Penguin Solutions (NASDAQ:PENG) SVP Sells 738 Shares of Stock

Key Points

• Penguin Solutions SVP Anne Kuykendall sold 738 shares at an average price of $55.08, generating $40,649.04. The Rule 10b5-1 transaction covered tax withholding tied to vested equity awards, leaving her with 141,988 shares.
• PENG shares fell $6.47 to $51.91 during Thursday trading, giving the company a market capitalization of approximately $3.13 billion. The stock has traded between $16.04 and $89.86 over the past year.
• Penguin Solutions recently exceeded quarterly expectations, reporting $1.00 in EPS on $566.68 million in revenue. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $87.50.

Penguin Solutions, Inc. (NASDAQ:PENG - Get Free Report) SVP Anne Kuykendall sold 738 shares of the firm's stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $55.08, for a total transaction of $40,649.04. Following the completion of the sale, the senior vice president owned 141,988 shares in the company, valued at approximately $7,820,699.04. The trade was a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Anne Kuykendall also recently made the following trade(s):

• On Monday, August 24th, Anne Kuykendall sold 4,000 shares of Penguin Solutions stock. The shares were sold at an average price of $50.58, for a total transaction of $202,320.00.

Penguin Solutions Price Performance

PENG stock traded down $6.47 during trading on Thursday, reaching $51.91. 4,196,990 shares of the company were exchanged, compared to its average volume of 4,991,971. The company has a 50-day moving average of $56.25 and a two-hundred day moving average of $53.59. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 24.33, a P/E/G ratio of 0.69 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.

Penguin Solutions (NASDAQ:PENG - Get Free Report) last issued its quarterly earnings data on Tuesday, October 6th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.77 by $0.23. Penguin Solutions had a net margin of 10.43% and a return on equity of 36.71%. The business had revenue of $566.68 million during the quarter, compared to the consensus estimate of $520.99 million. 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 analysts predict that Penguin Solutions, Inc. will post 4.05 earnings per share for the current fiscal year.

Institutional Trading of Penguin Solutions

Institutional investors have recently modified their holdings of the business. Maverick Capital Ltd. acquired a new stake in Penguin Solutions in the first quarter valued at $771,000. California State Teachers Retirement System raised its position in Penguin Solutions by 52.8% during the 1st quarter. California State Teachers Retirement System now owns 74,580 shares of the company's stock worth $1,313,000 after purchasing an additional 25,763 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Penguin Solutions by 34.0% during the 1st quarter. Pacer Advisors Inc. now owns 261,776 shares of the company's stock worth $4,607,000 after buying an additional 66,460 shares during the period. Bank of America Corp DE acquired a new position in Penguin Solutions during the 2nd quarter worth about $8,777,000. Finally, First Trust Advisors LP lifted its holdings in Penguin Solutions by 241.3% during the 1st quarter. First Trust Advisors LP now owns 49,067 shares of the company's stock worth $864,000 after buying an additional 34,691 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wall Street Zen raised Penguin Solutions from a "buy" rating to a "strong-buy" rating in a report on Saturday, October 17th. Bank of America initiated coverage on Penguin Solutions in a report on Friday, October 9th. They issued a "buy" rating and a $100.00 target price for the company. Zacks Research upgraded Penguin Solutions from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 9th. Deutsche Bank Aktiengesellschaft set a $100.00 target price on Penguin Solutions in a research report on Friday, October 9th. Finally, Rosenblatt Securities lifted their price target on Penguin Solutions from $80.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, October 7th. One 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $87.50.

Penguin Solutions Company Profile

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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