Insider Selling: Penguin Solutions (NASDAQ:PENG) SVP Sells 4,631 Shares of Stock

Key Points

• Penguin Solutions SVP Anthony George Frey sold 4,631 shares at an average price of $58.91, generating proceeds of approximately $272,812. The sale reduced his ownership by 5.61% and was conducted under a pre-arranged Rule 10b5-1 trading plan.
• Penguin Solutions shares fell $6.86 to $51.93 in Friday trading, while the company reported quarterly results that exceeded expectations, with $1.00 in EPS versus the $0.77 consensus and revenue of $566.68 million versus estimates of $520.99 million.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $87.50; major institutions including BlackRock recently established sizable positions in the company.

Penguin Solutions, Inc. (NASDAQ:PENG - Get Free Report) SVP Anthony George Frey sold 4,631 shares of the stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $58.91, for a total value of $272,812.21. Following the completion of the transaction, the senior vice president owned 77,853 shares of the company's stock, valued at $4,586,320.23. The trade was a 5.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Penguin Solutions Price Performance

Shares of NASDAQ PENG traded down $6.86 during mid-day trading on Friday, hitting $51.93. 2,443,974 shares of the stock traded hands, compared to its average volume of 2,591,381. The company has a market cap of $3.13 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 0.72 and a beta of 2.86. Penguin Solutions, Inc. has a twelve month low of $16.04 and a twelve month high of $89.86. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.88 and a quick ratio of 1.25. The firm has a 50 day simple moving average of $56.19 and a two-hundred day simple moving average of $43.71.

Penguin Solutions (NASDAQ:PENG - Get Free Report) last issued its earnings results on Tuesday, October 6th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.23. The business had revenue of $566.68 million during the quarter, compared to analysts' expectations of $520.99 million. Penguin Solutions had a return on equity of 36.71% and a net margin of 10.43%. During the same quarter in the prior year, the firm earned $0.11 EPS. Penguin Solutions has set its FY 2027 guidance at 3.750-5.15 EPS. As a group, equities research analysts forecast that Penguin Solutions, Inc. will post 4.05 EPS for the current fiscal year.

Institutional Trading of Penguin Solutions

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in Penguin Solutions in the second quarter worth approximately $581,658,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Penguin Solutions during the second quarter worth $150,192,000. Paradigm Capital Management Inc. NY acquired a new position in Penguin Solutions during the second quarter worth $52,135,000. William Blair Investment Management LLC bought a new position in shares of Penguin Solutions in the second quarter valued at $34,207,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Penguin Solutions in the second quarter valued at $22,503,000.

Analyst Ratings Changes

Several research firms recently commented on PENG. Needham & Company LLC lifted their target price on shares of Penguin Solutions from $80.00 to $85.00 and gave the stock a "buy" rating in a research report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft set a $100.00 price target on shares of Penguin Solutions in a report on Friday, October 9th. Citigroup reissued an "outperform" rating on shares of Penguin Solutions in a research note on Wednesday, July 8th. Weiss Ratings raised Penguin Solutions from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, October 16th. Finally, Barclays upped their price target on Penguin Solutions from $40.00 to $60.00 and gave the company an "underweight" rating in a research report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Penguin Solutions has a consensus rating of "Moderate Buy" and an average target price of $87.50.

About Penguin Solutions

Penguin Solutions, Inc provides technology products and services for data center, cloud, artificial intelligence, high-performance computing, edge computing and embedded applications. The company designs and delivers memory products, computing platforms and integrated infrastructure intended to help organizations manage demanding workloads and deploy specialized technology environments.

Its offerings include memory modules and other memory-related products, high-performance computing systems, servers, storage and networking solutions, and software and services for infrastructure management.

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