Joseph Gates Clark Sells 10,351 Shares of Penguin Solutions (NASDAQ:PENG) Stock

June 3, 2026 by InsiderTrades.com

Key Points

Penguin Solutions SVP Joseph Gates Clark sold 10,351 shares on June 1 at an average price of $58.87, worth about $609,363. The sale reduced his holdings by 13.48% and was made under a pre-arranged 10b5-1 plan.
The company has recently raised its outlook, now expecting FY2026 EPS of $2.30 and revenue of about $1.6 billion, both above consensus estimates. Management also said business trends remain strong enough to reach the high end of prior guidance.
Analyst sentiment remains broadly positive, with Rosenblatt lifting its price target to $65 and reiterating a Buy rating. MarketBeat data shows an overall Moderate Buy consensus, though the stock has already had a sharp run-up.

Penguin Solutions, Inc. (NASDAQ:PENG - Get Free Report) SVP Joseph Gates Clark sold 10,351 shares of Penguin Solutions stock in a transaction on Monday, June 1st. The stock was sold at an average price of $58.87, for a total value of $609,363.37. Following the sale, the senior vice president owned 66,425 shares of the company's stock, valued at approximately $3,910,439.75. This trade represents a 13.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Penguin Solutions Gains Traction: Is Now the Time to Buy?

Joseph Gates Clark also recently made the following trade(s):

On Friday, May 8th, Joseph Gates Clark sold 5,000 shares of Penguin Solutions stock. The stock was sold at an average price of $39.99, for a total value of $199,950.00.
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 value 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 value of $41,015.70.
On Thursday, April 16th, Joseph Gates Clark sold 5,000 shares of Penguin Solutions stock. The stock was sold at an average price of $26.82, for a total value of $134,100.00.
On Thursday, April 9th, Joseph Gates Clark sold 12,546 shares of Penguin Solutions stock. The stock was sold at an average price of $22.55, for a total value of $282,912.30.

Penguin Solutions Stock Up 18.3%

NASDAQ:PENG opened at $70.65 on Wednesday. Penguin Solutions, Inc. has a twelve month low of $16.04 and a twelve month high of $73.24. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 98.13 and a beta of 2.89. The stock has a fifty day simple moving average of $33.21 and a 200-day simple moving average of $24.37. 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: The Deep-Value AI Play You’ve Been Looking For

Penguin Solutions (NASDAQ:PENG - Get Free Report) last released its earnings results on Wednesday, April 1st. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.09. Penguin Solutions had a return on equity of 19.94% and a net margin of 4.07%.The business had revenue of $343.00 million during the quarter, compared to the consensus estimate of $339.00 million. Analysts anticipate that Penguin Solutions, Inc. will post 1.66 EPS for the current year.

Analyst Upgrades and Downgrades

PENG has been the subject of several research analyst reports. Weiss Ratings downgraded Penguin Solutions from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, May 13th. Rosenblatt Securities lifted their price objective on Penguin Solutions from $54.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday. Barclays downgraded Penguin Solutions from an "overweight" rating to an "equal weight" rating and lifted their price objective for the company from $23.00 to $27.00 in a report on Wednesday, April 22nd. Stifel Nicolaus lifted their price objective on Penguin Solutions from $24.00 to $66.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Wall Street Zen upgraded Penguin Solutions from a "hold" rating to a "buy" rating in a report on Sunday, May 17th. One 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 company's stock. Based on data from MarketBeat.com, Penguin Solutions has an average rating of "Moderate Buy" and a consensus target price of $36.88.

Why Penguin Solutions Could Be the AI Sleeper Stock of 2025

Read Our Latest Report on PENG

Key Stories Impacting Penguin Solutions

Here are the key news stories impacting Penguin Solutions this week:

Positive Sentiment: Penguin Solutions lifted FY2026 guidance, now expecting EPS of $2.30 and revenue of about $1.6 billion, both above consensus estimates. MarketWatch: Penguin Solutions Names Johnson Interim CFO; Boosts FY Outlook
Positive Sentiment: The company said business trends remain strong enough that it expects to land at the high end of its prior outlook, which fueled fresh buying and helped push the stock to new highs. Seeking Alpha: Penguin soars as company expects to hit high end of guidance; announces CFO transition
Positive Sentiment: Rosenblatt raised its price target on PENG from $54 to $65 and reiterated a Buy rating, adding to the bullish tone around the stock. Benzinga report on Rosenblatt price target raise
Neutral Sentiment: The company named Aaron Johnson interim CFO after Nate Olmstead said he will step down in July; management said the move was not due to disagreements, which helped limit concerns about the transition. Business Wire: Penguin Solutions Announces CFO Transition
Neutral Sentiment: One insider sale was disclosed by SVP Joseph Gates Clark, who sold shares under a pre-arranged 10b5-1 plan; while not necessarily a negative signal, insider selling can still get investor attention. SEC Form 4 filing
Negative Sentiment: Some commentary suggests the stock has already had a very strong run, with valuation and recent gains making further upside less certain for some investors. Zacks: PENG Soars 215% in 3 Months

Institutional Trading of Penguin Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the company. William Blair Investment Management LLC bought a new position in Penguin Solutions in the fourth quarter worth about $18,290,000. Fisher Asset Management LLC bought a new position in Penguin Solutions in the fourth quarter worth about $716,000. Kennedy Capital Management LLC raised its holdings in Penguin Solutions by 31.9% in the third quarter. Kennedy Capital Management LLC now owns 992,168 shares of the company's stock worth $26,074,000 after purchasing an additional 240,159 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in 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 worth $930,000 after purchasing an additional 23,582 shares in the last quarter. Finally, Barclays PLC raised its holdings in Penguin Solutions by 46.9% in the third quarter. Barclays PLC now owns 1,055,189 shares of the company's stock worth $27,730,000 after purchasing an additional 336,644 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.