Joseph Gates Clark Sells 10,351 Shares of Penguin Solutions (NASDAQ:PENG) Stock

Penguin Solutions, Inc. (NASDAQ:PENG) SVP Joseph Gates Clark sold 10,351 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $58.87, for a total value of $609,363.37. Following the completion of the sale, the senior vice president directly owned 66,425 shares of the company’s stock, valued at approximately $3,910,439.75. This trade represents a 13.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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, May 8th, Joseph Gates Clark sold 5,000 shares of Penguin Solutions stock. The stock was sold at an average price of $39.99, for a total value of $199,950.00.
• On Friday, April 24th, Joseph Gates Clark sold 5,000 shares of Penguin Solutions stock. The stock was sold at an average price of $29.75, for a total value of $148,750.00.
• On Thursday, April 23rd, Joseph Gates Clark sold 1,485 shares of Penguin Solutions stock. The stock was sold at an average price of $27.62, for a total value of $41,015.70.
• On Thursday, April 16th, Joseph Gates Clark sold 5,000 shares of Penguin Solutions stock. The stock was sold at an average price of $26.82, for a total value of $134,100.00.
• On Thursday, April 9th, Joseph Gates Clark sold 12,546 shares of Penguin Solutions stock. The stock was sold at an average price of $22.55, for a total value of $282,912.30.

Penguin Solutions Price Performance

Shares of NASDAQ:PENG opened at $71.41 on Thursday. The company has a current ratio of 2.10, a quick ratio of 1.55 and a debt-to-equity ratio of 1.09. Penguin Solutions, Inc. has a 1 year low of $16.04 and a 1 year high of $73.24. The business has a fifty day simple moving average of $35.34 and a 200 day simple moving average of $25.09. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 99.18 and a beta of 2.89.

Penguin Solutions (NASDAQ:PENG) last announced its quarterly earnings data on Wednesday, April 1st. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $339.00 million. As a group, sell-side analysts predict that Penguin Solutions, Inc. will post 1.66 earnings per share for the current fiscal year.

Key Penguin Solutions News

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

• Positive Sentiment: Penguin Solutions boosted FY2026 guidance to about $2.30 EPS and $1.6 billion in revenue, both above Wall Street expectations, signaling stronger-than-expected business momentum. MarketWatch: Penguin Solutions Names Johnson Interim CFO; Boosts FY Outlook
• Positive Sentiment: The company’s Integrated Memory segment posted 63% revenue growth, benefiting from AI inference demand and adoption of its MemoryAI solutions. Zacks: PENG’s Integrated Memory Segment Rises: Can It Drive Long-Term Growth?
• Positive Sentiment: Penguin Solutions was recognized as Dell Technologies’ Global Alliances Americas AI Partner of the Year, adding credibility to its AI strategy and partnerships. Business Wire: Dell Technologies Global Alliances Americas AI Partner of the Year
• Positive Sentiment: Rosenblatt Securities raised its price target on PENG to $65 and kept a Buy rating, which supports the bullish tone around the stock. Benzinga report on Rosenblatt price target raise
• Neutral Sentiment: Management announced a CFO transition, naming Aaron Johnson interim CFO after Nate Olmstead said he will step down in July; the company said the move was not due to disagreements. Business Wire: Penguin Solutions Announces CFO Transition
• Neutral Sentiment: SVP Joseph Gates Clark disclosed a stock sale under a pre-arranged 10b5-1 plan; while not necessarily a negative signal, insider selling can still catch investor attention. SEC Form 4 filing
• Negative Sentiment: Some analysts caution that PENG has already run sharply higher, so valuation and momentum risk could limit near-term upside. Zacks: PENG Soars 215% in 3 Months
• Negative Sentiment: Zacks Research downgraded Penguin Solutions from strong-buy to hold, which could temper enthusiasm around the stock. Zacks downgrade

Analyst Ratings Changes

Several analysts recently issued reports on the company. Stifel Nicolaus increased their price objective on Penguin Solutions from $24.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday. Barclays lowered Penguin Solutions from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $23.00 to $27.00 in a report on Wednesday, April 22nd. Weiss Ratings lowered Penguin Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded Penguin Solutions from a “hold” rating to a “buy” rating in a report on Sunday, May 17th. Finally, Rosenblatt Securities raised their target price on Penguin Solutions from $54.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.88.

Hedge Funds Weigh In On Penguin Solutions

Several institutional investors have recently bought and sold shares of the stock. Allworth Financial LP raised its holdings in Penguin Solutions by 41.4% during the third quarter. Allworth Financial LP now owns 1,792 shares of the company’s stock valued at $47,000 after buying an additional 525 shares in the last quarter. Osaic Holdings Inc. raised its holdings in Penguin Solutions by 20.8% during the second quarter. Osaic Holdings Inc. now owns 3,583 shares of the company’s stock valued at $71,000 after buying an additional 617 shares in the last quarter. Covestor Ltd increased its stake in shares of Penguin Solutions by 4.7% in the fourth quarter. Covestor Ltd now owns 15,535 shares of the company’s stock worth $304,000 after purchasing an additional 695 shares during the period. M&T Bank Corp increased its stake in shares of Penguin Solutions by 7.0% in the fourth quarter. M&T Bank Corp now owns 10,851 shares of the company’s stock worth $212,000 after purchasing an additional 706 shares during the period. Finally, Optimize Financial Inc increased its stake in shares of Penguin Solutions by 1.5% in the fourth quarter. Optimize Financial Inc now owns 56,354 shares of the company’s stock worth $1,102,000 after purchasing an additional 808 shares during the period.

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.