Everpure CVO John Colgrove sells $12.46M in stock

John Colgrove, Chief Visionary Officer and a director at Everpure, Inc. (NASDAQ:P), sold company stock totaling approximately $12,463,098 on September 25, 2026. The sales, which involved 99,900 shares, occurred at prices ranging from $123.2 to $127.1 per share. These transactions were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Colgrove on behalf of an applicable trust.The sale comes as Everpure shares have surged 73% over the past six months, currently trading at $123.33 with a market capitalization of $41.1 billion. According to InvestingPro analysis, the stock appears overvalued relative to its Fair Value, with the company trading at a high P/E ratio of 171.4.

On the same date, Mr. Colgrove also made a gift of 100,000 shares of Class A Common Stock, valued at $0, to The Colgrove Family Charitable Remainder Trust.

Following these transactions, Mr. Colgrove’s beneficial ownership in Everpure, Inc. Class A Common Stock includes 5,593,309 shares held directly. Additionally, 100,000 shares are held indirectly by The Colgrove Family Charitable Remainder Trust. Other indirect holdings include 467,694 shares held by the Colgrove Family Living Trust, 2,465,000 shares by The EEC Irrevocable Trust, and another 2,465,000 shares by The RWC Irrevocable Trust. Immediate family members are beneficiaries of The EEC Irrevocable Trust and The RWC Irrevocable Trust.

In other recent news, Everpure Inc. has announced a significant increase in its fiscal 2028 revenue outlook, projecting between $7.0 billion and $7.3 billion. This forecast indicates a year-over-year growth of 39% to 45%, accompanied by a projected non-GAAP operating income of $1.7 billion to $1.9 billion, reflecting a substantial growth of 80% to 100%. In light of these developments, several analyst firms have adjusted their price targets for Everpure. Guggenheim raised its price target to $215, citing the company’s hyperscaler opportunities. Needham increased its target to $185, expressing confidence in the durability and breadth of Everpure’s growth. Piper Sandler also raised its price target to $162, following insights from the company’s annual analyst day focused on data management and AI-infrastructure positioning. These recent developments underscore growing optimism among analysts regarding Everpure’s future performance.