Penguin Solutions (NASDAQ:PENG - Get Free Report) COO Jack A. Pacheco sold 6,667 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $22.14, for a total value of $147,607.38. Following the completion of the transaction, the chief operating officer now directly owns 231,548 shares in the company, valued at approximately $5,126,472.72. The trade was a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Penguin Solutions Price Performance
NASDAQ:PENG traded down $0.40 during midday trading on Tuesday, reaching $20.48. 798,073 shares of the company traded hands, compared to its average volume of 871,044. Penguin Solutions has a twelve month low of $14.87 and a twelve month high of $29.81. The company has a quick ratio of 1.75, a current ratio of 2.33 and a debt-to-equity ratio of 1.61. The firm has a fifty day moving average of $20.13. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -39.38 and a beta of 1.68.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on PENG. 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 target price on the stock. Rosenblatt Securities restated a "buy" rating and set a $27.00 price objective on shares of Penguin Solutions in a research note on Thursday, December 19th. The Goldman Sachs Group initiated coverage on Penguin Solutions in a report on Friday, November 1st. They set a "buy" rating and a $21.00 target price on the stock. JMP Securities initiated coverage on Penguin Solutions in a report on Monday, November 18th. They issued an "outperform" rating and a $23.00 price target for the company. Finally, Citizens Jmp upgraded Penguin Solutions to a "strong-buy" rating in a research note on Monday, November 18th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Penguin Solutions has a consensus rating of "Buy" and an average target price of $25.43.
Get Our Latest Research Report on Penguin Solutions
Penguin Solutions Company Profile
(
Get Free Report)
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.
See Also
Before you consider Penguin Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Penguin Solutions wasn't on the list.
While Penguin Solutions currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
