Penguin Solutions (NASDAQ:PENG) SVP Anne Kuykendall Sells 4,000 Shares

Penguin Solutions, Inc. (NASDAQ:PENG) SVP Anne Kuykendall sold 4,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $64.38, for a total transaction of $257,520.00. Following the sale, the senior vice president directly owned 120,794 shares in the company, valued at $7,776,717.72. This trade represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Anne Kuykendall also recently made the following trade(s):

• On Tuesday, May 26th, Anne Kuykendall sold 4,000 shares of Penguin Solutions stock. The stock was sold at an average price of $54.45, for a total transaction of $217,800.00.
• On Wednesday, April 22nd, Anne Kuykendall sold 738 shares of Penguin Solutions stock. The stock was sold at an average price of $27.92, for a total transaction of $20,604.96.

Penguin Solutions Stock Performance

Shares of NASDAQ PENG opened at $60.38 on Wednesday. The company’s fifty day moving average price is $43.43 and its 200 day moving average price is $27.92. Penguin Solutions, Inc. has a 1 year low of $16.04 and a 1 year high of $73.24. The company has a market capitalization of $3.06 billion, a PE ratio of 83.86 and a beta of 2.88. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.55 and a current ratio of 2.10.

Penguin Solutions (NASDAQ:PENG) last posted its quarterly earnings data on Wednesday, April 1st. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.09. The company had revenue of $343.00 million during the quarter, compared to analysts’ expectations of $339.00 million. Penguin Solutions had a net margin of 4.07% and a return on equity of 19.94%. On average, research analysts predict that Penguin Solutions, Inc. will post 1.79 earnings per share for the current year.

Institutional Investors Weigh In On Penguin Solutions

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Penguin Solutions by 0.4% during the third quarter. Vanguard Group Inc. now owns 6,592,564 shares of the company’s stock worth $173,253,000 after buying an additional 25,804 shares in the last quarter. State Street Corp grew its holdings in shares of Penguin Solutions by 3.2% during the fourth quarter. State Street Corp now owns 2,957,938 shares of the company’s stock worth $57,857,000 after buying an additional 91,805 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Penguin Solutions by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,388,748 shares of the company’s stock worth $46,726,000 after buying an additional 95,585 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Penguin Solutions by 596.8% during the fourth quarter. Invesco Ltd. now owns 1,992,415 shares of the company’s stock worth $38,972,000 after buying an additional 1,706,482 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY grew its holdings in shares of Penguin Solutions by 73.8% during the first quarter. Paradigm Capital Management Inc. NY now owns 1,605,100 shares of the company’s stock worth $28,250,000 after buying an additional 681,700 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PENG. Zacks Research cut shares of Penguin Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Needham & Company LLC upped their price objective on shares of Penguin Solutions from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Stifel Nicolaus upped their price objective on shares of Penguin Solutions from $24.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Barclays cut shares of Penguin Solutions from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $23.00 to $27.00 in a research report on Wednesday, April 22nd. Finally, Wall Street Zen upgraded shares of Penguin Solutions from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $36.88.

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.