $104.39, for a total transaction of $10,439,000.00.
• 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 transaction of $19,396,000.00.
• 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 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 stock was 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 shares were 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 shares were 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 stock was sold at an average price of $85.32, for a total value of $877,089.60.

Everpure Stock Down 4.2%

NYSE P opened at $112.16 on Thursday. The company has a market cap of $37.28 billion, a P/E ratio of 169.94, a P/E/G ratio of 6.57 and a beta of 1.45. Everpure, Inc. has a one year low of $54.37 and a one year high of $119.10. The firm’s 50 day moving average price is $81.35.

Everpure (NYSE:P – Get Free Report) last posted its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $997.88 million. During the same period last year, the firm posted $0.29 earnings per share. Everpure’s revenue for the quarter was up 35.2% compared to the same quarter last year. On average, equities analysts expect that Everpure, Inc. will post 0.93 EPS for the current fiscal year.

Key Headlines Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure secured a contract with one of the world’s top five hyperscale cloud providers for its flash-storage products. The customer and financial terms were not disclosed, but the agreement supports demand for Everpure’s data-center storage business and could strengthen its position in the artificial-intelligence infrastructure market. Everpure secures contract from top-five hyperscaler
• Positive Sentiment: TD Cowen raised its price target to $170 from $100 and maintained a Buy rating, citing the possibility that Oracle is the new hyperscale customer and anticipating further revenue growth from Meta. The new target implies substantial upside from recent trading levels. TD Cowen raises Everpure price target
• Neutral Sentiment: Brokerage sentiment remains favorable, with Everpure carrying a consensus “Moderate Buy” rating. However, the reported average price target of $101.45 is below the stock’s recent level, suggesting some analysts may view the rally as ahead of fundamentals.
• Negative Sentiment: Insider John Colgrove sold 64,815 shares for approximately $7.6 million and separately sold 100,000 shares for about $11.7 million. The transactions were executed under a pre-arranged Rule 10b5-1 plan, reducing their negative signal, and Colgrove still owns more than 6 million shares. Everpure insider selling
• Negative Sentiment: Valuation remains a risk: Everpure trades at roughly 170–177 times earnings after reaching a new 52-week high. That premium leaves the stock vulnerable to profit-taking if hyperscaler growth or contract economics do not meet elevated expectations.

Analyst Ratings Changes

P has been the topic of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Everpure in a report on Friday, July 17th. William Blair reaffirmed an “outperform” rating on shares of Everpure in a report on Thursday, May 28th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target on shares of Everpure in a research report on Thursday, May 28th. TD Cowen boosted their price objective on Everpure from $100.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. upped their price objective on Everpure from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Sixteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.95.

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Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of P. Wedbush Securities Inc. purchased a new position in shares of Everpure during the 2nd quarter worth about $319,000. New Mexico Educational Retirement Board purchased a new stake in Everpure in the 2nd quarter worth about $4,948,000. Wellington Management Group LLP purchased a new stake in Everpure in the 2nd quarter worth about $2,192,000. Archer Investment Corp purchased a new stake in Everpure in the 2nd quarter worth about $539,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Everpure in the second quarter worth about $12,547,000. Institutional investors own 83.42% of the company’s stock.

Everpure Company Profile

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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.

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