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

Penguin Solutions, Inc. (NASDAQ:PENG) SVP Anne Kuykendall sold 738 shares of the stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $27.92, for a total value of $20,604.96. Following the completion of the sale, the senior vice president owned 128,794 shares in the company, valued at approximately $3,595,928.48. The trade was a 0.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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, March 16th, Anne Kuykendall sold 4,000 shares of Penguin Solutions stock. The stock was sold at an average price of $17.75, for a total value of $71,000.00.

Penguin Solutions Stock Performance

PENG stock opened at $27.58 on Thursday. The company has a quick ratio of 1.55, a current ratio of 2.10 and a debt-to-equity ratio of 1.09. The business’s fifty day simple moving average is $20.28 and its two-hundred day simple moving average is $20.49. Penguin Solutions, Inc. has a twelve month low of $16.04 and a twelve month high of $29.80. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 38.31 and a beta of 2.23.

Penguin Solutions (NASDAQ:PENG) last released its earnings results on Wednesday, April 1st. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.09. Penguin Solutions had a return on equity of 19.94% and a net margin of 4.07%.The business had revenue of $343.00 million for the quarter, compared to analyst estimates of $339.00 million. Analysts predict that Penguin Solutions, Inc. will post 1.66 earnings per share for the current year.

Hedge Funds Weigh In On Penguin Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in Penguin Solutions by 187.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,452 shares of the company’s stock valued at $28,000 after purchasing an additional 946 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Penguin Solutions during the fourth quarter valued at about $29,000. Raymond James Financial Inc. bought a new stake in Penguin Solutions during the second quarter valued at about $37,000. Strs Ohio bought a new stake in Penguin Solutions during the third quarter valued at about $42,000. Finally, Jones Financial Companies Lllp boosted its position in Penguin Solutions by 4,131.7% during the third quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock valued at $45,000 after purchasing an additional 1,694 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have recently issued reports on PENG. The Goldman Sachs Group began coverage on Penguin Solutions in a research report on Tuesday, January 13th. They set a “buy” rating and a $25.00 price target on the stock. Zacks Research raised Penguin Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Wall Street Zen raised Penguin Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Weiss Ratings raised Penguin Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, April 6th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $30.00 price target on shares of Penguin Solutions in a research report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.25.

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.