Penguin Solutions (NASDAQ:PENG - Get Free Report) EVP Jack A. Pacheco sold 3,219 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $20.00, for a total value of $64,380.00. Following the sale, the executive vice president now owns 231,548 shares in the company, valued at approximately $4,630,960. This represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Penguin Solutions Stock Performance
Penguin Solutions stock opened at $18.94 on Thursday. Penguin Solutions has a fifty-two week low of $14.87 and a fifty-two week high of $22.67. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.75 and a current ratio of 2.33. The stock has a market cap of $1.01 billion, a PE ratio of -36.42 and a beta of 1.70. The firm's fifty day moving average is $19.84.
Analyst Upgrades and Downgrades
PENG has been the subject of several recent analyst reports. 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 price objective for the company. 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 research report on Thursday, January 9th. Barclays increased their price objective on Penguin Solutions from $22.00 to $23.00 and gave the stock an "overweight" rating in a research report on Thursday, January 9th. Finally, Rosenblatt Securities restated a "buy" rating and set a $27.00 target price on shares of Penguin Solutions in a research report on Thursday, December 19th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $25.43.
Read Our Latest Report on PENG
About Penguin Solutions
(
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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.
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