Penguin Solutions (NASDAQ:PENG) Director Sells $360,000.00 in Stock

Posted by Geri Gentry on May 13th, 2026

Penguin Solutions, Inc. (NASDAQ:PENG – Get Free Report) Director Maximiliane Straub sold 8,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $45.00, for a total transaction of $360,000.00. Following the completion of the sale, the director owned 58,975 shares of the company’s stock, valued at approximately $2,653,875. This trade represents a 11.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Penguin Solutions Stock Up 9.4%

NASDAQ:PENG traded up $4.14 on Wednesday, hitting $48.27. The stock had a trading volume of 9,088,705 shares, compared to its average volume of 1,687,818. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.55 and a current ratio of 2.10. The stock has a market cap of $2.45 billion, a P/E ratio of 67.04 and a beta of 2.66. Penguin Solutions, Inc. has a 1 year low of $16.04 and a 1 year high of $53.27. The firm’s fifty day simple moving average is $23.98 and its two-hundred day simple moving average is $21.49.

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

Institutional Investors Weigh In On Penguin Solutions

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its stake in Penguin Solutions by 187.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,452 shares of the company’s stock valued at $28,000 after buying an additional 946 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Penguin Solutions in the 4th quarter valued at approximately $29,000. Raymond James Financial Inc. purchased a new position in Penguin Solutions in the 2nd quarter valued at approximately $37,000. Strs Ohio purchased a new position in Penguin Solutions in the 3rd quarter valued at approximately $42,000. Finally, Jones Financial Companies Lllp grew its stake in Penguin Solutions by 4,131.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock valued at $45,000 after buying an additional 1,694 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have commented on PENG. Needham & Company LLC increased their price objective on shares of Penguin Solutions from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Stifel Nicolaus decreased their price target on shares of Penguin Solutions from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Barclays lowered shares of Penguin Solutions from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $23.00 to $27.00 in a research note on Wednesday, April 22nd. Weiss Ratings upgraded shares of Penguin Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, April 6th. Finally, The Goldman Sachs Group assumed coverage on shares of Penguin Solutions in a research note on Tuesday, January 13th. They set a “buy” rating and a $25.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.25.

View Our Latest Analysis on PENG

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.