Key Points
- Insider John Colgrove sold 100,000 shares of Everpure at an average price of $104.39, generating approximately $10.4 million. The sale occurred under a pre-arranged Rule 10b5-1 plan, and he still owns more than 6.2 million shares.
- Everpure reported stronger-than-expected quarterly results, with EPS of $0.47 versus $0.40 expected and revenue of $1.05 billion, up 35.2% year over year. Shares opened at $117.29, near their 52-week high, while the stock traded at an elevated P/E ratio of 177.71.
- Analysts remain broadly optimistic, with 16 Buy ratings and a consensus “Moderate Buy” rating; Susquehanna recently raised its target to $120. Institutional investors own 83.42% of the company, while new hyperscaler business is expected to support longer-term AI and cloud-storage growth.
Everpure, Inc. (NYSE:P - Get Free Report) insider John Colgrove sold 100,000 shares of Everpure stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $104.39, for a total transaction of $10,439,000.00. Following the sale, the insider directly owned 6,274,080 shares of the company's stock, valued at $654,951,211.20. This represents a 1.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 Monday, August 10th, John Colgrove sold 200,000 shares of Everpure stock. The shares were sold at an average price of $96.98, for a total value 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 value 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 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 Trading Up 5.3%
Shares of NYSE P opened at $117.29 on Friday. The stock has a market cap of $38.99 billion, a PE ratio of 177.71, a price-to-earnings-growth ratio of 6.25 and a beta of 1.45. Everpure, Inc. has a 1-year low of $54.37 and a 1-year high of $118.81. The firm's 50-day moving average price is $77.71.
Everpure (NYSE:P - Get Free Report) last released its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.07. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $997.88 million. Everpure had a return on equity of 15.97% and a net margin of 5.75%.Everpure's quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. As a group, sell-side analysts anticipate that Everpure, Inc. will post 0.93 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
P has been the subject of a number of research reports. Wedbush upped their price objective on shares of Everpure from $100.00 to $105.00 and gave the company an "outperform" rating in a research note on Thursday, May 28th. Lake Street Capital lifted their target price on shares of Everpure from $90.00 to $94.00 and gave the stock a "buy" rating in a research report on Thursday, May 28th. Susquehanna raised shares of Everpure from a "neutral" rating to a "positive" rating and boosted their price target for the stock from $85.00 to $120.00 in a research note on Monday. DA Davidson set a $100.00 price target on shares of Everpure in a research report on Wednesday, July 1st. Finally, Piper Sandler reaffirmed an "overweight" rating on shares of Everpure in a research note on Thursday, May 28th. Sixteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Everpure currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.45.
Read Our Latest Research Report on Everpure
Institutional Trading of Everpure
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Everpure during the fourth quarter valued at approximately $265,327,000. Atreides Management LP purchased a new position in shares of Everpure in the second quarter worth $204,552,000. Polar Capital Holdings Plc increased its stake in shares of Everpure by 90.5% in the third 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 raised its holdings in Everpure by 62.7% during the 4th quarter. AQR Capital Management LLC now owns 3,414,715 shares of the company's stock valued at $228,820,000 after buying an additional 1,315,351 shares during the last quarter. Finally, Turiya Advisors Asia Ltd purchased a new stake in Everpure during the 4th quarter valued at $67,010,000. Institutional investors own 83.42% of the company's stock.
More Everpure News
Here are the key news stories impacting Everpure this week:
- Positive Sentiment: Second hyperscaler design win: Everpure announced a multi-year supply agreement and design win with a second top-five hyperscaler. The customer plans to use Everpure’s DirectFlash architecture across multiple storage tiers in large-scale cloud data centers. Revenue is expected to contribute materially beginning in fiscal 2028, while the deal reinforces the company’s positioning in AI and other data-intensive workloads. Everpure lands second hyperscaler design win for DirectFlash
- Positive Sentiment: Analyst upgrade: Susquehanna raised Everpure to “Positive” from “Neutral” and increased its price target to $120 from $85. The firm cited rising demand for high-capacity flash storage from cloud and AI customers, particularly 75-terabyte-plus QLC-based DirectFlash Modules. Why Are Everpure Shares Soaring Today
- Positive Sentiment: Options activity signals bullish positioning: Traders purchased 11,402 call options, about 59% above typical call volume, indicating increased speculative interest in further gains.
- Neutral Sentiment: Strong fundamentals, elevated expectations: Everpure’s latest quarterly results exceeded estimates, with earnings per share of $0.47 versus consensus of $0.40 and revenue of $1.05 billion versus $997.9 million expected. Revenue grew 35.2% year over year, but the stock’s elevated valuation makes it sensitive to execution and the timing of hyperscaler revenue.
- Negative Sentiment: Insider selling: Insider John Colgrove recently sold 100,000 shares for approximately $10.4 million, following reported sales of 200,000 and 35,185 shares. The transactions were made under a pre-arranged Rule 10b5-1 plan, and Colgrove still owns more than 6.2 million shares, limiting—but not eliminating—the negative signal. SEC insider transaction filing
About Everpure
(
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
