Strengthening Families & Communities LLC bought a new position in shares of Everpure, Inc. (NYSE:P – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 39,174 shares of the company’s stock, valued at approximately $3,087,000.
Several other institutional investors have also bought and sold shares of P. Paradigm Capital Management Inc. NY bought a new stake in shares of Everpure in the 2nd quarter worth about $2,127,000. S&CO Inc. bought a new stake in Everpure during the second quarter worth about $15,003,000. ClearAlpha Technologies LP acquired a new stake in shares of Everpure during the fourth quarter worth approximately $971,000. National Pension Service raised its stake in shares of 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 acquiring an additional 590,274 shares during the last quarter. Finally, New Mexico Educational Retirement Board acquired a new position in shares of Everpure in the 2nd quarter worth approximately $4,948,000. Institutional investors and hedge funds own 83.42% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on P. TD Cowen raised their price target on Everpure from $100.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. Barclays lifted their target price on Everpure from $84.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, August 28th. William Blair reiterated an “outperform” rating on shares of Everpure in a research report on Thursday, May 28th. Wedbush upped their target price on shares of Everpure from $127.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $120.00 price target on shares of Everpure in a research report on Thursday, August 27th. Seventeen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Everpure has a consensus rating of “Moderate Buy” and a consensus price target of $129.10.
Everpure Stock Down 1.4%
NYSE:P opened at $92.47 on Thursday. Everpure, Inc. has a 1-year low of $56.78 and a 1-year high of $119.10. The company has a market capitalization of $30.74 billion, a PE ratio of 126.67, a PEG ratio of 3.77 and a beta of 1.43. The firm has a fifty day moving average price of $86.73.
Everpure (NYSE:P – Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $1.19 billion during the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The business’s revenue was up 37.7% compared to the same quarter last year. Research analysts predict that Everpure, Inc. will post 0.96 EPS for the current year.
Insiders Place Their Bets
In other Everpure news, insider Ajay Singh sold 9,787 shares of the stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $78.12, for a total transaction of $764,560.44. Following the completion of the sale, the insider directly owned 340,939 shares in the company, valued at approximately $26,634,154.68. This trade represents a 2.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Colgrove sold 200,000 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $96.98, for a total value of $19,396,000.00. Following the completion of the sale, the insider directly owned 6,474,080 shares of the company’s stock, valued at $627,856,278.40. The trade was a 3.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 817,520 shares of company stock worth $77,276,792. 5.10% of the stock is currently owned by insiders.
More Everpure News
Here are the key news stories impacting Everpure this week:
- Positive Sentiment: Partner milestone strengthens ecosystem credibility. ePlus became the first North American reseller or services partner to earn Everpure’s highest “Ambassador” certification. The designation could help validate Everpure’s partner strategy and support additional enterprise sales. ePlus Achieves Exclusive Ambassador Partner Status with Everpure
- Positive Sentiment: Analysts raised medium-term earnings forecasts. Northland Securities maintained an “Outperform” rating and a $128 price target while lifting its FY2027 EPS estimate to $1.05 from $0.93 and FY2028 EPS to $1.84 from $1.48. The firm also increased several quarterly estimates, including Q3 2027 and Q2-Q4 2028, suggesting confidence in Everpure’s growth trajectory. Northland Securities Everpure estimates
- Positive Sentiment: AI infrastructure demand remains a key growth driver. Coverage highlighted Everpure’s ability to address bottlenecks limiting artificial-intelligence deployments. This supports the investment case that demand for its infrastructure and technology services can continue expanding. Everpure excels at eliminating AI bottlenecks
- Positive Sentiment: Revenue visibility improved. Everpure’s remaining performance obligations rose 44%, and the company raised its FY2027 revenue outlook. A roughly $1 billion liquidity buffer also provides flexibility to fund expansion, although the company is currently generating negative cash flow. Why investors must hold Everpure stock
- Neutral Sentiment: Forecast revisions were mixed. Northland lowered estimates for Q1 2028 EPS to $0.16 from $0.17 and Q4 2027 EPS to $0.38 from $0.39, partially offsetting its broader upward revisions.
- Negative Sentiment: Valuation and cash burn could limit upside. With Everpure trading at a high earnings multiple and still reporting negative cash flow, investors may demand continued strong growth to justify the valuation. Any slowdown in AI spending or execution could pressure the stock.
Everpure Profile
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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