Key Points
- Penguin Solutions SVP Joseph Gates Clark sold 869 shares at an average price of $51.52, generating $44,770.88. The transaction, conducted under a Rule 10b5-1 plan, reduced his holdings by 1% to 85,853 shares.
- Penguin Solutions reported quarterly EPS of $1.00, beating analyst estimates of $0.77, while revenue of $566.68 million also exceeded expectations. Analysts project current-year EPS of $4.05.
- Investor sentiment remains broadly positive: the stock carries a “Moderate Buy” consensus rating and an average price target of $87.50, despite shares opening at $54.92 and trading within a wide $16.04–$89.86 one-year range.
Penguin Solutions, Inc. (NASDAQ:PENG - Get Free Report) SVP Joseph Clark sold 869 shares of the business's stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $51.52, for a total transaction of $44,770.88. Following the sale, the senior vice president owned 85,853 shares in the company, valued at $4,423,146.56. This trade represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Penguin Solutions Stock Up 2.8%
Shares of PENG opened at $54.92 on Tuesday. The company's 50-day simple moving average is $56.10 and its 200-day simple moving average is $43.11. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.25 and a current ratio of 1.88. Penguin Solutions, Inc. has a 1 year low of $16.04 and a 1 year high of $89.86. The stock has a market capitalization of $3.31 billion, a PE ratio of 21.20, a P/E/G ratio of 0.63 and a beta of 2.86.
Penguin Solutions (NASDAQ:PENG - Get Free Report) last announced its quarterly earnings data on Tuesday, October 6th. The company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the business posted $0.11 earnings per share. Penguin Solutions has set its FY 2027 guidance at 3.750-5.15 EPS. Analysts forecast that Penguin Solutions, Inc. will post 4.05 earnings per share for the current fiscal 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 stock. Global Retirement Partners LLC purchased a new stake in shares of Penguin Solutions during the second quarter worth approximately $26,000. Allworth Financial LP acquired a new stake in Penguin Solutions in the second quarter valued at approximately $37,000. Nykredit A S purchased a new position in Penguin Solutions in the second quarter worth approximately $42,000. Polaris Financial Partners purchased a new position in Penguin Solutions in the third quarter worth approximately $50,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Penguin Solutions in the second quarter worth approximately $74,000.
Analysts Set New Price Targets
PENG has been the subject of several recent research reports. Zacks Research raised shares of Penguin Solutions from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 9th. Citizens Jmp upped their price objective on Penguin Solutions from $65.00 to $85.00 and gave the stock a "market outperform" rating in a research report on Wednesday, July 8th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $85.00 price objective on shares of Penguin Solutions in a research report on Wednesday, October 7th. Wall Street Zen cut Penguin Solutions from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Finally, Bank of America started coverage on Penguin Solutions in a research note on Friday, October 9th. They issued a "buy" rating and a $100.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Penguin Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $87.50.
Check Out Our Latest Report on PENG
About Penguin Solutions
(
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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