SANTA CLARA, Calif., May 9, 2026, 09:33 (PDT)
John Colgrove, Everpure, Inc.’s director and Chief Visionary Officer, unloaded 134,265 Class A shares across three sessions, netting roughly $10.09 million, according to a U.S. Securities and Exchange Commission filing. The trades, executed under a Rule 10b5-1 plan, came at weighted-average prices from $75.01 to $75.31. The insider move arrives with the data-storage firm’s late-May results on the horizon.
The timing is key here. Everpure plans to release its fiscal Q1 2027 numbers after the quarter closed on May 3, and the earnings call is on the books for May 27, according to the company. It’ll be the first quarterly snapshot since the company switched its NYSE ticker to the single letter “P” back in April, leaving behind the Pure Storage name. Everpure Data
The filing arrives just as the company wrestles with a spike in component prices, fueled by demand for AI-related chips. Everpure’s average prices have jumped about 70% since the beginning of the year, Chairman and CEO Charles Giancarlo told customers in an April 23 letter. Some major semiconductor input costs have soared 300% to 900% since mid-2025, Giancarlo added.
“We will not profiteer from this crisis,” Giancarlo said. Everpure plans to hold price hikes to less than its own supply-chain cost rises, taking on some of the extra burden itself. The company shortened quote expiration to 30 days, with parts and prices now shifting faster. Everpure Data
Everpure finished Friday at $78.16, putting its market cap near $27.0 billion. U.S. exchanges were shut Saturday morning.
The quarter kicked off with strong momentum for the company, but margin discipline was front and center. Everpure posted fiscal 2026 revenue of $3.7 billion, a 16% jump, with fourth-quarter sales hitting $1.1 billion, up 20%. Performance obligations—revenue under contract but not yet booked—climbed more than 40%.
Back in February, Chief Financial Officer Tarek Robbiati pointed to “robust” demand among enterprise and hyperscaler clients, even as the company dealt with global supply-chain imbalances, which he said it was “proactively navigating.” For fiscal 2027, Everpure is targeting revenue between $4.3 billion and $4.4 billion—that’s 17% to 20% growth. Pure Storage Investor
The rebrand signals a wider move for Everpure, pushing past flash storage and into the realm of data management for AI-focused enterprises. Back in February, the company announced a deal to buy 1touch, a data intelligence and orchestration firm. Terms weren’t disclosed. The acquisition is expected to close in fiscal Q2 2027.
Competition is stiff. Everpure, in its most recent annual report, called the storage market “intensely competitive,” pointing to Dell EMC, NetApp, and HPE as established rivals with deep pockets and wide-ranging product portfolios. The company also noted that offerings from cloud providers and hyperconverged-infrastructure vendors present customers with additional choices beyond its own products.
The risks are easy to spot: higher component costs may squeeze gross margins, and competitors with heftier sales budgets or bundled deals could push harder on pricing. In its filing, Everpure flagged potential trouble if cloud spending trends, customer demand, or AI storage uptake shift—any of which could weigh on revenue growth or dent operating results.
So far, the insider sale leaves the company’s official outlook untouched. According to the filing, the trades followed a plan set on Jan. 8. Colgrove continues to hold more than 12.6 million shares between direct and trust accounts after the sale.
