Penguin Solutions, Inc. (NASDAQ:PENG – Get Free Report) SVP Joseph Gates Clark sold 10,351 shares of Penguin Solutions stock in a transaction on Monday, June 1st. The shares were sold at an average price of $58.87, for a total value of $609,363.37. Following the sale, the senior vice president directly owned 66,425 shares of the company’s stock, valued at $3,910,439.75. This represents a 13.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Joseph Gates Clark also recently made the following trade(s):
- On Friday, May 8th, Joseph Gates Clark sold 5,000 shares of Penguin Solutions stock. The shares were sold at an average price of $39.99, for a total value of $199,950.00.
- On Friday, April 24th, Joseph Gates Clark sold 5,000 shares of Penguin Solutions stock. The shares were sold at an average price of $29.75, for a total value of $148,750.00.
- On Thursday, April 23rd, Joseph Gates Clark sold 1,485 shares of Penguin Solutions stock. The shares were sold at an average price of $27.62, for a total value of $41,015.70.
- On Thursday, April 16th, Joseph Gates Clark sold 5,000 shares of Penguin Solutions stock. The shares were sold at an average price of $26.82, for a total value of $134,100.00.
- On Thursday, April 9th, Joseph Gates Clark sold 12,546 shares of Penguin Solutions stock. The shares were sold at an average price of $22.55, for a total value of $282,912.30.
Penguin Solutions Price Performance
NASDAQ PENG traded up $10.94 during trading hours on Tuesday, reaching $70.65. 4,843,828 shares of the stock traded hands, compared to its average volume of 1,901,692. The stock has a 50 day simple moving average of $33.21 and a two-hundred day simple moving average of $24.37. Penguin Solutions, Inc. has a 1 year low of $16.04 and a 1 year high of $73.24. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.10 and a quick ratio of 1.55. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 98.13 and a beta of 2.66.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of PENG. Farther Finance Advisors LLC increased its holdings in Penguin Solutions by 187.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,452 shares of the company’s stock valued at $28,000 after purchasing an additional 946 shares during the period. Kestra Advisory Services LLC purchased a new position in Penguin Solutions during the 4th quarter valued at about $29,000. Raymond James Financial Inc. purchased a new position in Penguin Solutions during the 2nd quarter valued at about $37,000. Strs Ohio purchased a new position in Penguin Solutions during the 3rd quarter valued at about $42,000. Finally, Jones Financial Companies Lllp increased its holdings in Penguin Solutions by 4,131.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock valued at $45,000 after purchasing an additional 1,694 shares during the period.
Analyst Ratings Changes
PENG has been the topic of a number of research reports. Stifel Nicolaus raised their price target on Penguin Solutions from $24.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday. Needham & Company LLC raised 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. Zacks Research upgraded Penguin Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Weiss Ratings downgraded Penguin Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Finally, Barclays downgraded Penguin Solutions from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $23.00 to $27.00 in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.88.
Get Our Latest Stock Analysis on Penguin Solutions
More Penguin Solutions News
Here are the key news stories impacting Penguin Solutions this week:
- Positive Sentiment: Penguin Solutions said full-year FY2026 net sales and diluted EPS are expected to come in at the high end of prior guidance, reinforcing confidence in near-term execution and future earnings power. Penguin Solutions Announces CFO Transition
- Positive Sentiment: The company also raised FY2026 guidance versus analyst expectations, including EPS and revenue outlooks above consensus, which typically supports a stock rerating. Penguin Solutions Names Johnson Interim CFO; Boosts FY Outlook
- Positive Sentiment: Wall Street responded favorably, with Rosenblatt raising its price target and maintaining a buy rating, reflecting continued bullish sentiment around the company’s growth story. Benzinga report on Rosenblatt price target increase
- Neutral Sentiment: Penguin announced CFO Nate Olmstead will step down on July 8 and named Aaron Johnson interim CFO. The company said the departure was not due to disagreements, which helps limit concern, but leadership changes can still create some uncertainty. Penguin Solutions Announces CFO Transition
- Neutral Sentiment: Some commentary suggests the stock has had a very strong multi-month run, so part of the move may also reflect momentum and technical breakout buying rather than a single fundamental catalyst. PENG Soars 215% in 3 Months: Is the Stock Still Worth Betting?
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.
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