Key Points
- Penguin Solutions director Maximiliane Straub sold 3,000 shares on May 14 at an average price of $49.00, totaling about $147,000. After the sale, Straub still held 51,975 shares, and the transaction reduced the position by 5.46%.
- The stock has been trading near its recent highs, opening at $45.71 with a 52-week range of $16.04 to $53.27. The company currently has a market value of about $2.32 billion and a relatively high P/E ratio of 63.49.
- Penguin Solutions recently beat quarterly expectations, reporting EPS of $0.52 versus the $0.43 consensus and revenue of $343 million versus $339 million expected. Analysts now forecast full-year earnings of $1.66 per share, and the stock carries a consensus rating of “Moderate Buy.”
Penguin Solutions, Inc. (NASDAQ:PENG - Get Free Report) Director Maximiliane Straub sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $49.00, for a total transaction of $147,000.00. Following the completion of the sale, the director owned 51,975 shares in the company, valued at $2,546,775. The trade was a 5.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Penguin Solutions Price Performance
Shares of NASDAQ:PENG opened at $45.71 on Tuesday. The firm's 50 day moving average is $26.24 and its two-hundred day moving average is $22.20. Penguin Solutions, Inc. has a 52 week low of $16.04 and a 52 week high of $53.27. The firm has a market capitalization of $2.32 billion, a P/E ratio of 63.49 and a beta of 2.66. The company has a current ratio of 2.10, a quick ratio of 1.55 and a debt-to-equity ratio of 1.09.
Penguin Solutions (NASDAQ:PENG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 1st. The company reported $0.52 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $339.00 million. Analysts anticipate that Penguin Solutions, Inc. will post 1.66 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several brokerages have commented on PENG. Rosenblatt Securities restated a "buy" rating and issued a $30.00 price target on shares of Penguin Solutions in a research note on Monday, March 30th. Weiss Ratings lowered shares of Penguin Solutions from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded shares of Penguin Solutions from a "hold" rating to a "buy" rating in a research note on Sunday. Barclays lowered shares of Penguin Solutions from an "overweight" rating to an "equal weight" rating and raised their price target for the company from $23.00 to $27.00 in a research note on Wednesday, April 22nd. Finally, Zacks Research upgraded shares of Penguin Solutions from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $27.25.
Get Our Latest Report on PENG
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Kennedy Capital Management LLC boosted its holdings in shares of Penguin Solutions by 31.9% in the third quarter. Kennedy Capital Management LLC now owns 992,168 shares of the company's stock valued at $26,074,000 after acquiring an additional 240,159 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Penguin Solutions by 98.3% in the fourth quarter. State of Alaska Department of Revenue now owns 47,576 shares of the company's stock valued at $930,000 after acquiring an additional 23,582 shares in the last quarter. Barclays PLC boosted its holdings in shares of Penguin Solutions by 46.9% in the third quarter. Barclays PLC now owns 1,055,189 shares of the company's stock valued at $27,730,000 after acquiring an additional 336,644 shares in the last quarter. American Century Companies Inc. boosted its holdings 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 valued at $34,014,000 after acquiring an additional 337,564 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in shares of Penguin Solutions by 337.6% in the third quarter. LSV Asset Management now owns 569,368 shares of the company's stock valued at $14,963,000 after acquiring an additional 439,268 shares in the last quarter.
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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