Insider Selling: Penguin Solutions (NASDAQ:PENG) SVP Sells $25,614.38 in Stock

Penguin Solutions, Inc. (NASDAQ:PENG) SVP Joseph Gates Clark sold 1,346 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $19.03, for a total value of $25,614.38. Following the completion of the transaction, the senior vice president directly owned 122,318 shares in the company, valued at approximately $2,327,711.54. This trade represents a 1.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Penguin Solutions Trading Down 1.2%

Shares of Penguin Solutions stock traded down $0.22 during trading on Thursday, reaching $18.71. 721,904 shares of the company were exchanged, compared to its average volume of 1,510,079. The business has a 50-day moving average price of $19.97 and a 200-day moving average price of $22.14. The firm has a market capitalization of $983.40 million, a price-to-earnings ratio of 81.35 and a beta of 2.23. The company has a quick ratio of 1.86, a current ratio of 2.33 and a debt-to-equity ratio of 1.10. Penguin Solutions, Inc. has a twelve month low of $14.20 and a twelve month high of $29.80.

Penguin Solutions (NASDAQ:PENG) last issued its earnings results on Tuesday, January 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.08. The firm had revenue of $343.07 million for the quarter, compared to analysts’ expectations of $345.08 million. Penguin Solutions had a return on equity of 16.01% and a net margin of 1.82%.Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. Sell-side analysts anticipate that Penguin Solutions, Inc. will post 1.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PENG shares. Wall Street Zen lowered Penguin Solutions from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price objective on shares of Penguin Solutions in a report on Tuesday, February 3rd. The Goldman Sachs Group started coverage on shares of Penguin Solutions in a report on Tuesday, January 13th. They set a “buy” rating and a $25.00 target price on the stock. Weiss Ratings downgraded Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, February 5th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $30.00 price objective on shares of Penguin Solutions in a research report on Tuesday, February 3rd. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Penguin Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

Institutional Investors Weigh In On Penguin Solutions

Several large investors have recently made changes to their positions in PENG. Farther Finance Advisors LLC raised its holdings in Penguin Solutions by 187.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,452 shares of the company’s stock valued at $28,000 after acquiring an additional 946 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Penguin Solutions in the second quarter valued at approximately $37,000. Strs Ohio acquired a new position in shares of Penguin Solutions in the third quarter valued at approximately $42,000. Jones Financial Companies Lllp lifted its holdings in Penguin Solutions by 4,131.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock worth $45,000 after purchasing an additional 1,694 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in 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 purchasing an additional 525 shares during the last quarter.

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.