Penguin Solutions (NASDAQ:PENG) Shares Gap Down – What’s Next?

Posted by Brenda Bartman on Jun 26th, 2026

Shares of Penguin Solutions, Inc. (NASDAQ:PENG – Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $66.77, but opened at $63.20. Penguin Solutions shares last traded at $61.47, with a volume of 476,996 shares trading hands.

Analysts Set New Price Targets

Several research firms recently weighed in on PENG. Needham & Company LLC upped their price target on Penguin Solutions from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Rosenblatt Securities raised their price objective on Penguin Solutions from $54.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Wall Street Zen raised Penguin Solutions from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. Zacks Research downgraded Penguin Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Finally, Weiss Ratings lowered shares of Penguin Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.88.

View Our Latest Report on PENG

Penguin Solutions Stock Performance

The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 86.72 and a beta of 2.89. The firm’s 50 day moving average is $49.46 and its 200-day moving average is $30.14. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.55 and a current ratio of 2.10.

Penguin Solutions (NASDAQ:PENG – Get Free Report) last posted its earnings results on Wednesday, April 1st. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.43 by $0.09. Penguin Solutions had a net margin of 4.07% and a return on equity of 19.94%. The firm had revenue of $343.00 million for the quarter, compared to the consensus estimate of $339.00 million. Sell-side analysts anticipate that Penguin Solutions, Inc. will post 1.79 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Joseph Gates Clark sold 12,546 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $22.55, for a total value of $282,912.30. Following the transaction, the senior vice president directly owned 99,726 shares of the company’s stock, valued at approximately $2,248,821.30. This trade represents a 11.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Maximiliane C. Straub sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $45.00, for a total value of $360,000.00. Following the completion of the transaction, the director directly owned 58,975 shares in the company, valued at $2,653,875. The trade was a 11.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 83,120 shares of company stock worth $3,486,734. Insiders own 2.90% of the company’s stock.

Institutional Trading of Penguin Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada bought a new stake in shares of Penguin Solutions during the 1st quarter worth $7,250,000. Amundi bought a new position in Penguin Solutions in the 1st quarter worth $373,000. AQR Capital Management LLC acquired a new position in Penguin Solutions during the 1st quarter worth $1,076,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Penguin Solutions during the 1st quarter worth $538,000. Finally, Goldman Sachs Group Inc. bought a new stake in Penguin Solutions during the first quarter valued at about $3,259,000.

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.