Penguin Solutions, Inc. (NASDAQ:PENG - Get Free Report) SVP Joseph Gates Clark sold 1,485 shares of the business's stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $27.62, for a total transaction of $41,015.70. Following the transaction, the senior vice president directly owned 91,776 shares of the company's stock, valued at $2,534,853.12. The trade was a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Joseph Gates Clark also recently made the following trade(s):
- On Friday, April 24th, Joseph Gates Clark sold 5,000 shares of Penguin Solutions stock. The shares were sold at an average price of $29.75, for a total transaction of $148,750.00.
- On Thursday, April 16th, Joseph Gates Clark sold 5,000 shares of Penguin Solutions stock. The shares were sold at an average price of $26.82, for a total transaction of $134,100.00.
- On Thursday, April 9th, Joseph Gates Clark sold 12,546 shares of Penguin Solutions stock. The shares were sold at an average price of $22.55, for a total transaction of $282,912.30.
- 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 Performance
Shares of NASDAQ PENG opened at $29.05 on Tuesday. The firm has a fifty day moving average price of $20.87 and a 200-day moving average price of $20.54. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.10 and a quick ratio of 1.55. The stock has a market cap of $1.47 billion, a PE ratio of 40.35 and a beta of 2.23. Penguin Solutions, Inc. has a 1 year low of $16.04 and a 1 year high of $31.30.
Penguin Solutions (NASDAQ:PENG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 1st. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.09. The firm had revenue of $343.00 million during the quarter, compared to analysts' expectations of $339.00 million. Penguin Solutions had a net margin of 4.07% and a return on equity of 19.94%. Equities analysts anticipate that Penguin Solutions, Inc. will post 1.66 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Rosenblatt Securities restated a "buy" rating and set a $30.00 target price on shares of Penguin Solutions in a research report on Monday, March 30th. Barclays lowered shares of Penguin Solutions from an "overweight" rating to an "equal weight" rating and increased their price objective for the company from $23.00 to $27.00 in a research report on Wednesday, April 22nd. Wall Street Zen upgraded shares of Penguin Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, February 21st. The Goldman Sachs Group assumed coverage on shares of Penguin Solutions in a research report on Tuesday, January 13th. They set a "buy" rating and a $25.00 price objective for the company. Finally, Needham & Company LLC increased their price objective on shares of Penguin Solutions from $25.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $27.25.
Get Our Latest Stock Report on Penguin Solutions
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its stake in Penguin Solutions by 187.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,452 shares of the company's stock worth $28,000 after buying an additional 946 shares during the period. Kestra Advisory Services LLC purchased a new position in Penguin Solutions in the 4th quarter worth about $29,000. Strs Ohio purchased a new position in Penguin Solutions in the 3rd quarter worth about $42,000. Jones Financial Companies Lllp increased its stake in Penguin Solutions by 4,131.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company's stock worth $45,000 after buying an additional 1,694 shares during the period. Finally, Allworth Financial LP increased its stake in Penguin Solutions by 41.4% in the 3rd quarter. Allworth Financial LP now owns 1,792 shares of the company's stock worth $47,000 after buying an additional 525 shares during the period.
About Penguin Solutions
(
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.
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