Penguin Solutions (NASDAQ:PENG) SVP Anthony George Frey Sells 4,631 Shares of Company Stock

Penguin Solutions, Inc. (NASDAQ:PENG) SVP Anthony George Frey sold 4,631 shares of Penguin Solutions stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $58.91, for a total value of $272,812.21. Following the sale, the senior vice president directly owned 77,853 shares of the company’s stock, valued at approximately $4,586,320.23. The trade was a 5.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Penguin Solutions Stock Down 11.7%

Shares of Penguin Solutions stock opened at $51.93 on Friday. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 24.50, a P/E/G ratio of 0.69 and a beta of 2.86. The stock has a 50-day simple moving average of $56.20 and a 200-day simple moving average of $43.87. Penguin Solutions, Inc. has a 52-week low of $16.04 and a 52-week high of $89.86. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.88 and a quick ratio of 1.25.

Penguin Solutions (NASDAQ:PENG) last posted its earnings results on Tuesday, October 6th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.23. The firm had revenue of $566.68 million during the quarter, compared to analysts’ expectations of $520.99 million. Penguin Solutions had a net margin of 10.43% and a return on equity of 36.71%. During the same period in the previous year, the company earned $0.11 earnings per share. Penguin Solutions has set its FY 2027 guidance at 3.750-5.15 EPS. On average, equities research analysts expect that Penguin Solutions, Inc. will post 4.05 earnings per share for the current fiscal year.

Institutional Trading of Penguin Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new position in Penguin Solutions in the 2nd quarter valued at approximately $581,658,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Penguin Solutions in the 2nd quarter worth approximately $150,192,000. Paradigm Capital Management Inc. NY bought a new stake in shares of Penguin Solutions in the 2nd quarter worth approximately $52,135,000. William Blair Investment Management LLC acquired a new stake in shares of Penguin Solutions during the 2nd quarter worth approximately $34,207,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Penguin Solutions during the 2nd quarter worth approximately $22,503,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PENG shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $85.00 price objective on shares of Penguin Solutions in a report on Wednesday, October 7th. Barclays raised their target price on Penguin Solutions from $40.00 to $60.00 and gave the company an “underweight” rating in a report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft set a $100.00 price target on Penguin Solutions in a research report on Friday, October 9th. Rosenblatt Securities upped their price target on Penguin Solutions from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, October 7th. Finally, Zacks Research raised Penguin Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $87.50.

Penguin Solutions Company Profile

Penguin Solutions, Inc provides technology products and services for data center, cloud, artificial intelligence, high-performance computing, edge computing and embedded applications. The company designs and delivers memory products, computing platforms and integrated infrastructure intended to help organizations manage demanding workloads and deploy specialized technology environments.

Its offerings include memory modules and other memory-related products, high-performance computing systems, servers, storage and networking solutions, and software and services for infrastructure management.