Key Points
- Penguin Solutions SVP Anne Kuykendall sold 4,000 shares on May 26 at an average price of $54.45, bringing in $217,800. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Kuykendall still held 124,794 shares valued at about $6.8 million, reflecting a 3.11% decrease in her position. She had also sold shares in April and March.
- The stock was trading near its 52-week high and recently posted better-than-expected quarterly results, with earnings and revenue both topping analyst estimates. Analysts currently rate PENG as a Moderate Buy.
Penguin Solutions, Inc. (NASDAQ:PENG - Get Free Report) SVP Anne Kuykendall sold 4,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $54.45, for a total value of $217,800.00. Following the completion of the transaction, the senior vice president owned 124,794 shares in the company, valued at $6,795,033.30. This represents a 3.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Anne Kuykendall also recently made the following trade(s):
- On Wednesday, April 22nd, Anne Kuykendall sold 738 shares of Penguin Solutions stock. The stock was sold at an average price of $27.92, for a total value of $20,604.96.
- On Monday, March 16th, Anne Kuykendall sold 4,000 shares of Penguin Solutions stock. The stock was sold at an average price of $17.75, for a total value of $71,000.00.
Penguin Solutions Trading Down 0.7%
NASDAQ:PENG opened at $54.07 on Friday. The stock's 50 day moving average price is $31.60 and its 200 day moving average price is $23.86. Penguin Solutions, Inc. has a 52 week low of $16.04 and a 52 week high of $55.65. The company has a market capitalization of $2.74 billion, a P/E ratio of 75.10 and a beta of 2.66. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.55 and a current ratio of 2.10.
Penguin Solutions (NASDAQ:PENG - Get Free Report) last released its quarterly earnings data on Wednesday, April 1st. The company reported $0.52 EPS for the quarter, topping 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 firm had revenue of $343.00 million for the quarter, compared to the consensus estimate of $339.00 million. On average, research analysts forecast that Penguin Solutions, Inc. will post 1.66 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on PENG shares. Zacks Research upgraded Penguin Solutions from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 7th. Rosenblatt Securities reaffirmed a "buy" rating and set a $30.00 target price on shares of Penguin Solutions in a research report on Monday, March 30th. Needham & Company LLC upped their target price on Penguin Solutions from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, April 2nd. Weiss Ratings cut Penguin Solutions from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen raised Penguin Solutions from a "hold" rating to a "buy" rating in a research report on Sunday, May 17th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $27.25.
View Our Latest Analysis on Penguin Solutions
Institutional Investors Weigh In On Penguin Solutions
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Penguin Solutions by 0.4% during the third quarter. Vanguard Group Inc. now owns 6,592,564 shares of the company's stock worth $173,253,000 after purchasing an additional 25,804 shares during the period. State Street Corp boosted its position in shares of 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 acquiring an additional 91,805 shares during the period. Dimensional Fund Advisors LP grew 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 acquiring an additional 95,585 shares during the last quarter. Invesco Ltd. grew 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 acquiring an additional 1,706,482 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY grew its stake in shares of Penguin Solutions by 73.8% in the first quarter. Paradigm Capital Management Inc. NY now owns 1,605,100 shares of the company's stock worth $28,250,000 after acquiring an additional 681,700 shares during 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.
Further Reading
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