Insider Selling: Everpure (NYSE:P) Insider Sells $15,373,000.00 in Stock

by · The Cerbat Gem

Everpure, Inc. (NYSE:P – Get Free Report) insider John Colgrove sold 100,000 shares of the company’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $153.73, for a total transaction of $15,373,000.00. Following the transaction, the insider owned 2,415,000 shares in the company, valued at $371,257,950. The trade was a 3.98% decrease in their ownership of the stock. The sale 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 Wednesday, October 14th, John Colgrove sold 100,000 shares of Everpure stock. The stock was sold at an average price of $145.00, for a total value of $14,500,000.00.
  • On Thursday, September 24th, John Colgrove sold 100,000 shares of Everpure stock. The stock was sold at an average price of $115.96, for a total value of $11,596,000.00.
  • On Monday, September 21st, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $110.35, for a total transaction of $11,035,000.00.
  • On Thursday, September 10th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $94.95, for a total value of $9,495,000.00.
  • On Friday, August 14th, John Colgrove sold 64,815 shares of Everpure stock. The shares were sold at an average price of $117.44, for a total value of $7,611,873.60.
  • 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 value 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 value 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 stock was 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 stock was sold at an average price of $85.66, for a total transaction of $7,685,415.20.

Everpure Trading Down 7.1%

NYSE P opened at $123.98 on Friday. Everpure, Inc. has a twelve month low of $56.78 and a twelve month high of $157.57. The business’s fifty day simple moving average is $115.88. The stock has a market cap of $41.32 billion, a PE ratio of 169.84, a PEG ratio of 4.45 and a beta of 1.39.

Everpure (NYSE:P – Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.51. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The business had revenue of $1.19 billion for the quarter. Everpure’s revenue was up 37.7% compared to the same quarter last year. Analysts expect that Everpure, Inc. will post 0.95 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on P shares. Raymond James Financial reiterated an “outperform” rating and issued a $122.00 price objective on shares of Everpure in a research report on Thursday, August 27th. Weiss Ratings upgraded shares of Everpure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Oppenheimer reiterated an “outperform” rating and issued a $140.00 target price on shares of Everpure in a research report on Thursday, August 20th. Zacks Research cut Everpure from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Piper Sandler lifted their target price on shares of Everpure from $133.00 to $162.00 and gave the company an “overweight” rating in a research report on Thursday, September 24th. Eighteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $143.25.

Check Out Our Latest Report on P

Everpure News Roundup

Here are the key news stories impacting Everpure this week:

  • Positive Sentiment: Everpure’s latest quarterly results provide fundamental support. Revenue increased 37.7% year over year to $1.19 billion, driven by enterprise-storage demand and subscription growth, while earnings per share of $0.70 substantially exceeded the $0.19 analyst consensus. Everpure Revenues Surge 38% in Q2
  • Positive Sentiment: Everpure was added to the Invesco S&P 500 Equal Weight ETF (RSP), which could generate incremental institutional demand and increase the stock’s visibility. Invesco ETF Adds Everpure
  • Neutral Sentiment: Wall Street remains broadly constructive, with a “Moderate Buy” consensus. However, the average analyst price target of $143.25 is below recent trading levels, indicating that much of the expected growth may already be reflected in the share price.
  • Negative Sentiment: Insider selling is weighing on sentiment. Ajay Singh sold 18,267 shares for approximately $2.8 million, reducing his position by 6.33%, while John Colgrove sold 100,000 shares worth about $15.4 million. Colgrove’s transaction was conducted under a pre-arranged Rule 10b5-1 plan, making it a less direct signal of management’s outlook, although the scale and repetition of recent sales may concern investors. Everpure Insider Selling
  • Negative Sentiment: Valuation risk remains significant. Everpure trades at a very high earnings multiple and has a PEG ratio above 4, leaving the stock vulnerable to profit-taking if growth moderates or future results do not exceed elevated expectations.
  • Negative Sentiment: A hotter-than-expected 3.7% inflation reading, partly linked to higher energy costs, pushed bond yields higher and pressured growth-oriented technology shares. Higher interest rates can reduce the appeal of richly valued companies such as Everpure. Technology Stocks Fall on Inflation Concerns

Institutional Investors Weigh In On Everpure

Several large investors have recently modified their holdings of the business. JANA Partners Management LP bought a new position in shares of Everpure in the 2nd quarter valued at about $77,939,000. Assenagon Asset Management S.A. grew its stake in shares of Everpure by 504.0% in the third quarter. Assenagon Asset Management S.A. now owns 994,061 shares of the company’s stock valued at $130,003,000 after acquiring an additional 829,476 shares in the last quarter. Artemis Investment Management LLP boosted its holdings in Everpure by 100.1% in the 3rd quarter. Artemis Investment Management LLP now owns 775,776 shares of the company’s stock valued at $101,456,000 after purchasing an additional 388,066 shares during the period. Raiffeisen Bank International AG bought a new stake in shares of Everpure during the 2nd quarter valued at $25,525,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Everpure in the 2nd quarter valued at approximately $25,859,000. 83.42% of the stock is currently owned by institutional investors.

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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