Jack A. Pacheco Sells 6,667 Shares of Penguin Solutions (NASDAQ:PENG) Stock

Penguin Solutions (NASDAQ:PENG) COO Jack A. Pacheco sold 6,667 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $22.14, for a total value of $147,607.38. Following the completion of the sale, the chief operating officer now directly owns 231,548 shares in the company, valued at approximately $5,126,472.72. This represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Penguin Solutions Price Performance

NASDAQ PENG opened at $21.35 on Friday. The company’s fifty day moving average price is $20.10. The company has a market cap of $1.14 billion, a PE ratio of -41.06 and a beta of 1.68. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.33 and a quick ratio of 1.75. Penguin Solutions has a 1-year low of $14.87 and a 1-year high of $29.81.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Citizens Jmp raised Penguin Solutions to a “strong-buy” rating in a research report on Monday, November 18th. Loop Capital assumed coverage on Penguin Solutions in a research report on Tuesday, January 7th. They issued a “buy” rating and a $30.00 price target on the stock. JMP Securities assumed coverage on Penguin Solutions in a research report on Monday, November 18th. They issued an “outperform” rating and a $23.00 price target on the stock. Needham & Company LLC upped their price objective on Penguin Solutions from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, January 9th. Finally, The Goldman Sachs Group assumed coverage on Penguin Solutions in a research report on Friday, November 1st. They issued a “buy” rating and a $21.00 price objective on the stock. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $25.43.

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.