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

Posted by Brenda Bartman on Aug 24th, 2026

Penguin Solutions, Inc. (NASDAQ:PENG – Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $52.62, but opened at $50.68. Penguin Solutions shares last traded at $49.4050, with a volume of 219,280 shares traded.

Wall Street Analyst Weigh In

PENG has been the subject of a number of research reports. Citizens Jmp lifted their target price on Penguin Solutions from $65.00 to $85.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 8th. Wall Street Zen cut Penguin Solutions from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 26th. Weiss Ratings raised Penguin Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 8th. Needham & Company LLC raised their price target on Penguin Solutions from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Finally, Citigroup restated an “outperform” rating on shares of Penguin Solutions in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $63.33.

Get Our Latest Report on PENG

Penguin Solutions Stock Performance

The company has a market cap of $2.61 billion, a P/E ratio of 36.27 and a beta of 2.87. The company has a quick ratio of 1.10, a current ratio of 1.54 and a debt-to-equity ratio of 0.65. The company has a 50 day moving average price of $61.83 and a 200-day moving average price of $41.97.

Penguin Solutions (NASDAQ:PENG – Get Free Report) last issued its quarterly earnings data on Tuesday, July 7th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.21. The business had revenue of $478.71 million for the quarter, compared to analysts’ expectations of $407.47 million. Penguin Solutions had a net margin of 6.44% and a return on equity of 28.23%. During the same period in the previous year, the business earned $0.52 earnings per share. Equities analysts expect that Penguin Solutions, Inc. will post 2.08 EPS for the current fiscal year.

Insider Activity

In other Penguin Solutions news, SVP Anne Kuykendall sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $54.45, for a total transaction of $217,800.00. Following the transaction, the senior vice president owned 124,794 shares of the company’s stock, valued at approximately $6,795,033.30. This trade represents a 3.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Gates Clark sold 10,351 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $58.87, for a total transaction of $609,363.37. Following the sale, the senior vice president owned 66,425 shares in the company, valued at $3,910,439.75. This trade represents a 13.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 19,678 shares of company stock worth $1,160,946. 2.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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

Penguin Solutions Company Profile

(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.