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

Penguin Solutions (NASDAQ:PENG) COO Jack A. Pacheco sold 6,667 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $22.14, for a total transaction of $147,607.38. Following the sale, the chief operating officer now directly owns 231,548 shares of the company’s stock, valued at approximately $5,126,472.72. This represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Penguin Solutions Stock Performance

Shares of PENG stock opened at $21.35 on Monday. Penguin Solutions has a 52-week low of $14.87 and a 52-week high of $29.81. The firm has a market cap of $1.14 billion, a PE ratio of -41.06 and a beta of 1.68. The company has a current ratio of 2.33, a quick ratio of 1.75 and a debt-to-equity ratio of 1.61. The firm has a fifty day simple moving average of $20.10.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. JMP Securities assumed coverage on shares of Penguin Solutions in a report on Monday, November 18th. They set an “outperform” rating and a $23.00 price objective for the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $27.00 price objective on shares of Penguin Solutions in a report on Thursday, December 19th. Needham & Company LLC upped their target price on shares of Penguin Solutions from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, January 9th. Barclays upped their target price on shares of Penguin Solutions from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Finally, Loop Capital began coverage on shares of Penguin Solutions in a research note on Tuesday, January 7th. They set a “buy” rating and a $30.00 target price for the company. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target 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.