Penguin Solutions (NASDAQ:PENG) SVP Sells 5,773 Shares of Company Stock

November 5, 2026 by InsiderTrades.com

Key Points

SVP Joseph Clark sold 5,773 shares at an average price of $49.66, worth about $286,687, reducing his holdings by 6.72% to 80,080 shares. The sale was made under a pre-arranged Rule 10b5-1 plan.
Penguin Solutions reported quarterly earnings of $1.00 per share, topping the $0.77 analyst consensus, and revenue of $566.68 million, above estimates of $520.99 million.
The stock was down 9.1% in the article’s report, while analysts’ consensus rating was Moderate Buy with an average price target of $87.50.

Penguin Solutions, Inc. (NASDAQ:PENG - Get Free Report) SVP Joseph Clark sold 5,773 shares of Penguin Solutions stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $49.66, for a total value of $286,687.18. Following the completion of the sale, the senior vice president directly owned 80,080 shares in the company, valued at approximately $3,976,772.80. The trade was a 6.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Penguin Solutions Is Soaring as AI Memory Demand Explodes

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

On Friday, October 23rd, Joseph Clark sold 869 shares of Penguin Solutions stock. The stock was sold at an average price of $51.52, for a total value of $44,770.88.

Penguin Solutions Stock Down 9.1%

Shares of PENG opened at $48.35 on Thursday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.88 and a quick ratio of 1.25. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 0.63 and a beta of 2.87. Penguin Solutions, Inc. has a 1 year low of $16.04 and a 1 year high of $89.86. The business's 50 day simple moving average is $56.11 and its 200-day simple moving average is $44.32.

These 3 AI Stocks Sold Off Hard—Even as Their Outlooks Improved

Penguin Solutions (NASDAQ:PENG - Get Free Report) last posted its earnings results 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 analyst estimates of $520.99 million. During the same period last year, the firm posted $0.11 earnings per share. Penguin Solutions has set its FY 2027 guidance at 3.750-5.15 EPS. As a group, equities analysts expect that Penguin Solutions, Inc. will post 4.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Penguin Solutions

Large investors have recently modified their holdings of the stock. Maverick Capital Ltd. bought a new stake in Penguin Solutions in the first quarter worth $771,000. California State Teachers Retirement System boosted its stake in Penguin Solutions by 52.8% during the first quarter. California State Teachers Retirement System now owns 74,580 shares of the company's stock worth $1,313,000 after buying an additional 25,763 shares during the period. Bank of America Corp DE purchased a new position in Penguin Solutions during the second quarter worth $8,777,000. Pacer Advisors Inc. increased its position in Penguin Solutions by 34.0% during the first quarter. Pacer Advisors Inc. now owns 261,776 shares of the company's stock valued at $4,607,000 after acquiring an additional 66,460 shares during the last quarter. Finally, First Trust Advisors LP increased its position in Penguin Solutions by 241.3% during the first quarter. First Trust Advisors LP now owns 49,067 shares of the company's stock valued at $864,000 after acquiring an additional 34,691 shares during the last quarter.

Analyst Ratings Changes

Why Penguin Solutions May Be the Smartest AI Infrastructure Stock

A number of equities analysts have commented on the stock. Needham & Company LLC lifted their price objective on shares of Penguin Solutions from $80.00 to $85.00 and gave the stock a "buy" rating in a research note on Wednesday, October 7th. Wall Street Zen cut shares of Penguin Solutions from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 25th. Deutsche Bank Aktiengesellschaft set a $100.00 target price on shares of Penguin Solutions in a research report on Friday, October 9th. Barclays increased their price target on shares of Penguin Solutions from $40.00 to $60.00 and gave the company an "underweight" rating in a report on Wednesday, October 7th. Finally, Weiss Ratings upgraded Penguin Solutions from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Penguin Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $87.50.

Check Out Our Latest Analysis on PENG

Penguin Solutions News Summary

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

Positive Sentiment: SK Hynix reportedly acquired a 9.1% stake in Penguin Solutions, a significant investment that could strengthen the company’s position in the AI and memory ecosystem. Article: SK Hynix Takes a 9.1% Activist Stake in Penguin Solutions
Positive Sentiment: Penguin agreed to sell its Cree LED unit to Transom Capital, saying the divestiture will help it focus on AI growth. The strategic shift may sharpen its focus on its AI business, though the reported articles do not specify sale proceeds. Article: Penguin Solutions Announces Agreement to Sell Cree LED to Transom Capital Group
Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and set a $100 price target, signaling substantial potential upside in the analyst’s view. Article: Rosenblatt Securities rating information
Neutral Sentiment: The company plans to demonstrate its full-stack AI Factory platform at SC26, including infrastructure software, accelerated computing systems and memory technologies. The event provides visibility but does not itself establish near-term sales. Article: Penguin Solutions to Showcase Full-Stack AI Factory Platform Innovations at SC26
Negative Sentiment: A valuation commentary cautions that the shares trade at a low multiple and that upcoming results must demonstrate the durability of earnings—possibly weighing on confidence despite the recent reported beat. Article: Penguin Solutions “Sells at a Low Multiple.” Its Next Report Has to Prove the Earnings Behind It
Negative Sentiment: Senior Vice President Joseph Clark sold 5,773 shares, a 6.72% reduction in his holdings. The transaction was made under a pre-arranged Rule 10b5-1 plan, which may temper concerns about the timing. SEC filing: Form 4

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.