Short Interest in Penguin Solutions, Inc. (NASDAQ:PENG) Grows By 17.2%

Penguin Solutions, Inc. (NASDAQ:PENG) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 7,709,488 shares, a growth of 17.2% from the February 12th total of 6,580,785 shares. Currently, 15.1% of the company’s stock are sold short. Based on an average trading volume of 1,113,967 shares, the short-interest ratio is presently 6.9 days. Based on an average trading volume of 1,113,967 shares, the short-interest ratio is presently 6.9 days. Currently, 15.1% of the company’s stock are sold short.

Penguin Solutions Price Performance

Shares of NASDAQ PENG opened at $17.54 on Tuesday. The firm has a market cap of $921.90 million, a P/E ratio of 76.26 and a beta of 2.18. The business’s 50 day moving average is $19.32 and its 200-day moving average is $21.36. The company has a current ratio of 2.33, a quick ratio of 1.86 and a debt-to-equity ratio of 1.10. Penguin Solutions has a 1-year low of $14.20 and a 1-year high of $29.80.

Penguin Solutions (NASDAQ:PENG) last released its quarterly earnings results on Tuesday, January 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.08. Penguin Solutions had a return on equity of 16.01% and a net margin of 1.82%.The business had revenue of $343.07 million during the quarter, compared to the consensus estimate of $345.08 million. Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. Equities research analysts predict that Penguin Solutions will post 1.05 earnings per share for the current year.

Insider Buying and Selling at Penguin Solutions

In related news, SVP Joseph Gates Clark sold 1,346 shares of Penguin Solutions stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $19.03, for a total value of $25,614.38. Following the sale, the senior vice president owned 122,318 shares of the company’s stock, valued at approximately $2,327,711.54. The trade was a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Penguin Solutions

Several institutional investors and hedge funds have recently modified their holdings of the business. CWA Asset Management Group LLC boosted its holdings in Penguin Solutions by 115.0% in the 3rd quarter. CWA Asset Management Group LLC now owns 173,406 shares of the company’s stock valued at $4,557,000 after purchasing an additional 92,737 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Penguin Solutions during the second quarter worth approximately $937,000. P.A.W. Capital Corp increased its holdings in shares of Penguin Solutions by 4.4% during the second quarter. P.A.W. Capital Corp now owns 470,000 shares of the company’s stock worth $9,311,000 after purchasing an additional 20,000 shares during the period. Entropy Technologies LP acquired a new stake in shares of Penguin Solutions in the second quarter valued at approximately $370,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Penguin Solutions in the third quarter valued at approximately $3,920,000.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of Penguin Solutions in a research note on Tuesday, February 3rd. The Goldman Sachs Group assumed coverage on Penguin Solutions in a research note on Tuesday, January 13th. They set a “buy” rating and a $25.00 price objective on the stock. Weiss Ratings downgraded Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 11th. Wall Street Zen raised shares of Penguin Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, Rosenblatt Securities restated a “buy” rating and set a $30.00 target price on shares of Penguin Solutions in a report on Tuesday, February 3rd. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.00.

About Penguin Solutions

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.