Key Highlights
- Shares of Everpure (previously Pure Storage) surged 15.3% to reach $90.11 during Monday’s trading session, with volume exceeding normal levels at 4.18 million shares.
- The technology firm finalized its transformation from Pure Storage to Everpure while simultaneously closing its purchase of data intelligence company 1touch.
- Options traders showed significant interest, with 12,762 call contracts changing hands — approximately 70% higher than normal daily activity.
- Analyst consensus leans toward Moderate Buy, featuring an average target price of $93.21 based on 19 analyst ratings.
- Latest quarterly results exceeded expectations on both earnings ($0.69 versus $0.65 forecast) and sales ($1.06B versus $1.03B forecast), marking a 20.4% year-over-year revenue increase.
Shares of Everpure experienced a significant 15.3% rally to $90.11 during Monday’s session, positioning it among the day’s standout performers. The substantial gain coincided with the official completion of two major corporate milestones: the company’s transformation from Pure Storage and the successful closure of its 1touch acquisition.
Prior to Monday’s surge, shares had been hovering around the $78 level. Trading activity reached 4.18 million shares, surpassing the standard daily average of 3.21 million.
The derivatives market witnessed heightened interest as well. Call option volume totaled 12,762 contracts throughout the session — representing approximately 70% more than the standard daily level of 7,525 contracts. Such elevated activity typically indicates traders are betting on continued price appreciation.
Everpure’s 52-week trading range extends from $50.20 to $100.59, with Monday’s advance placing shares back in the upper portion of that spectrum. The firm’s current market capitalization sits at approximately $29.78 billion.
Details on the 1touch Acquisition
The 1touch purchase brings enhanced data discovery, classification, and contextualization tools to Everpure’s storage infrastructure. The strategic objective is to enable enterprise data to become AI-ready directly at its source — spanning SaaS environments, edge computing, and all points in between.
Management initially unveiled the Pure Storage to Everpure rebrand in February 2026, positioning the move as an evolution from traditional storage solutions toward comprehensive data management services. The 1touch transaction was bundled within that same strategic announcement.
Company insider John Colgrove divested 29,108 shares on May 7th at an average price of $75.31, generating proceeds slightly exceeding $2.19 million. This sale occurred through a predetermined Rule 10b5-1 trading arrangement, leaving him with ownership of 467,694 shares worth approximately $35.2 million. Throughout the preceding 90-day period, company insiders collectively sold 334,265 shares with an aggregate value near $24.1 million.
Institutional investors control 83.42% of outstanding shares. Multiple investment firms expanded their holdings during the third quarter, with Westfield Capital Management notably increasing its position by 69.4% to reach 1.75 million shares.
Wall Street Price Targets
Analyst sentiment skews positive overall. Among 19 analysts providing coverage, 13 maintain Buy recommendations, five suggest Hold positions, and one rates the stock as Sell.
The consensus price target stands at $93.21, marginally above Monday’s closing level. Both Citigroup and Wells Fargo maintain Buy-equivalent recommendations with $90 targets. UBS represents the sole bearish voice with a Sell rating and $63 target.
The company’s most recent quarterly report, issued on February 25th, revealed earnings per share of $0.69, exceeding the consensus forecast of $0.65 by $0.04. Revenue totaled $1.06 billion, surpassing the $1.03 billion projection and representing a 20.4% increase compared to the prior-year period. Wall Street analysts are currently projecting full-year EPS of $0.72.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
