Key Points
- SVP Joseph Gates Clark sold 12,546 shares at an average price of $22.55 for $282,912.30 on April 9 under a pre-arranged Rule 10b5-1 plan, reducing his holding by 11.17% to 99,726 shares (SEC filing available).
- Penguin beat estimates for the quarter with $0.52 EPS vs. $0.43 expected and $343M revenue vs. $339M expected, and the stock trades within a one-year range of $15.40–$29.80.
- Institutions have been accumulating shares, notably Invesco adding about 1.7 million shares and Ophir adding ~849k shares, while analysts maintain a consensus "Moderate Buy" with an average price target of $27.29.
Penguin Solutions, Inc. (NASDAQ:PENG - Get Free Report) SVP Joseph Gates Clark sold 12,546 shares of the firm's stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $22.55, for a total transaction of $282,912.30. Following the completion of the sale, the senior vice president owned 99,726 shares of the company's stock, valued at $2,248,821.30. This trade represents a 11.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Joseph Gates Clark also recently made the following trade(s):
- On Tuesday, February 10th, Joseph Gates Clark sold 1,346 shares of Penguin Solutions stock. The stock was sold at an average price of $19.03, for a total transaction of $25,614.38.
Penguin Solutions Stock Up 0.7%
PENG stock opened at $23.02 on Friday. Penguin Solutions, Inc. has a one year low of $15.40 and a one year high of $29.80. The stock has a market capitalization of $1.17 billion, a PE ratio of 31.97 and a beta of 2.23. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.55 and a current ratio of 2.10. The company has a fifty day moving average of $18.99 and a 200-day moving average of $20.55.
Penguin Solutions (NASDAQ:PENG - Get Free Report) last released its earnings results on Wednesday, April 1st. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.43 by $0.09. Penguin Solutions had a net margin of 4.07% and a return on equity of 19.94%. The company had revenue of $343.00 million during the quarter, compared to analysts' expectations of $339.00 million. As a group, analysts expect that Penguin Solutions, Inc. will post 1.05 EPS for the current year.
Hedge Funds Weigh In On Penguin Solutions
A number of large investors have recently made changes to their positions in the stock. Hsbc Holdings PLC increased its holdings in Penguin Solutions by 8.0% during the 4th quarter. Hsbc Holdings PLC now owns 211,373 shares of the company's stock valued at $4,170,000 after acquiring an additional 15,567 shares in the last quarter. Invesco Ltd. increased its holdings in Penguin Solutions by 596.8% during the 4th quarter. Invesco Ltd. now owns 1,992,415 shares of the company's stock valued at $38,972,000 after acquiring an additional 1,706,482 shares in the last quarter. Twinbeech Capital LP increased its holdings in Penguin Solutions by 324.5% during the 4th quarter. Twinbeech Capital LP now owns 43,200 shares of the company's stock valued at $845,000 after acquiring an additional 33,023 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Penguin Solutions during the 4th quarter valued at about $1,017,000. Finally, Ophir Asset Management Pty Ltd increased its holdings in Penguin Solutions by 234.3% during the 4th quarter. Ophir Asset Management Pty Ltd now owns 1,211,612 shares of the company's stock valued at $23,699,000 after acquiring an additional 849,178 shares in the last quarter.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on PENG shares. Zacks Research upgraded shares of Penguin Solutions from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Stifel Nicolaus cut their price target on shares of Penguin Solutions from $27.00 to $24.00 and set a "buy" rating for the company in a report on Thursday, April 2nd. Wall Street Zen upgraded shares of Penguin Solutions from a "hold" rating to a "buy" rating in a report on Saturday, February 21st. Weiss Ratings upgraded shares of Penguin Solutions from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday. Finally, The Goldman Sachs Group started coverage on shares of Penguin Solutions in a report on Tuesday, January 13th. They issued a "buy" rating and a $25.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $27.29.
Check Out Our Latest Analysis on PENG
Penguin Solutions Company Profile
(
Get Free Report)
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.
Further Reading
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