Penguin Solutions (NASDAQ:PENG) Stock: Insider Anne Kuykendall Sells 738 Shares

Penguin Solutions, Inc. (NASDAQ:PENG) SVP Anne Kuykendall sold 738 shares of the stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $55.08, for a total value of $40,649.04. Following the sale, the senior vice president directly owned 141,988 shares of the company’s stock, valued at approximately $7,820,699.04. This trade represents a 0.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, August 24th, Anne Kuykendall sold 4,000 shares of Penguin Solutions stock. The stock was sold at an average price of $50.58, for a total transaction of $202,320.00.

Penguin Solutions Price Performance

Shares of Penguin Solutions stock opened at $53.41 on Friday. The business has a 50 day moving average of $56.04 and a 200 day moving average of $53.59. Penguin Solutions, Inc. has a 52 week low of $16.04 and a 52 week high of $89.86. The company has a market cap of $3.22 billion, a PE ratio of 20.62, a P/E/G ratio of 0.61 and a beta of 2.86. 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) last issued its quarterly earnings data on Tuesday, October 6th. The company reported $1.00 earnings per share (EPS) 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 business had revenue of $566.68 million for the quarter, compared to the consensus estimate of $520.99 million. During the same period in the previous year, the firm earned $0.11 EPS. Penguin Solutions has set its FY 2027 guidance at 3.750-5.15 EPS. As a group, equities research analysts forecast that Penguin Solutions, Inc. will post 4.05 earnings per share for the current year.

Institutional Investors Weigh In On Penguin Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Penguin Solutions in the 2nd quarter worth about $581,658,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Penguin Solutions during the 2nd quarter valued at about $150,192,000. Paradigm Capital Management Inc. NY boosted its holdings in shares of Penguin Solutions by 73.8% during the 1st quarter. Paradigm Capital Management Inc. NY now owns 1,605,100 shares of the company’s stock valued at $28,250,000 after acquiring an additional 681,700 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Penguin Solutions during the 2nd quarter valued at about $34,207,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Penguin Solutions in the second quarter worth approximately $22,503,000.

Wall Street Analyst Weigh In

Several brokerages have commented on PENG. Citizens Jmp raised their price objective on shares of Penguin Solutions from $65.00 to $85.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 8th. Needham & Company LLC upped their target price on Penguin Solutions from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. The Goldman Sachs Group reissued a “buy” rating and issued a $85.00 target price on shares of Penguin Solutions in a research report on Wednesday, October 7th. Weiss Ratings upgraded Penguin Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 16th. Finally, Barclays raised their target price on Penguin Solutions from $40.00 to $60.00 and gave the company an “underweight” rating in a research note on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $87.50.

Key Stories Impacting Penguin Solutions

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

• Positive Sentiment: Analyst sentiment improved as Penguin Solutions’ consensus price target rose 15.06% to $87.19. The new target implies substantial potential upside from recent trading levels and reinforces the company’s favorable outlook. Penguin Solutions consensus price target increased 15.06% to $87.19
• Positive Sentiment: Recent coverage highlighted Penguin Solutions’ AI Factory Platform results as exceeding forecasts. The company’s exposure to AI memory, computing platforms and data-center infrastructure is strengthening the investment case as demand for specialized AI capacity grows. Penguin Solutions jumps as AI Factory Platform results beat forecasts
• Positive Sentiment: Penguin Solutions previously reported quarterly earnings of $1.00 per share, versus analyst expectations of $0.77, while revenue of approximately $566.7 million exceeded the $521.0 million consensus estimate. Earnings also rose sharply from $0.11 per share in the prior-year period, supporting the bullish view of the business. Semiconductors stocks Q3 earnings review: Penguin Solutions shines
• Neutral Sentiment: Senior Vice President Anne Kuykendall sold 738 shares for approximately $40,649 under a pre-arranged Rule 10b5-1 plan to cover tax withholding tied to vested equity awards. Because the sale reduced her holdings by only 0.52% and was not discretionary market timing, it is unlikely to materially change the investment thesis. Penguin Solutions SVP sells 738 shares
• Negative Sentiment: Valuation remains a risk after the stock’s substantial rally. GuruFocus characterized PENG as overvalued relative to its estimated fair value, while the shares have also traded well below their 52-week high, underscoring elevated volatility and the possibility of profit-taking. Is Penguin Solutions overvalued after its rally?

About Penguin Solutions

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.