Key Points
- SVP Anne Kuykendall sold 738 shares on April 22 at an average price of $27.92 under a pre‑arranged Rule 10b5‑1 plan to cover tax withholding from vested equity, trimming her stake by 0.57% to 128,794 shares (≈$3.6M).
- Penguin Solutions posted an EPS beat ($0.52 vs. $0.43) and $343M in revenue for the quarter, trades near its 1‑year high with a $1.4B market cap, and holds an average analyst rating of Moderate Buy with a $27.25 price target.
Penguin Solutions, Inc. (NASDAQ:PENG - Get Free Report) SVP Anne Kuykendall sold 738 shares of the firm's stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $27.92, for a total value of $20,604.96. Following the sale, the senior vice president directly owned 128,794 shares in the company, valued at approximately $3,595,928.48. The trade was a 0.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Anne Kuykendall also recently made the following trade(s):
- On Monday, March 16th, Anne Kuykendall sold 4,000 shares of Penguin Solutions stock. The shares were sold at an average price of $17.75, for a total value of $71,000.00.
Penguin Solutions Price Performance
Shares of PENG stock opened at $27.58 on Thursday. Penguin Solutions, Inc. has a 1-year low of $16.04 and a 1-year high of $29.80. The stock's 50-day moving average is $20.28 and its 200 day moving average is $20.49. The company has a market cap of $1.40 billion, a P/E ratio of 38.31 and a beta of 2.23. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.10 and a quick ratio of 1.55.
Penguin Solutions (NASDAQ:PENG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 1st. The company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.09. Penguin Solutions had a return on equity of 19.94% and a net margin of 4.07%.The company had revenue of $343.00 million for the quarter, compared to the consensus estimate of $339.00 million. Research analysts predict that Penguin Solutions, Inc. will post 1.66 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Penguin Solutions
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Penguin Solutions by 0.4% in the third quarter. Vanguard Group Inc. now owns 6,592,564 shares of the company's stock valued at $173,253,000 after buying an additional 25,804 shares during the last quarter. State Street Corp raised its stake in Penguin Solutions by 3.2% in the fourth quarter. State Street Corp now owns 2,957,938 shares of the company's stock valued at $57,857,000 after buying an additional 91,805 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Penguin Solutions by 4.2% in 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 last quarter. Invesco Ltd. raised its stake in shares of Penguin Solutions by 596.8% in the fourth quarter. Invesco Ltd. now owns 1,992,415 shares of the company's stock worth $38,972,000 after purchasing an additional 1,706,482 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Penguin Solutions by 35.3% in the third quarter. American Century Companies Inc. now owns 1,294,279 shares of the company's stock worth $34,014,000 after purchasing an additional 337,564 shares during the last quarter.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. Barclays cut Penguin Solutions from an "overweight" rating to an "equal weight" rating and increased their price target for the company from $23.00 to $27.00 in a research note on Wednesday. Stifel Nicolaus decreased their price target on Penguin Solutions from $27.00 to $24.00 and set a "buy" rating for the company in a research note on Thursday, April 2nd. Wall Street Zen upgraded Penguin Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, February 21st. The Goldman Sachs Group assumed coverage on Penguin Solutions in a research note on Tuesday, January 13th. They issued a "buy" rating and a $25.00 price target for the company. Finally, Weiss Ratings upgraded Penguin Solutions from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Penguin Solutions presently has an average rating of "Moderate Buy" and an average price target of $27.25.
View Our Latest Research Report on Penguin Solutions
About Penguin Solutions
(
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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.
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