Truvestments Capital LLC Buys 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 bought a new stake in shares of Penguin Solutions, Inc. (NASDAQ:PENG - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 20,337 shares of the company's stock, valued at approximately $353,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Crews Bank & Trust bought a new stake in Penguin Solutions during the first quarter valued at $28,000. IFP Advisors Inc bought a new stake in Penguin Solutions during the first quarter valued at $39,000. CWM LLC bought a new stake in Penguin Solutions during the first quarter valued at $39,000. Virtus Advisers LLC bought a new stake in Penguin Solutions during the first quarter valued at $43,000. Finally, PNC Financial Services Group Inc. bought a new stake in Penguin Solutions during the first quarter valued at $62,000.

Penguin Solutions Stock Performance

PENG stock opened at $24.26 on Thursday. The company has a market capitalization of $1.27 billion, a P/E ratio of -86.64 and a beta of 2.02. The company has a 50-day simple moving average of $23.06 and a 200 day simple moving average of $20.00. Penguin Solutions, Inc. has a fifty-two week low of $14.20 and a fifty-two week high of $25.94. 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 (NASDAQ:PENG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 8th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.17. The business had revenue of $324,251 billion during the quarter, compared to the consensus estimate 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. Sell-side analysts predict that Penguin Solutions, Inc. will post 1.05 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Penny Herscher sold 2,046 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $25.42, for a total value of $52,009.32. Following the completion of the sale, the director owned 18,222 shares of the company's stock, valued at $463,203.24. This represents a 10.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jack A. Pacheco sold 63,447 shares of the company's stock in a transaction dated 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 completion of the sale, the executive vice president directly 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 disclosure for this sale can be found here. Insiders sold 66,175 shares of company stock valued at $1,644,448 in the last ninety days. Corporate insiders own 2.60% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on PENG shares. Wall Street Zen lowered shares of Penguin Solutions from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Loop Capital boosted their price target on shares of Penguin Solutions from $30.00 to $35.00 and gave the company a "buy" rating in a report on Monday, July 14th. JMP Securities reissued a "market outperform" rating and set a $26.00 price target on shares of Penguin Solutions in a report on Wednesday, July 9th. The Goldman Sachs Group boosted their price target on shares of Penguin Solutions from $22.50 to $25.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, Needham & Company LLC boosted their price target on shares of Penguin Solutions from $27.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Penguin Solutions presently has a consensus rating of "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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.