23,458 Shares in Penguin Solutions, Inc. $PENG Acquired by Inspire Investing LLC

Key Points

• Inspire Investing LLC acquired a new position in Penguin Solutions, purchasing 23,458 shares valued at approximately $407,000 in the first quarter.
• Insider trading activity included EVP Jack A. Pacheco selling 63,447 shares for over $1.57 million, representing a 21.83% decrease in his holdings.
• Analysts have mixed ratings for Penguin Solutions, with price targets ranging from $22.50 to $35.00, indicating a consensus rating of "Moderate Buy."

Inspire Investing LLC purchased a new position in shares of Penguin Solutions, Inc. (NASDAQ:PENG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,458 shares of the company's stock, valued at approximately $407,000.

Several other institutional investors have also made changes to their positions in the stock. Crews Bank & Trust acquired a new stake in Penguin Solutions in the first quarter valued at approximately $28,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Penguin Solutions in the first quarter valued at approximately $188,000. Allspring Global Investments Holdings LLC acquired a new stake in Penguin Solutions in the first quarter valued at approximately $779,000. Amalgamated Bank acquired a new stake in Penguin Solutions in the first quarter valued at approximately $264,000. Finally, New York State Teachers Retirement System acquired a new stake in Penguin Solutions in the first quarter valued at approximately $248,000.

Insider Buying and Selling at Penguin Solutions

In other Penguin Solutions news, EVP Jack A. Pacheco sold 63,447 shares of the business's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $24.83, for a total value of $1,575,389.01. Following the sale, the executive vice president owned 227,231 shares of the company's stock, valued at $5,642,145.73. The trade was a 21.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Penny Herscher sold 2,046 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $25.42, for a total transaction of $52,009.32. Following the completion of the sale, the director directly owned 18,222 shares in the company, valued at $463,203.24. This trade represents a 10.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,175 shares of company stock worth $1,644,448 in the last three months. Insiders own 2.60% of the company's stock.

Penguin Solutions Trading Down 0.4%

Shares of PENG stock opened at $26.04 on Friday. Penguin Solutions, Inc. has a 1 year low of $14.20 and a 1 year high of $26.53. The firm's fifty day simple moving average is $24.14 and its 200 day simple moving average is $20.28. The firm has a market capitalization of $1.36 billion, a P/E ratio of -93.00 and a beta of 2.13. The company has a current ratio of 2.62, a quick ratio of 2.24 and a debt-to-equity ratio of 1.08.

Penguin Solutions (NASDAQ:PENG - Get Free Report) last announced its earnings results on Tuesday, July 8th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.17. The business had revenue of $324.25 million for the quarter, compared to analyst estimates of $330.82 million. Penguin Solutions had a negative net margin of 0.68% and a positive return on equity of 13.27%. Penguin Solutions has set its FY 2025 guidance at 1.750-1.850 EPS. As a group, sell-side analysts predict that Penguin Solutions, Inc. will post 1.05 EPS for the current year.

Analyst Upgrades and Downgrades

PENG has been the subject of a number of analyst reports. Wall Street Zen cut shares of Penguin Solutions from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. The Goldman Sachs Group boosted their price objective on shares of Penguin Solutions from $22.50 to $25.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. boosted their price objective on shares of Penguin Solutions from $21.00 to $24.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Needham & Company LLC boosted their price objective on shares of Penguin Solutions from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Finally, Loop Capital boosted their price objective on shares of Penguin Solutions from $30.00 to $35.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two 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 price target of $27.13.

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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