Penguin Solutions (NASDAQ:PENG) SVP Anne Kuykendall Sells 4,000 Shares

Penguin Solutions, Inc. (NASDAQ:PENG – Get Free Report) SVP Anne Kuykendall sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $64.38, for a total value of $257,520.00. Following the transaction, the senior vice president directly owned 120,794 shares of the company’s stock, valued at $7,776,717.72. This trade represents a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Anne Kuykendall also recently made the following trade(s):

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• On Tuesday, May 26th, Anne Kuykendall sold 4,000 shares of Penguin Solutions stock. The shares were sold at an average price of $54.45, for a total value of $217,800.00.
• On Wednesday, April 22nd, Anne Kuykendall sold 738 shares of Penguin Solutions stock. The shares were sold at an average price of $27.92, for a total transaction of $20,604.96.

Penguin Solutions Stock Performance

Shares of PENG traded down $3.49 during midday trading on Tuesday, hitting $60.38. 2,141,736 shares of the stock traded hands, compared to its average volume of 2,903,839. Penguin Solutions, Inc. has a 1-year low of $16.04 and a 1-year high of $73.24. The firm has a market capitalization of $3.06 billion, a PE ratio of 46.96 and a beta of 2.89. 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 business’s 50 day moving average price is $43.43 and its two-hundred day moving average price is $27.92.

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, beating 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 company had revenue of $343.00 million during the quarter, compared to the consensus estimate of $339.00 million. Equities research analysts predict that Penguin Solutions, Inc. will post 1.79 EPS for the current fiscal year.

Analysts Set New Price Targets

PENG has been the subject of several research analyst reports. Needham & Company LLC upped their price objective on shares of Penguin Solutions from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Wall Street Zen raised shares of Penguin Solutions from a “hold” rating to a “buy” rating in a report on Sunday, May 17th. Weiss Ratings cut shares of Penguin Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Stifel Nicolaus boosted their price target on shares of Penguin Solutions from $24.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Finally, Barclays cut shares of Penguin Solutions from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $23.00 to $27.00 in a research report on Wednesday, April 22nd. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.88.

View Our Latest Research Report on Penguin Solutions

Institutional Trading of Penguin Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised 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 worth $28,000 after buying an additional 946 shares during the period. Kestra Advisory Services LLC acquired a new stake in Penguin Solutions during the 4th quarter worth about $29,000. Raymond James Financial Inc. acquired a new stake in Penguin Solutions during the 2nd quarter worth about $37,000. Jones Financial Companies Lllp raised 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 worth $45,000 after buying an additional 1,694 shares during the period. Finally, Allworth Financial LP raised its holdings in Penguin Solutions by 41.4% during the 3rd quarter. Allworth Financial LP now owns 1,792 shares of the company’s stock worth $47,000 after buying an additional 525 shares during the period.

About Penguin Solutions

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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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