Anne Kuykendall Sells 4,000 Shares of Penguin Solutions (NASDAQ:PENG) Stock

Penguin Solutions, Inc. (NASDAQ:PENG) SVP Anne Kuykendall sold 4,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $64.38, for a total transaction of $257,520.00. Following the completion of the transaction, the senior vice president owned 120,794 shares of the company’s stock, valued at approximately $7,776,717.72. The trade was a 3.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, May 26th, Anne Kuykendall sold 4,000 shares of Penguin Solutions stock. The shares were sold at an average price of $54.45, for a total transaction of $217,800.00.
• On Wednesday, April 22nd, Anne Kuykendall sold 738 shares of Penguin Solutions stock. The shares were sold at an average price of $27.92, for a total transaction of $20,604.96.

Penguin Solutions Stock Down 5.5%

Shares of Penguin Solutions stock traded down $3.49 during trading hours on Tuesday, hitting $60.38. The company had a trading volume of 2,141,736 shares, compared to its average volume of 2,903,839. The company’s 50-day moving average is $43.43 and its two-hundred day moving average is $27.92. Penguin Solutions, Inc. has a twelve month low of $16.04 and a twelve month high of $73.24. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.10 and a quick ratio of 1.55. The company has a market cap of $3.06 billion, a P/E ratio of 46.96 and a beta of 2.89.

Penguin Solutions (NASDAQ:PENG) last released its quarterly earnings results on Wednesday, April 1st. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.43 by $0.09. Penguin Solutions had a net margin of 4.07% and a return on equity of 19.94%. The firm had revenue of $343.00 million during the quarter, compared to the consensus estimate of $339.00 million. Analysts anticipate that Penguin Solutions, Inc. will post 1.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on PENG. Weiss Ratings downgraded shares of Penguin Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Wall Street Zen upgraded shares of Penguin Solutions from a “hold” rating to a “buy” rating in a report on Sunday, May 17th. Barclays downgraded shares of Penguin Solutions from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $23.00 to $27.00 in a report on Wednesday, April 22nd. Stifel Nicolaus increased their price target on shares of Penguin Solutions from $24.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Finally, Rosenblatt Securities increased their price target on shares of Penguin Solutions from $54.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.88.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PENG. Farther Finance Advisors LLC increased its stake in Penguin Solutions by 187.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,452 shares of the company’s stock worth $28,000 after buying an additional 946 shares during the period. Kestra Advisory Services LLC purchased a new stake in Penguin Solutions during the 4th quarter worth $29,000. Raymond James Financial Inc. purchased a new stake in Penguin Solutions during the 2nd quarter worth $37,000. Jones Financial Companies Lllp increased its stake in shares of Penguin Solutions by 4,131.7% in the third quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock worth $45,000 after buying an additional 1,694 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in Penguin Solutions by 41.4% in the third quarter. Allworth Financial LP now owns 1,792 shares of the company’s stock valued at $47,000 after acquiring an additional 525 shares in the last quarter.

Penguin Solutions Company Profile

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.