Penguin Solutions (NASDAQ:PENG) COO Sells $133,320.00 in Stock

Penguin Solutions (NASDAQ:PENG) COO Jack A. Pacheco sold 6,666 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $20.00, for a total transaction of $133,320.00. Following the completion of the transaction, the chief operating officer now owns 235,960 shares of the company’s stock, valued at approximately $4,719,200. The trade was a 2.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Penguin Solutions Trading Down 3.1 %

PENG stock opened at $19.37 on Monday. The company has a 50 day simple moving average of $17.88. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.65 and a quick ratio of 2.19. Penguin Solutions has a 12-month low of $14.87 and a 12-month high of $29.81. The company has a market cap of $1.03 billion, a PE ratio of -19.37 and a beta of 1.74.

Penguin Solutions (NASDAQ:PENG) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.04). Penguin Solutions had a negative net margin of 4.48% and a positive return on equity of 8.05%. The business had revenue of $311.15 million for the quarter, compared to the consensus estimate of $325.00 million. On average, research analysts predict that Penguin Solutions will post 1.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PENG shares. Barclays decreased their target price on shares of Penguin Solutions from $27.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Rosenblatt Securities reaffirmed a “buy” rating and set a $27.00 price objective on shares of Penguin Solutions in a research report on Thursday, December 19th. Needham & Company LLC dropped their target price on Penguin Solutions from $35.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Stifel Nicolaus cut their target price on Penguin Solutions from $32.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Finally, JMP Securities initiated coverage on Penguin Solutions in a research report on Monday, November 18th. They issued an “outperform” rating and a $23.00 price target for the company. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Penguin Solutions currently has a consensus rating of “Buy” and a consensus price target of $24.17.

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.