Penguin Solutions (NASDAQ:PENG) COO Jack A. Pacheco Sells 6,667 Shares of Stock

Penguin Solutions (NASDAQ:PENG) COO Jack A. Pacheco sold 6,667 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $20.55, for a total transaction of $137,006.85. Following the transaction, the chief operating officer now owns 231,548 shares in the company, valued at approximately $4,758,311.40. The trade was a 2.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Penguin Solutions Stock Up 4.1 %

NASDAQ:PENG traded up $0.84 on Wednesday, reaching $21.34. The stock had a trading volume of 866,147 shares, compared to its average volume of 1,161,525. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.33 and a quick ratio of 1.75. The firm has a market cap of $1.14 billion, a P/E ratio of -41.04 and a beta of 1.69. Penguin Solutions has a 1-year low of $14.87 and a 1-year high of $29.81. The stock’s fifty day simple moving average is $19.15.

Analyst Ratings Changes

Several equities analysts have commented on PENG shares. Barclays upped their price target on Penguin Solutions from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. The Goldman Sachs Group assumed coverage on Penguin Solutions in a research note on Friday, November 1st. They issued a “buy” rating and a $21.00 target price for the company. Stifel Nicolaus decreased their price target on shares of Penguin Solutions from $32.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Loop Capital initiated coverage on shares of Penguin Solutions in a research note on Tuesday, January 7th. They issued a “buy” rating and a $30.00 price objective for the company. Finally, Citizens Jmp upgraded shares of Penguin Solutions to a “strong-buy” rating in a research report on Monday, November 18th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Penguin Solutions has an average rating of “Buy” and an average target price of $25.43.

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.