Anne Kuykendall Sells 738 Shares of Penguin Solutions (NASDAQ:PENG) Stock
by Teresa Graham · The Cerbat GemPenguin Solutions, Inc. (NASDAQ:PENG – Get Free Report) SVP Anne Kuykendall sold 738 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $27.92, for a total transaction of $20,604.96. Following the completion of the sale, the senior vice president directly owned 128,794 shares of the company’s stock, valued at approximately $3,595,928.48. This trade represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 shares were sold at an average price of $17.75, for a total transaction of $71,000.00.
Penguin Solutions Price Performance
Penguin Solutions stock opened at $27.61 on Friday. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 38.35 and a beta of 2.23. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.10 and a quick ratio of 1.55. Penguin Solutions, Inc. has a 1 year low of $16.04 and a 1 year high of $29.80. The firm has a 50-day moving average of $20.45 and a two-hundred day moving average of $20.54.
Penguin Solutions (NASDAQ:PENG – Get Free Report) last released its quarterly earnings data on Wednesday, April 1st. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.09. The company had revenue of $343.00 million during the quarter, compared to analysts’ expectations of $339.00 million. Penguin Solutions had a net margin of 4.07% and a return on equity of 19.94%. On average, research analysts forecast that Penguin Solutions, Inc. will post 1.66 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on PENG shares. Wall Street Zen upgraded shares of Penguin Solutions from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Needham & Company LLC boosted their price target on shares of Penguin Solutions from $25.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Zacks Research upgraded shares of Penguin Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 7th. Rosenblatt Securities restated a “buy” rating and issued a $30.00 price target on shares of Penguin Solutions in a report on Monday, March 30th. Finally, The Goldman Sachs Group started coverage on shares of Penguin Solutions in a report on Tuesday, January 13th. They issued a “buy” rating and a $25.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Penguin Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $27.25.
Get Our Latest Analysis on PENG
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of 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 acquiring an additional 946 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Penguin Solutions during the 4th quarter worth approximately $29,000. Raymond James Financial Inc. bought a new position in shares of Penguin Solutions during the 2nd quarter worth approximately $37,000. Strs Ohio bought a new position in shares of Penguin Solutions during the 3rd quarter worth approximately $42,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Penguin Solutions by 4,131.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock worth $45,000 after acquiring an additional 1,694 shares in the last quarter.
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.