Penguin Solutions (NASDAQ:PENG) SVP Joseph Gates Clark Sells 5,773 Shares of Company Stock

Penguin Solutions, Inc. (NASDAQ:PENG) SVP Joseph Clark sold 5,773 shares of Penguin Solutions stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $49.66, for a total transaction of $286,687.18. Following the transaction, the senior vice president owned 80,080 shares in the company, valued at $3,976,772.80. This represents a 6.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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, October 23rd, Joseph Clark sold 869 shares of Penguin Solutions stock. The shares were sold at an average price of $51.52, for a total transaction of $44,770.88.

Penguin Solutions Trading Down 9.1%

NASDAQ:PENG opened at $48.35 on Thursday. 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 market capitalization of $2.91 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 0.63 and a beta of 2.87. Penguin Solutions, Inc. has a one year low of $16.04 and a one year high of $89.86. The business has a fifty day moving average price of $56.11 and a 200-day moving average price of $44.32.

Penguin Solutions (NASDAQ:PENG) last announced its earnings results on Tuesday, October 6th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.23. Penguin Solutions had a return on equity of 36.71% and a net margin of 10.43%. The company had revenue of $566.68 million for the quarter, compared to analysts’ expectations of $520.99 million. During the same period last year, the firm earned $0.11 EPS. Penguin Solutions has set its FY 2027 guidance at 3.750-5.15 EPS. Sell-side analysts forecast that Penguin Solutions, Inc. will post 4.05 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Stifel Nicolaus boosted their price objective on Penguin Solutions from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, October 7th. Barclays raised their target price on shares of Penguin Solutions from $40.00 to $60.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 7th. Needham & Company LLC lifted their price target on shares of Penguin Solutions from $80.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, October 7th. Zacks Research raised shares of Penguin Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, October 9th. Finally, Citigroup reiterated an “outperform” rating on shares of Penguin Solutions in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Penguin Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.50.

Penguin Solutions News Summary

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

• Positive Sentiment: SK Hynix reportedly acquired a 9.1% stake in Penguin Solutions, a significant investment that could strengthen the company’s position in the AI and memory ecosystem. Article: SK Hynix Takes a 9.1% Activist Stake in Penguin Solutions
• Positive Sentiment: Penguin agreed to sell its Cree LED unit to Transom Capital, saying the divestiture will help it focus on AI growth. The strategic shift may sharpen its focus on its AI business, though the reported articles do not specify sale proceeds. Article: Penguin Solutions Announces Agreement to Sell Cree LED to Transom Capital Group
• Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and set a $100 price target, signaling substantial potential upside in the analyst’s view. Article: Rosenblatt Securities rating information
• Neutral Sentiment: The company plans to demonstrate its full-stack AI Factory platform at SC26, including infrastructure software, accelerated computing systems and memory technologies. The event provides visibility but does not itself establish near-term sales. Article: Penguin Solutions to Showcase Full-Stack AI Factory Platform Innovations at SC26
• Negative Sentiment: A valuation commentary cautions that the shares trade at a low multiple and that upcoming results must demonstrate the durability of earnings—possibly weighing on confidence despite the recent reported beat. Article: Penguin Solutions “Sells at a Low Multiple.” Its Next Report Has to Prove the Earnings Behind It
• Negative Sentiment: Senior Vice President Joseph Clark sold 5,773 shares, a 6.72% reduction in his holdings. The transaction was made under a pre-arranged Rule 10b5-1 plan, which may temper concerns about the timing. SEC filing: Form 4

Hedge Funds Weigh In On Penguin Solutions

Large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Penguin Solutions in the 2nd quarter valued at $581,658,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Penguin Solutions during the 2nd quarter valued at about $150,192,000. Paradigm Capital Management Inc. NY boosted its holdings in shares of Penguin Solutions by 73.8% during the 1st quarter. Paradigm Capital Management Inc. NY now owns 1,605,100 shares of the company’s stock valued at $28,250,000 after purchasing an additional 681,700 shares during the last quarter. William Blair Investment Management LLC bought a new position in shares of Penguin Solutions during the 2nd quarter valued at about $34,207,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Penguin Solutions during the second quarter valued at about $22,503,000.

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.