Penguin Solutions (NASDAQ:PENG) Stock: Insider Anne Kuykendall Sells 738 Shares

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 value of $40,649.04. Following the transaction, the senior vice president owned 141,988 shares of the company’s stock, valued at $7,820,699.04. This trade represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Trading Down 11.1%

PENG stock traded down $6.47 during trading on Thursday, hitting $51.91. The company had a trading volume of 4,196,990 shares, compared to its average volume of 4,991,971. The business has a 50-day moving average of $56.25 and a 200-day moving average of $53.59. Penguin Solutions, Inc. has a one year low of $16.04 and a one year high of $89.86. The stock has a market cap of $3.13 billion, a PE ratio of 24.33, a PEG ratio of 0.69 and a beta of 2.86. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 1.37.

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

Hedge Funds Weigh In On Penguin Solutions

A number of institutional investors and hedge funds have recently modified their holdings of PENG. Yousif Capital Management LLC boosted its holdings in shares of Penguin Solutions by 4.4% during the 3rd quarter. Yousif Capital Management LLC now owns 12,935 shares of the company’s stock worth $707,000 after buying an additional 546 shares in the last quarter. SBI Securities Co. Ltd. increased its stake in shares of Penguin Solutions by 56.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,294 shares of the company’s stock valued at $125,000 after acquiring an additional 828 shares in the last quarter. Revisor Wealth Management LLC increased its stake in shares of Penguin Solutions by 23.6% in the 3rd quarter. Revisor Wealth Management LLC now owns 3,588 shares of the company’s stock valued at $200,000 after acquiring an additional 686 shares in the last quarter. GK Wealth Management LLC bought a new stake in shares of Penguin Solutions in the 3rd quarter valued at $101,000. Finally, GAMMA Investing LLC lifted its position in shares of Penguin Solutions by 9.1% during the 3rd quarter. GAMMA Investing LLC now owns 5,527 shares of the company’s stock valued at $302,000 after acquiring an additional 462 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PENG shares. The Goldman Sachs Group reiterated a “buy” rating and set a $85.00 price objective on shares of Penguin Solutions in a research report on Wednesday, October 7th. Weiss Ratings upgraded shares of Penguin Solutions from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 16th. Barclays boosted their target price on shares of Penguin Solutions from $40.00 to $60.00 and gave the company an “underweight” rating in a report on Wednesday, October 7th. Wall Street Zen raised shares of Penguin Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 17th. Finally, Needham & Company LLC increased their price target on Penguin Solutions from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. One investment 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, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.