Insider Selling: Penguin Solutions (NASDAQ:PENG) Director Sells $147,000.00 in Stock

Posted by Francis Steltz on May 21st, 2026

Penguin Solutions, Inc. (NASDAQ:PENG – Get Free Report) Director Maximiliane Straub sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $49.00, for a total transaction of $147,000.00. Following the sale, the director owned 51,975 shares of the company’s stock, valued at $2,546,775. This represents a 5.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Penguin Solutions Stock Up 2.9%

Shares of NASDAQ PENG opened at $47.63 on Thursday. The company has a 50 day simple moving average of $27.39 and a 200-day simple moving average of $22.54. The company has a market capitalization of $2.42 billion, a P/E ratio of 66.15 and a beta of 2.66. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.10 and a quick ratio of 1.55. Penguin Solutions, Inc. has a 1 year low of $16.04 and a 1 year high of $53.27.

Penguin Solutions (NASDAQ:PENG – Get Free Report) last announced its quarterly earnings results on Wednesday, April 1st. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.09. The business had revenue of $343.00 million during the quarter, compared to the consensus estimate of $339.00 million. Penguin Solutions had a net margin of 4.07% and a return on equity of 19.94%. On average, equities research analysts predict that Penguin Solutions, Inc. will post 1.66 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Zacks Research raised Penguin Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Rosenblatt Securities reissued a “buy” rating and set a $30.00 price objective on shares of Penguin Solutions in a research report on Monday, March 30th. Needham & Company LLC raised their price objective on Penguin Solutions from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Barclays downgraded Penguin Solutions from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $23.00 to $27.00 in a research report on Wednesday, April 22nd. Finally, Wall Street Zen raised Penguin Solutions from a “hold” rating to a “buy” rating in a research report on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $27.25.

Read Our Latest Stock Report on Penguin Solutions

Institutional Trading of Penguin Solutions

Several institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its position in Penguin Solutions by 52.8% in the 1st quarter. California State Teachers Retirement System now owns 74,580 shares of the company’s stock valued at $1,313,000 after acquiring an additional 25,763 shares in the last quarter. Maverick Capital Ltd. acquired a new position in Penguin Solutions in the 1st quarter valued at about $771,000. Quantinno Capital Management LP grew its position in Penguin Solutions by 16.6% in the 1st quarter. Quantinno Capital Management LP now owns 28,318 shares of the company’s stock valued at $498,000 after acquiring an additional 4,036 shares in the last quarter. Paradigm Capital Management Inc. NY grew its position in 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 valued at $28,250,000 after acquiring an additional 681,700 shares in the last quarter. Finally, Inceptionr LLC acquired a new position in Penguin Solutions in the 1st quarter valued at about $339,000.

About Penguin Solutions

(Get Free Report)

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.