Key Points
- Insider John Colgrove sold 200,000 Everpure shares at an average price of $96.98, generating approximately $19.4 million. The sale was conducted under a pre-arranged Rule 10b5-1 plan, and Colgrove retained more than 6.4 million shares.
- Everpure reported quarterly EPS of $0.47, exceeding estimates of $0.40, while revenue rose 35.2% year over year to $1.05 billion. The company also secured a multi-year supply agreement with a second top-five hyperscaler, with material revenue expected beginning in fiscal 2028.
- Analyst sentiment remains favorable, with recent upgrades and price-target increases; however, the stock’s elevated valuation, including a price-to-earnings ratio above 165, leaves shares sensitive to execution and the timing of hyperscaler-driven growth.
Everpure, Inc. (NYSE:P - Get Free Report) insider John Colgrove sold 35,185 shares of the company's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $90.01, for a total transaction of $3,167,001.85. Following the transaction, the insider owned 6,474,080 shares in the company, valued at $582,731,940.80. This represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 transaction 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 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 stock was 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
P stock opened at $109.45 on Wednesday. The firm has a market cap of $36.38 billion, a P/E ratio of 165.84, a P/E/G ratio of 5.54 and a beta of 1.45. Everpure, Inc. has a 52-week low of $54.37 and a 52-week high of $109.59. The company's 50-day moving average is $76.33.
Everpure (NYSE:P - Get Free Report) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.07. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $997.88 million. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The company'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 posted $0.29 EPS. Equities research analysts expect that Everpure, Inc. will post 0.92 earnings per share for the current year.
More Everpure News
Here are the key news stories impacting Everpure this week:
- Positive Sentiment: Second top-five hyperscaler design win: Everpure announced a design win and multi-year supply agreement with a second top-five hyperscaler. The customer plans to use Everpure’s DirectFlash architecture across multiple storage-performance tiers in large-scale cloud data centers. Management expects the agreement to materially support revenue beginning in fiscal 2028, while the deal also validates the company’s technology for AI and other data-intensive workloads. Everpure Lands New Design Win with Second Top-Five Hyperscaler
- Positive Sentiment: Analyst upgrade and higher price target: Susquehanna upgraded Everpure from “Neutral” to “Positive” and raised its price target to $120 from $85, citing additional upside. The upgrade adds to the positive momentum surrounding the hyperscaler contract. Everpure pops up 10%; Susquehanna upgrades to Positive rating
- Positive Sentiment: Favorable infrastructure spending backdrop: Morgan Stanley said rising memory prices, or “chipflation,” could accelerate enterprise and AI infrastructure spending rather than delay it. That environment may benefit storage and data-management vendors such as Everpure. Morgan Stanley sees more upside in these stocks as chipflation worsens
- Neutral Sentiment: Valuation remains a concern: Everpure trades at a high earnings multiple, making the shares sensitive to execution, customer adoption and the timing of expected hyperscaler revenue. Investors are weighing the strong growth opportunity against substantial expectations already reflected in the stock.
- Negative Sentiment: Insider selling: Director John Colgrove sold a combined 235,185 shares for approximately $22.6 million. Both transactions were executed under a pre-arranged Rule 10b5-1 trading plan, reducing the bearish signal, and he still owns more than 6.4 million shares. SEC insider transaction filing
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Everpure during the 4th quarter worth approximately $10,948,000. National Pension Service lifted 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 during the last quarter. ClearAlpha Technologies LP bought a new position in Everpure during the fourth quarter valued at $971,000. Geode Capital Management LLC grew its holdings 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 period. Finally, Danske Bank A S increased its position in Everpure by 5.4% in the fourth quarter. Danske Bank A S now owns 315,082 shares of the company's stock worth $21,114,000 after buying an additional 16,271 shares during the last quarter. 83.42% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on P. William Blair reissued an "outperform" rating on shares of Everpure in a research report on Thursday, May 28th. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price objective on shares of Everpure in a report on Thursday, May 28th. Wedbush upped their target price on shares of Everpure from $100.00 to $105.00 and gave the stock an "outperform" rating in a research note on Thursday, May 28th. Morgan Stanley upgraded shares of Everpure from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $87.00 to $108.00 in a report on Monday. Finally, Lake Street Capital raised their price target on shares of Everpure from $90.00 to $94.00 and gave the company a "buy" 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 presently has an average rating of "Moderate Buy" and an average target price of $99.70.
Read Our Latest Stock Analysis on Everpure
Everpure Company Profile
(
Get Free Report)
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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