TLDR
- Everpure (formerly Pure Storage) stock jumped 15.3% to $90.11 on Monday, with trading volume above average at 4.18 million.
- The company completed its rebrand from Pure Storage to Everpure and finalized its acquisition of data intelligence firm 1touch.
- Unusually heavy options activity was recorded, with 12,762 call options traded — about 70% above the typical daily volume.
- Wall Street consensus sits at Moderate Buy, with an average price target of $93.21 across 19 analysts.
- Most recent quarterly earnings beat on both EPS ($0.69 vs $0.65 estimate) and revenue ($1.06B vs $1.03B estimate), with revenue up 20.4% year-over-year.
Everpure stock climbed 15.3% to $90.11 on Monday, making it one of the more eye-catching moves of the session. The jump came as the company formally completed two big announcements: its rebrand from Pure Storage and the close of its acquisition of 1touch.
The stock had been trading near $78 prior to the move. Volume came in at 4.18 million, above its average of 3.21 million.
The options market also got busy. A total of 12,762 call options were traded on the day — roughly 70% above the typical daily average of 7,525. That kind of activity often signals traders positioning for further upside.
Everpure’s 12-month range sits between $50.20 and $100.59, and Monday’s move puts it back in the upper half of that band. The company’s market cap now stands at around $29.78 billion.
The 1touch Deal
The acquisition of 1touch adds data discovery, classification, and contextualization capabilities to Everpure’s storage platform. The idea is to make enterprise data AI-ready at the source — across SaaS, edge, and everything in between.
The company first announced the rebrand from Pure Storage to Everpure in February 2026, describing it as a shift from storage to full data management. The 1touch deal was part of that announcement package.
Insider John Colgrove sold 29,108 shares on May 7th at an average of $75.31, totaling just over $2.19 million. The transaction was part of a pre-arranged Rule 10b5-1 plan, and he still holds 467,694 shares valued at roughly $35.2 million. Over the past 90 days, insiders have sold 334,265 shares valued at approximately $24.1 million in total.
Institutional ownership stands at 83.42%. Several funds added to their positions in the third quarter, including Westfield Capital Management, which grew its stake by 69.4% to 1.75 million shares.
Analyst Targets
Analyst coverage is mostly positive. Of 19 analysts tracked, 13 have Buy ratings, five have Hold ratings, and one carries a Sell.
The average price target is $93.21, which sits just above Monday’s close. Citigroup and Wells Fargo both carry Buy-equivalent ratings with $90 price targets. UBS is the lone Sell, with a $63 target.
The most recent earnings report, released February 25th, showed EPS of $0.69, beating the $0.65 consensus by $0.04. Revenue came in at $1.06 billion, above the $1.03 billion estimate and up 20.4% from the same period last year. Analysts currently expect full-year EPS of $0.72.
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