John Colgrove Sells 89,720 Shares of Everpure (NYSE:P) Stock

Everpure, Inc. (NYSE:P - Get Free Report) insider John Colgrove sold 89,720 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $85.66, for a total transaction of $7,685,415.20. Following the completion of the sale, the insider owned 6,509,265 shares of the company's stock, valued at approximately $557,583,639.90. This trade represents a 1.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 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 shares were sold at an average price of $85.32, for a total value of $877,089.60.
• On Monday, May 11th, John Colgrove sold 200,000 shares of Everpure stock. The shares were sold at an average price of $85.93, for a total value of $17,186,000.00.

Everpure Stock Up 4.4%

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Shares of Everpure stock opened at $87.45 on Friday. The stock's fifty day simple moving average is $75.32. The company has a market capitalization of $29.07 billion, a price-to-earnings ratio of 132.51, a P/E/G ratio of 4.74 and a beta of 1.45. Everpure, Inc. has a 12 month low of $54.37 and a 12 month high of $100.59.

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Everpure (NYSE:P - Get Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.07. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $997.88 million. During the same quarter in the prior year, the company earned $0.29 EPS. The business's revenue for the quarter was up 35.2% on a year-over-year basis. On average, research analysts anticipate that Everpure, Inc. will post 0.92 EPS for the current fiscal year.

Everpure News Summary

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure promoted Craig Robertson to lead its channel operations across EMEA and Latin America. The internal appointment could support partner growth and sales execution in two important international markets. Everpure promotes Craig Robertson to EMEA and LATAM channel chief
• Neutral Sentiment: The company will release second-quarter fiscal 2027 results and hold a conference call on August 26 at 2:00 p.m. Pacific time. The announcement itself does not change fundamentals, but investors may be positioning ahead of updates on revenue growth, profitability, demand and guidance. Everpure Announces Date and Conference Call Information for Second Quarter Fiscal 2027 Financial Results
• Negative Sentiment: Director John Colgrove sold 89,720 Everpure shares for approximately $7.69 million at an average price of $85.66, reducing his ownership by 1.36%. The sale was conducted under a pre-arranged Rule 10b5-1 plan, and he still owned 6.51 million shares afterward, which lessens—but does not eliminate—the potential negative interpretation. SEC insider transaction filing

Institutional Inflows and Outflows

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Institutional investors and hedge funds have recently made changes to their positions in the company. PFA Pension Forsikringsaktieselskab bought a new position in shares of Everpure in the fourth quarter worth approximately $10,948,000. National Pension Service raised its stake in Everpure by 782.9% in the fourth quarter. National Pension Service now owns 665,667 shares of the company's stock valued at $44,606,000 after purchasing an additional 590,274 shares in the last quarter. ClearAlpha Technologies LP bought a new stake in Everpure during the fourth quarter valued at approximately $971,000. Geode Capital Management LLC lifted its position in Everpure by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 7,716,158 shares of the company's stock valued at $515,972,000 after purchasing an additional 207,317 shares during the last quarter. Finally, Bleakley Financial Group LLC bought a new stake in Everpure during the fourth quarter valued at approximately $745,000. Institutional investors own 83.42% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. UBS Group increased their price target on shares of Everpure from $63.00 to $70.00 and gave the company a "sell" rating in a research report on Thursday, May 28th. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 price objective on shares of Everpure in a research report on Thursday, May 28th. Barclays boosted their target price on shares of Everpure from $81.00 to $84.00 and gave the company an "equal weight" rating in a research note on Thursday, May 28th. TD Cowen reissued a "buy" rating on shares of Everpure in a research report on Wednesday, July 1st. Finally, Wells Fargo & Company raised their price target on shares of Everpure from $90.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, May 28th. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Everpure has an average rating of "Moderate Buy" and a consensus price target of $96.50.

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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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