Penguin Solutions (NASDAQ:PENG) SVP Anne Kuykendall Sells 4,000 Shares

Penguin Solutions, Inc. (NASDAQ:PENG) SVP Anne Kuykendall sold 4,000 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $17.75, for a total value of $71,000.00. Following the transaction, the senior vice president owned 131,352 shares in the company, valued at $2,331,498. This trade represents a 2.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Penguin Solutions Price Performance

Penguin Solutions stock opened at $17.62 on Wednesday. The stock has a market capitalization of $926.11 million, a P/E ratio of 76.61 and a beta of 2.19. The company’s fifty day moving average price is $19.24 and its 200 day moving average price is $21.31. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.86 and a current ratio of 2.33. Penguin Solutions, Inc. has a 1 year low of $14.20 and a 1 year high of $29.80.

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, topping analysts’ consensus estimates of $0.41 by $0.08. The company had revenue of $343.07 million during the quarter, compared to analysts’ expectations 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. As a group, equities research analysts anticipate that Penguin Solutions, Inc. will post 1.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Penguin Solutions by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 6,592,564 shares of the company’s stock valued at $173,253,000 after acquiring an additional 25,804 shares during the last quarter. State Street Corp raised its stake in Penguin Solutions by 3.2% during the fourth quarter. State Street Corp now owns 2,957,938 shares of the company’s stock worth $57,857,000 after purchasing an additional 91,805 shares during the period. Dimensional Fund Advisors LP raised its stake in Penguin Solutions by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,388,748 shares of the company’s stock worth $46,726,000 after purchasing an additional 95,585 shares during the period. Invesco Ltd. boosted its holdings in Penguin Solutions by 596.8% in the 4th quarter. Invesco Ltd. now owns 1,992,415 shares of the company’s stock valued at $38,972,000 after purchasing an additional 1,706,482 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Penguin Solutions by 35.3% in the 3rd quarter. American Century Companies Inc. now owns 1,294,279 shares of the company’s stock valued at $34,014,000 after purchasing an additional 337,564 shares during the last quarter.

Analysts Set New Price Targets

PENG has been the topic of a number of research reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $30.00 price target on shares of Penguin Solutions in a research note on Tuesday, February 3rd. The Goldman Sachs Group assumed coverage on Penguin Solutions in a research note on Tuesday, January 13th. They set a “buy” rating and a $25.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of Penguin Solutions in a report on Tuesday, February 3rd. Wall Street Zen upgraded Penguin Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Weiss Ratings lowered Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 11th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.00.

Penguin Solutions Company Profile

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.