Key Points
- Insider sale: Senior Vice President Anthony George Frey sold 4,631 Penguin Solutions shares for approximately $272,812 under a pre-arranged Rule 10b5-1 trading plan, reducing his holdings by 5.61%.
- Strong quarterly results: Penguin Solutions reported $1.00 in quarterly EPS, beating estimates of $0.77, while revenue of $566.68 million exceeded the $520.99 million consensus forecast.
- Analyst outlook remains positive: The stock carries a “Moderate Buy” consensus rating with an average price target of $87.50, despite its recent opening price of $51.93 and a wide 12-month trading range.
Penguin Solutions, Inc. (NASDAQ:PENG - Get Free Report) SVP Anthony George Frey sold 4,631 shares of the stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $58.91, for a total transaction of $272,812.21. Following the completion of the transaction, the senior vice president owned 77,853 shares of the company's stock, valued at approximately $4,586,320.23. This represents a 5.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Penguin Solutions Stock Performance
NASDAQ PENG opened at $51.93 on Friday. Penguin Solutions, Inc. has a twelve month low of $16.04 and a twelve month high of $89.86. The stock has a market cap of $3.13 billion, a P/E ratio of 24.50, a PEG ratio of 0.69 and a beta of 2.86. The company's 50-day simple moving average is $56.20 and its 200 day simple moving average is $43.87. 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 issued its earnings results on Tuesday, October 6th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.23. Penguin Solutions had a return on equity of 36.71% and a net margin of 10.43%. The business had revenue of $566.68 million during the quarter, compared to analysts' expectations of $520.99 million. During the same period in the prior year, the firm posted $0.11 EPS. Penguin Solutions has set its FY 2027 guidance at 3.750-5.15 EPS. As a group, research analysts forecast that Penguin Solutions, Inc. will post 4.05 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its holdings in Penguin Solutions by 10.6% during the third quarter. Oregon Public Employees Retirement Fund now owns 11,525 shares of the company's stock valued at $630,000 after purchasing an additional 1,100 shares during the period. IPG Investment Advisors LLC increased its stake in Penguin Solutions by 118.1% in the third quarter. IPG Investment Advisors LLC now owns 6,352 shares of the company's stock valued at $347,000 after purchasing an additional 3,439 shares in the last quarter. Vise Technologies Inc. raised its holdings in Penguin Solutions by 71.8% in the third quarter. Vise Technologies Inc. now owns 8,480 shares of the company's stock worth $464,000 after purchasing an additional 3,545 shares during the period. Americana Partners LLC raised its holdings in Penguin Solutions by 64.3% in the third quarter. Americana Partners LLC now owns 24,142 shares of the company's stock worth $1,320,000 after purchasing an additional 9,450 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in shares of Penguin Solutions by 47.3% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 13,700 shares of the company's stock worth $749,000 after purchasing an additional 4,400 shares in the last quarter.
Wall Street Analysts Forecast Growth
PENG has been the topic of several research analyst reports. Bank of America initiated coverage on shares of Penguin Solutions in a research note on Friday, October 9th. They set a "buy" rating and a $100.00 price target on the stock. Barclays boosted their price objective on Penguin Solutions from $40.00 to $60.00 and gave the stock an "underweight" rating in a report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft set a $100.00 target price on shares of Penguin Solutions in a research report on Friday, October 9th. Stifel Nicolaus raised their target price on shares of Penguin Solutions from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Wednesday, October 7th. Finally, Citizens Jmp boosted their price target on shares of Penguin Solutions from $65.00 to $85.00 and gave the stock a "market outperform" rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $87.50.
Read Our Latest Stock Analysis 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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