Penguin Solutions (NASDAQ:PENG) SVP Sells $25,614.38 in Stock

Penguin Solutions, Inc. (NASDAQ:PENG) SVP Joseph Gates Clark sold 1,346 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $19.03, for a total transaction of $25,614.38. Following the completion of the transaction, the senior vice president owned 122,318 shares of the company’s stock, valued at $2,327,711.54. This trade represents a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Penguin Solutions Stock Up 3.5%

PENG opened at $19.37 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.86 and a current ratio of 2.33. The stock’s fifty day moving average is $19.87 and its 200-day moving average is $22.06. Penguin Solutions, Inc. has a one year low of $14.20 and a one year high of $29.80. The company has a market capitalization of $1.02 billion, a PE ratio of 84.22 and a beta of 2.23.

Penguin Solutions (NASDAQ:PENG) last posted its quarterly earnings data on Tuesday, January 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.08. The company had revenue of $343.07 million during the quarter, compared to analyst estimates of $345.08 million. Penguin Solutions had a net margin of 1.82% and a return on equity of 16.01%. Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. On average, equities analysts predict that Penguin Solutions, Inc. will post 1.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Penguin Solutions

A number of large investors have recently made changes to their positions in PENG. Royal Bank of Canada purchased a new stake in shares of Penguin Solutions in the first quarter worth approximately $7,250,000. Amundi purchased a new stake in Penguin Solutions in the 1st quarter worth approximately $373,000. AQR Capital Management LLC purchased a new stake in Penguin Solutions in the 1st quarter worth approximately $1,076,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Penguin Solutions during the 1st quarter valued at $538,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Penguin Solutions during the 1st quarter valued at $3,259,000.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PENG. Rosenblatt Securities restated a “buy” rating and issued a $30.00 target price on shares of Penguin Solutions in a report on Tuesday, February 3rd. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price target on shares of Penguin Solutions in a research note on Tuesday, February 3rd. The Goldman Sachs Group started coverage on Penguin Solutions in a report on Tuesday, January 13th. They set a “buy” rating and a $25.00 price objective on the stock. Wall Street Zen cut shares of Penguin Solutions from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Weiss Ratings downgraded shares of Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, February 5th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

About Penguin Solutions

Penguin Solutions, Inc engages in the designing and development of enterprise solutions worldwide. It operates through three segments: Advanced Computing, Integrated Memory, and Optimized LED. It offers dynamic random access memory modules, solid-state and flash storage, and other advanced integrated memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.