Truvestments Capital LLC Acquires Shares of 20,337 Penguin Solutions, Inc. $PENG

Key Points

• Truvestments Capital LLC acquired a new stake in Penguin Solutions, purchasing 20,337 shares valued at approximately $353,000 during the first quarter.
• Penguin Solutions recently achieved quarterly earnings of $0.47 per share, exceeding analysts' expectations of $0.30, and has set its FY 2025 guidance at EPS between 1.750-1.850.
• Analysts have a consensus rating of "Buy" for Penguin Solutions, with price targets ranging from $25.00 to $35.00, indicating positive growth potential in the stock.

Truvestments Capital LLC purchased a new stake in Penguin Solutions, Inc. (NASDAQ:PENG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 20,337 shares of the company's stock, valued at approximately $353,000.

A number of other large investors have also recently added to or reduced their stakes in PENG. Vanguard Group Inc. acquired a new stake in Penguin Solutions in the 1st quarter worth about $111,458,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Penguin Solutions during the 1st quarter valued at approximately $14,786,000. Royce & Associates LP bought a new stake in Penguin Solutions during the 1st quarter worth approximately $14,020,000. American Century Companies Inc. bought a new stake in Penguin Solutions during the 1st quarter worth approximately $13,902,000. Finally, Wellington Management Group LLP bought a new stake in Penguin Solutions during the 1st quarter worth approximately $13,531,000.

Wall Street Analysts Forecast Growth

PENG has been the topic of a number of research reports. Rosenblatt Securities reissued a "buy" rating and set a $27.00 target price on shares of Penguin Solutions in a report on Monday, August 11th. Wall Street Zen downgraded shares of Penguin Solutions from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. 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 research report on Tuesday, July 22nd. JMP Securities reiterated a "market outperform" rating and set a $26.00 target price on shares of Penguin Solutions in a research report on Wednesday, July 9th. Finally, Loop Capital boosted their target price on shares of Penguin Solutions from $30.00 to $35.00 and gave the company a "buy" rating in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Penguin Solutions has a consensus rating of "Buy" and a consensus target price of $27.13.

Insider Activity

In related news, EVP Jack A. Pacheco sold 63,447 shares of the stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $24.83, for a total transaction of $1,575,389.01. Following the completion of the transaction, the executive vice president owned 227,231 shares in the company, valued at approximately $5,642,145.73. This represents a 21.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Penny Herscher sold 2,046 shares of the 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 transaction, the director owned 18,222 shares of the company's stock, valued at approximately $463,203.24. The trade was a 10.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,175 shares of company stock valued at $1,644,448. 2.60% of the stock is owned by company insiders.

Penguin Solutions Stock Down 2.5%

PENG stock traded down $0.60 during midday trading on Tuesday, reaching $23.53. 169,536 shares of the company's stock traded hands, compared to its average volume of 856,851. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -84.03 and a beta of 2.13. The firm's fifty day moving average price is $23.33 and its 200-day moving average price is $20.05. The company has a quick ratio of 2.24, a current ratio of 2.62 and a debt-to-equity ratio of 1.08. Penguin Solutions, Inc. has a 52 week low of $14.20 and a 52 week high of $25.94.

Penguin Solutions (NASDAQ:PENG - Get Free Report) last posted its earnings results on Tuesday, July 8th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $324.25 million during the quarter, compared to analyst estimates of $330.82 million. Penguin Solutions has set its FY 2025 guidance at 1.750-1.850 EPS. As a group, sell-side analysts forecast that Penguin Solutions, Inc. will post 1.05 earnings per share for the current fiscal year.

Penguin Solutions 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.