151,908 Shares in Penguin Solutions, Inc. $PENG Bought by Rhumbline Advisers

Key Points

• Rhumbline Advisers has made a new investment in Penguin Solutions, acquiring 151,908 shares valued at approximately $2.63 million, indicating growing institutional interest in the company.
• Company insiders have sold a total of 66,175 shares in the past 90 days, representing significant decreases in their ownership stakes.
• Penguin Solutions has set its FY 2025 earnings guidance between $1.750 - $1.850 EPS, while analysts project a consensus earnings estimate of 1.05 EPS for the current year.

Rhumbline Advisers acquired a new stake in shares of Penguin Solutions, Inc. (NASDAQ:PENG - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 151,908 shares of the company's stock, valued at approximately $2,639,000. Rhumbline Advisers owned 0.29% of Penguin Solutions at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Crews Bank & Trust purchased a new position in shares of Penguin Solutions during the 1st quarter valued at approximately $28,000. CWM LLC purchased a new position in shares of Penguin Solutions during the 1st quarter valued at approximately $39,000. IFP Advisors Inc purchased a new stake in Penguin Solutions in the 1st quarter worth $39,000. Virtus Advisers LLC purchased a new stake in Penguin Solutions in the 1st quarter worth $43,000. Finally, PNC Financial Services Group Inc. purchased a new stake in Penguin Solutions in the 1st quarter worth $62,000.

Analysts Set New Price Targets

Several equities research analysts recently commented on PENG shares. Zacks Research lowered shares of Penguin Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, September 8th. Needham & Company LLC boosted their price target on shares of Penguin Solutions from $27.00 to $30.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. JMP Securities reissued a "market outperform" rating and issued a $26.00 price target on shares of Penguin Solutions in a report on Wednesday, July 9th. JPMorgan Chase & Co. lifted their target price 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. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $27.00 target price on shares of Penguin Solutions in a research note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $27.13.

Insider Transactions at Penguin Solutions

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

Penguin Solutions Trading Down 0.5%

NASDAQ PENG traded down $0.13 during trading hours on Friday, reaching $27.53. The company had a trading volume of 2,771,363 shares, compared to its average volume of 816,647. The stock has a 50-day moving average of $24.55 and a 200 day moving average of $20.53. Penguin Solutions, Inc. has a 1-year low of $14.20 and a 1-year high of $27.88. The company has a current ratio of 2.62, a quick ratio of 2.24 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $1.44 billion, a P/E ratio of -98.32 and a beta of 2.13.

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

Penguin Solutions Company Profile

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.