Key Points
- Penguin Solutions SVP Anne Kuykendall sold 4,000 shares on June 15 at an average price of $64.38, totaling $257,520. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Kuykendall still owned 120,794 shares worth about $7.78 million, representing a 3.21% decrease in her position. She has also made additional stock sales in recent months.
- PENG shares were down 5.5% to $60.38 in Wednesday trading. The stock has swung widely over the past year, with a 12-month range of $16.04 to $73.24, while analysts currently rate it Moderate Buy with an average target price of $36.88.
Penguin Solutions, Inc. (NASDAQ:PENG - Get Free Report) SVP Anne Kuykendall sold 4,000 shares of the company's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $64.38, for a total transaction of $257,520.00. Following the sale, the senior vice president directly owned 120,794 shares of the company's stock, valued at $7,776,717.72. The trade was a 3.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Anne Kuykendall also recently made the following trade(s):
- On Tuesday, May 26th, Anne Kuykendall sold 4,000 shares of Penguin Solutions stock. The shares were sold at an average price of $54.45, for a total transaction of $217,800.00.
- On Wednesday, April 22nd, Anne Kuykendall sold 738 shares of Penguin Solutions stock. The shares were sold at an average price of $27.92, for a total transaction of $20,604.96.
Penguin Solutions Trading Down 5.5%
Shares of PENG opened at $60.38 on Wednesday. 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, Inc. has a 12-month low of $16.04 and a 12-month high of $73.24. The firm has a 50-day moving average price of $43.43 and a 200 day moving average price of $27.92. The firm has a market capitalization of $3.06 billion, a P/E ratio of 83.86 and a beta of 2.88.
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, 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 firm had revenue of $343.00 million during the quarter, compared to analyst estimates of $339.00 million. Sell-side analysts forecast that Penguin Solutions, Inc. will post 1.79 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of PENG. Farther Finance Advisors LLC boosted its stake in shares of Penguin Solutions by 187.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,452 shares of the company's stock valued at $28,000 after purchasing an additional 946 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of Penguin Solutions in the fourth quarter valued at approximately $29,000. Jones Financial Companies Lllp boosted its stake in shares of Penguin Solutions by 4,131.7% in the third quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company's stock valued at $45,000 after purchasing an additional 1,694 shares during the period. Allworth Financial LP boosted its stake in shares of Penguin Solutions by 41.4% in the third quarter. Allworth Financial LP now owns 1,792 shares of the company's stock valued at $47,000 after purchasing an additional 525 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Penguin Solutions in the second quarter valued at approximately $37,000.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on PENG shares. Rosenblatt Securities upped their price objective on shares of Penguin Solutions from $54.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, June 2nd. Zacks Research lowered shares of Penguin Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, June 1st. Barclays lowered shares of Penguin Solutions from an "overweight" rating to an "equal weight" rating and upped their price objective for the company from $23.00 to $27.00 in a report on Wednesday, April 22nd. Stifel Nicolaus increased their target price on shares of Penguin Solutions from $24.00 to $66.00 and gave the stock a "buy" rating in a research note on Tuesday, June 2nd. Finally, 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. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $36.88.
Get Our Latest Stock Analysis on Penguin Solutions
About Penguin Solutions
(
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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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