Joseph Gates Clark Sells 1,346 Shares of Penguin Solutions (NASDAQ:PENG) Stock

Penguin Solutions, Inc. (NASDAQ:PENG) SVP Joseph Gates Clark sold 1,346 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $19.03, for a total transaction of $25,614.38. Following the completion of the transaction, the senior vice president owned 122,318 shares in the company, valued at $2,327,711.54. The trade was a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Penguin Solutions Stock Performance

PENG stock traded down $0.22 during mid-day trading on Thursday, reaching $18.71. 721,904 shares of the stock traded hands, compared to its average volume of 1,510,079. The firm has a market capitalization of $983.40 million, a PE ratio of 81.35 and a beta of 2.23. The business has a 50-day moving average of $19.97 and a two-hundred day moving average of $22.14. Penguin Solutions, Inc. has a 52 week low of $14.20 and a 52 week high of $29.80. 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 (NASDAQ:PENG) last posted its quarterly earnings data on Tuesday, January 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.08. The business had revenue of $343.07 million during 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. As a group, equities analysts predict that Penguin Solutions, Inc. will post 1.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP bought a new stake in Penguin Solutions during the 3rd quarter worth about $60,264,000. William Blair Investment Management LLC acquired a new stake in shares of Penguin Solutions during the 4th quarter worth approximately $18,290,000. CSM Advisors LLC bought a new stake in shares of Penguin Solutions during the second quarter worth approximately $11,913,000. ArrowMark Colorado Holdings LLC acquired a new position in Penguin Solutions in the third quarter valued at approximately $15,789,000. Finally, LSV Asset Management lifted its holdings in Penguin Solutions by 337.6% in the third quarter. LSV Asset Management now owns 569,368 shares of the company’s stock valued at $14,963,000 after buying an additional 439,268 shares during the period.

Analyst Ratings Changes

A number of brokerages recently commented on PENG. The Goldman Sachs Group began coverage on Penguin Solutions in a research note on Tuesday, January 13th. They issued a “buy” rating and a $25.00 target price for the company. Rosenblatt Securities restated a “buy” rating and issued a $30.00 price objective on shares of Penguin Solutions in a research note on Tuesday, February 3rd. Weiss Ratings lowered shares of Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, February 5th. Wall Street Zen lowered shares of Penguin Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, Needham & Company LLC restated a “buy” rating and set a $25.00 price target on shares of Penguin Solutions in a research note on Tuesday, February 3rd. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Penguin Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

About Penguin Solutions

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.