Penguin Solutions (NASDAQ:PENG) SVP Anne Kuykendall Sells 738 Shares of Company Stock

Penguin Solutions, Inc. (NASDAQ:PENG) SVP Anne Kuykendall sold 738 shares of the firm’s stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $55.08, for a total transaction of $40,649.04. Following the completion of the sale, the senior vice president directly owned 141,988 shares of the company’s stock, valued at approximately $7,820,699.04. This represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 value of $202,320.00.

Penguin Solutions Stock Down 11.1%

Shares of NASDAQ:PENG opened at $51.91 on Friday. The firm has a market capitalization of $3.13 billion, a P/E ratio of 20.04, a P/E/G ratio of 0.69 and a beta of 2.86. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.25 and a current ratio of 1.88. The stock has a 50 day moving average price of $56.25 and a 200-day moving average price of $53.59. Penguin Solutions, Inc. has a 52-week low of $16.04 and a 52-week high of $89.86.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wall Street Zen raised Penguin Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 17th. Zacks Research raised shares of Penguin Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 9th. Weiss Ratings raised shares of Penguin Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Bank of America started coverage on shares of Penguin Solutions in a research note on Friday, October 9th. They issued a “buy” rating and a $100.00 price target for the company. Finally, Rosenblatt Securities lifted their price target on shares of Penguin Solutions from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $87.50.

Institutional Inflows and Outflows

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

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.