Insider Selling: Penguin Solutions (NASDAQ:PENG) SVP Sells $71,000.00 in Stock

Penguin Solutions, Inc. (NASDAQ:PENG) SVP Anne Kuykendall sold 4,000 shares of Penguin Solutions stock in a transaction on Monday, March 16th. The stock was sold at an average price of $17.75, for a total transaction of $71,000.00. Following the completion of the transaction, the senior vice president owned 131,352 shares in the company, valued at $2,331,498. This trade represents a 2.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Penguin Solutions Trading Up 0.9%

Shares of NASDAQ:PENG opened at $17.67 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.86 and a current ratio of 2.33. The stock’s 50-day moving average is $19.18 and its 200-day moving average is $21.26. The company has a market cap of $928.74 million, a P/E ratio of 76.83 and a beta of 2.19. Penguin Solutions, Inc. has a 52-week low of $14.20 and a 52-week high of $29.80.

Penguin Solutions (NASDAQ:PENG) last posted its quarterly earnings data on Tuesday, January 6th. The company reported $0.49 earnings per share for the quarter, topping 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 analysts’ expectations 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, Inc. will post 1.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Trading of Penguin Solutions

Several institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its stake in Penguin Solutions by 187.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,452 shares of the company’s stock worth $28,000 after purchasing an additional 946 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of Penguin Solutions in the 4th quarter valued at approximately $29,000. Strs Ohio bought a new stake in shares of Penguin Solutions in the 3rd quarter valued at approximately $42,000. Jones Financial Companies Lllp raised its holdings in shares of Penguin Solutions by 4,131.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock worth $45,000 after buying an additional 1,694 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of Penguin Solutions by 41.4% during the 3rd quarter. Allworth Financial LP now owns 1,792 shares of the company’s stock worth $47,000 after buying an additional 525 shares during the period.

Penguin Solutions Company Profile

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.