Key Points
- Penguin Solutions SVP Anne Kuykendall sold 738 shares at an average price of $55.08, generating $40,649.04. The sale, made under a pre-arranged Rule 10b5-1 plan, covered tax obligations tied to vested equity awards.
- Following the transaction, Kuykendall retained 141,988 shares valued at approximately $7.82 million. Penguin Solutions shares opened at $51.91, with a 52-week range of $16.04 to $89.86 and a market capitalization of about $3.13 billion.
- The company recently exceeded quarterly expectations, reporting adjusted earnings of $1.00 per share versus the $0.77 consensus and revenue of $566.68 million versus $520.99 million expected. Analysts maintain a “Moderate Buy” consensus with an average price target of $87.50.
Penguin Solutions, Inc. (NASDAQ:PENG - Get Free Report) SVP Anne Kuykendall sold 738 shares of the company's stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $55.08, for a total transaction of $40,649.04. Following the transaction, the senior vice president owned 141,988 shares in the company, valued at $7,820,699.04. This represents a 0.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Anne Kuykendall also recently made the following trade(s):
- On Monday, August 24th, Anne Kuykendall sold 4,000 shares of Penguin Solutions stock. The shares were sold at an average price of $50.58, for a total transaction of $202,320.00.
Penguin Solutions Stock Performance
Shares of NASDAQ PENG opened at $51.91 on Friday. The firm's 50-day moving average price is $56.25 and its 200-day moving average price is $53.59. Penguin Solutions, Inc. has a 52-week low of $16.04 and a 52-week high of $89.86. The company has a market cap of $3.13 billion, a PE ratio of 20.04, a PEG ratio of 0.69 and a beta of 2.86. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 1.37.
Penguin Solutions (NASDAQ:PENG - Get Free Report) last released its quarterly earnings data on Tuesday, October 6th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.23. Penguin Solutions had a net margin of 10.43% and a return on equity of 36.71%. The firm had revenue of $566.68 million during the quarter, compared to analysts' expectations of $520.99 million. During the same period in the previous year, the company earned $0.11 earnings per share. Penguin Solutions has set its FY 2027 guidance at 3.750-5.15 EPS. As a group, analysts anticipate that Penguin Solutions, Inc. will post 4.05 EPS for the current year.
Hedge Funds Weigh In On Penguin Solutions
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sterling Capital Management LLC boosted its holdings in shares of Penguin Solutions by 838.4% in the third quarter. Sterling Capital Management LLC now owns 1,661 shares of the company's stock worth $91,000 after buying an additional 1,484 shares during the last quarter. Yousif Capital Management LLC grew its position in Penguin Solutions by 4.4% during the third quarter. Yousif Capital Management LLC now owns 12,935 shares of the company's stock valued at $707,000 after buying an additional 546 shares during the period. SBI Securities Co. Ltd. grew its position in Penguin Solutions by 56.5% during the third quarter. SBI Securities Co. Ltd. now owns 2,294 shares of the company's stock valued at $125,000 after buying an additional 828 shares during the period. Revisor Wealth Management LLC increased its holdings in Penguin Solutions by 23.6% during the third quarter. Revisor Wealth Management LLC now owns 3,588 shares of the company's stock valued at $200,000 after buying an additional 686 shares during the last quarter. Finally, GK Wealth Management LLC purchased a new stake in Penguin Solutions during the third quarter valued at approximately $101,000.
Analysts Set New Price Targets
A number of brokerages have weighed in on PENG. The Goldman Sachs Group reiterated a "buy" rating and set a $85.00 target price on shares of Penguin Solutions in a research note on Wednesday, October 7th. Barclays raised their price target on Penguin Solutions from $40.00 to $60.00 and gave the stock an "underweight" rating in a research note on Wednesday, October 7th. Weiss Ratings raised Penguin Solutions from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, October 16th. Citigroup reaffirmed an "outperform" rating on shares of Penguin Solutions in a report on Wednesday, July 8th. Finally, Needham & Company LLC upped their price objective on Penguin Solutions from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $87.50.
Check Out Our Latest Stock Report on PENG
Penguin Solutions Company Profile
(
Get Free Report)
Penguin Solutions, Inc provides technology products and services for data center, cloud, artificial intelligence, high-performance computing, edge computing and embedded applications. The company designs and delivers memory products, computing platforms and integrated infrastructure intended to help organizations manage demanding workloads and deploy specialized technology environments.
Its offerings include memory modules and other memory-related products, high-performance computing systems, servers, storage and networking solutions, and software and services for infrastructure management.
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