Penguin Solutions (NASDAQ:PENG) Shares Up 13.2% – What’s Next?

Posted by Geri Gentry on Jul 6th, 2026

Shares of Penguin Solutions, Inc. (NASDAQ:PENG – Get Free Report) were up 13.2% during trading on Monday . The company traded as high as $68.25 and last traded at $69.56. Approximately 387,141 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 2,106,493 shares. The stock had previously closed at $61.47.

Analyst Ratings Changes

Several equities analysts recently commented on PENG shares. Weiss Ratings downgraded shares of Penguin Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded shares of Penguin Solutions from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Stifel Nicolaus boosted their target price on shares of Penguin Solutions from $24.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Barclays downgraded shares of Penguin Solutions from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $23.00 to $27.00 in a report on Wednesday, April 22nd. Finally, Rosenblatt Securities raised their price objective on Penguin Solutions from $54.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Penguin Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.88.

View Our Latest Stock Report on Penguin Solutions

Penguin Solutions Stock Up 12.5%

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 capitalization of $3.51 billion, a P/E ratio of 95.79 and a beta of 2.83. The stock’s fifty day simple moving average is $54.16 and its two-hundred day simple moving average is $32.03.

Insider Activity

In other news, SVP Joseph Gates Clark sold 12,546 shares of the business’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $22.55, for a total value of $282,912.30. Following the transaction, the senior vice president owned 99,726 shares in the company, valued at approximately $2,248,821.30. The trade was a 11.17% decrease in their position. The sale was disclosed in a document filed 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 Sandeep Nayyar sold 12,893 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $45.09, for a total transaction of $581,345.37. Following the completion of the sale, the director directly owned 32,524 shares in the company, valued at approximately $1,466,507.16. This represents a 28.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 83,120 shares of company stock worth $3,486,734 in the last 90 days. 2.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position 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 acquiring an additional 946 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Penguin Solutions during the 4th quarter worth approximately $29,000. Raymond James Financial Inc. bought a new stake in Penguin Solutions during the 2nd quarter worth approximately $37,000. Allworth Financial LP raised its stake in shares of Penguin Solutions by 41.4% in the third quarter. Allworth Financial LP now owns 1,792 shares of the company’s stock worth $47,000 after purchasing an additional 525 shares during the last quarter. Finally, Torren Management LLC purchased a new stake in shares of Penguin Solutions in the fourth quarter worth approximately $48,000.

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.