Penguin Solutions (NASDAQ:PENG) SVP Anthony George Frey Sells 4,631 Shares of Company Stock

Penguin Solutions, Inc. (NASDAQ:PENG) SVP Anthony George Frey sold 4,631 shares of Penguin Solutions stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $58.91, for a total value of $272,812.21. Following the transaction, the senior vice president owned 77,853 shares of the company’s stock, valued at $4,586,320.23. This trade represents a 5.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Penguin Solutions Stock Down 11.7%

PENG traded down $6.86 during midday trading on Friday, reaching $51.93. 2,443,974 shares of the company were exchanged, compared to its average volume of 2,591,381. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 0.72 and a beta of 2.86. Penguin Solutions, Inc. has a one year low of $16.04 and a one year high of $89.86. The company’s fifty day moving average price is $56.19 and its 200 day moving average price is $43.71. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.25 and a current ratio of 1.88.

Penguin Solutions (NASDAQ:PENG) last announced its earnings results on Tuesday, October 6th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.23. Penguin Solutions had a return on equity of 36.71% and a net margin of 10.43%. The company had revenue of $566.68 million for the quarter, compared to analysts’ expectations of $520.99 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. Penguin Solutions has set its FY 2027 guidance at 3.750-5.15 EPS. As a group, analysts expect that Penguin Solutions, Inc. will post 4.05 EPS for the current year.

Institutional Investors Weigh In On Penguin Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Penguin Solutions in the 2nd quarter worth approximately $581,658,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Penguin Solutions during the 2nd quarter valued at $150,192,000. Paradigm Capital Management Inc. NY lifted 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 worth $28,250,000 after acquiring an additional 681,700 shares during the last quarter. William Blair Investment Management LLC bought a new stake in shares of Penguin Solutions during the 2nd quarter worth $34,207,000. Finally, Bank of New York Mellon Corp purchased a new position in Penguin Solutions in the second quarter worth $22,503,000.

Wall Street Analysts Forecast Growth

PENG has been the subject of several recent analyst reports. Stifel Nicolaus upped their target price on shares of Penguin Solutions from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft set a $100.00 target price on Penguin Solutions in a report on Friday, October 9th. Wall Street Zen lowered shares of Penguin Solutions from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 25th. Citigroup reiterated an “outperform” rating on shares of Penguin Solutions in a research note on Wednesday, July 8th. Finally, Bank of America began coverage on shares of Penguin Solutions in a research report on Friday, October 9th. They set a “buy” rating and a $100.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $87.50.

Penguin Solutions Company Profile

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.