Key Points
- Penguin Solutions SVP Joseph Gates Clark sold 5,000 shares on May 8 at an average price of $39.99, totaling about $199,950. The sale was made under a pre-arranged Rule 10b5-1 plan, and Clark’s ownership fell by 6.11% to 76,776 shares.
- The stock has been volatile but recently moved higher, opening at $44.13 and trading near its 52-week high of $46.75. The company’s market cap is about $2.24 billion.
- Penguin Solutions recently topped quarterly expectations, reporting EPS of $0.52 versus the $0.43 consensus and revenue of $343 million versus $339 million expected. Analysts currently rate the stock a Moderate Buy with a consensus price target of $27.25.
Penguin Solutions, Inc. (NASDAQ:PENG - Get Free Report) SVP Joseph Gates Clark sold 5,000 shares of the company's stock in a transaction on Friday, May 8th. The stock was sold at an average price of $39.99, for a total transaction of $199,950.00. Following the completion of the transaction, the senior vice president owned 76,776 shares of the company's stock, valued at $3,070,272.24. This trade represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 stock was sold at an average price of $29.75, for a total transaction of $148,750.00.
- On Thursday, April 23rd, Joseph Gates Clark sold 1,485 shares of Penguin Solutions stock. The stock was sold at an average price of $27.62, for a total transaction of $41,015.70.
- 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.
Penguin Solutions Trading Up 1.4%
Shares of NASDAQ PENG opened at $44.13 on Wednesday. Penguin Solutions, Inc. has a 1 year low of $16.04 and a 1 year high of $46.75. The stock has a market cap of $2.24 billion, a P/E ratio of 61.29 and a beta of 2.66. The firm has a 50-day moving average of $23.98 and a 200 day moving average of $21.49. 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 results on Wednesday, April 1st. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, sell-side analysts expect that Penguin Solutions, Inc. will post 1.66 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on PENG. Rosenblatt Securities reissued a "buy" rating and set a $30.00 price target on shares of Penguin Solutions in a research report on Monday, March 30th. Barclays downgraded 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. Weiss Ratings raised shares of Penguin Solutions from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, April 6th. Zacks Research raised shares of Penguin Solutions from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 7th. Finally, The Goldman Sachs Group began 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 on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Penguin Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $27.25.
Read Our Latest Stock Report on Penguin Solutions
Institutional Trading of Penguin Solutions
Several institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in shares of Penguin Solutions by 187.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,452 shares of the company's stock valued at $28,000 after acquiring an additional 946 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Penguin Solutions during the 4th quarter valued at about $29,000. Strs Ohio purchased a new stake in shares of Penguin Solutions during the 3rd quarter valued at about $42,000. Jones Financial Companies Lllp boosted its holdings in shares of Penguin Solutions by 4,131.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company's stock valued at $45,000 after acquiring an additional 1,694 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Penguin Solutions by 41.4% during the 3rd quarter. Allworth Financial LP now owns 1,792 shares of the company's stock valued at $47,000 after acquiring an additional 525 shares during the last quarter.
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.
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