Insider Selling: Penguin Solutions (NASDAQ:PENG) SVP Sells $609,363.37 in Stock

Penguin Solutions, Inc. (NASDAQ:PENG) SVP Joseph Gates Clark sold 10,351 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $58.87, for a total value of $609,363.37. Following the sale, the senior vice president directly owned 66,425 shares in the company, valued at $3,910,439.75. This trade represents a 13.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Joseph Gates Clark also recently made the following trade(s):

• On Friday, May 8th, Joseph Gates Clark sold 5,000 shares of Penguin Solutions stock. The shares were sold at an average price of $39.99, for a total transaction of $199,950.00.
• On Friday, April 24th, Joseph Gates Clark sold 5,000 shares of Penguin Solutions stock. The shares were sold at an average price of $29.75, for a total transaction of $148,750.00.
• On Thursday, April 23rd, Joseph Gates Clark sold 1,485 shares of Penguin Solutions stock. The stock was sold at an average price of $27.62, for a total transaction of $41,015.70.
• On Thursday, April 16th, Joseph Gates Clark sold 5,000 shares of Penguin Solutions stock. The shares were sold at an average price of $26.82, for a total transaction of $134,100.00.
• On Thursday, April 9th, Joseph Gates Clark sold 12,546 shares of Penguin Solutions stock. The stock was sold at an average price of $22.55, for a total transaction of $282,912.30.

Penguin Solutions Trading Down 0.4%

Shares of PENG stock opened at $71.16 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.55 and a debt-to-equity ratio of 1.09. Penguin Solutions, Inc. has a 12-month low of $16.04 and a 12-month high of $73.24. The stock has a market capitalization of $3.61 billion, a P/E ratio of 98.83 and a beta of 2.89. The firm’s 50 day moving average is $36.41 and its 200 day moving average is $25.46.

Penguin Solutions (NASDAQ:PENG) last announced its earnings results on Wednesday, April 1st. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. The business had revenue of $343.00 million during the quarter, compared to analyst estimates of $339.00 million. Penguin Solutions had a net margin of 4.07% and a return on equity of 19.94%. Research analysts expect that Penguin Solutions, Inc. will post 1.79 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PENG has been the topic of several research reports. Wall Street Zen raised Penguin Solutions from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Needham & Company LLC increased their price objective on shares of Penguin Solutions from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Zacks Research downgraded shares of Penguin Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday. Stifel Nicolaus boosted their target price on shares of Penguin Solutions from $24.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Weiss Ratings cut shares of Penguin Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Penguin Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.88.

Institutional Trading of Penguin Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the stock. William Blair Investment Management LLC purchased a new position in shares of Penguin Solutions during the 4th quarter valued at about $18,290,000. Fisher Asset Management LLC purchased a new stake in Penguin Solutions in the 4th quarter worth approximately $716,000. Kennedy Capital Management LLC raised its stake in Penguin Solutions by 31.9% during the 3rd quarter. Kennedy Capital Management LLC now owns 992,168 shares of the company’s stock worth $26,074,000 after acquiring an additional 240,159 shares during the period. State of Alaska Department of Revenue lifted its holdings in Penguin Solutions by 98.3% during the fourth quarter. State of Alaska Department of Revenue now owns 47,576 shares of the company’s stock valued at $930,000 after purchasing an additional 23,582 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Penguin Solutions by 46.9% during the third quarter. Barclays PLC now owns 1,055,189 shares of the company’s stock valued at $27,730,000 after purchasing an additional 336,644 shares in the last quarter.

Trending Headlines about Penguin Solutions

Here are the key news stories impacting Penguin Solutions this week:

• Positive Sentiment: Recent analysis remains bullish on Penguin Solutions’ AI exposure, arguing that rising AI inference demand is increasing memory and system architecture needs where PENG is well positioned, with upside tied to Integrated Memory, MemoryAI, CXL, and AI Factory deployments. Seeking Alpha article
• Positive Sentiment: Zacks highlighted improving earnings estimate revisions and said PENG may be poised for further gains, reinforcing the view that momentum and fundamentals remain supportive. Zacks article
• Positive Sentiment: Penguin Solutions’ Integrated Memory segment posted 63% revenue growth, suggesting AI inference demand is already translating into stronger operating performance. Zacks article
• Positive Sentiment: The company was recognized as Dell Technologies’ 2026 Global Alliances Americas AI Partner of the Year, which supports its credibility in the enterprise AI ecosystem. Business Wire article
• Neutral Sentiment: One SVP sold shares under a pre-arranged 10b5-1 plan. While routine, insider selling can still pressure sentiment. SEC Form 4 filing
• Neutral Sentiment: Another note focused on valuation after the stock’s sharp multi-month surge, implying some investors may be taking profits after a big run-up. Yahoo Finance article
• Negative Sentiment: Zacks Research downgraded PENG from strong-buy to hold, which may temper enthusiasm despite the company’s solid operating story. Zacks downgrade

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.