GAMMA Investing LLC Makes New $158,000 Investment in Penguin Solutions, Inc. $PENG

GAMMA Investing LLC acquired a new position in shares of Penguin Solutions, Inc. (NASDAQ:PENG) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,959 shares of the company’s stock, valued at approximately $158,000.

Other hedge funds have also recently bought and sold shares of the company. Crews Bank & Trust acquired a new position in Penguin Solutions during the first quarter worth $28,000. IFP Advisors Inc bought a new stake in shares of Penguin Solutions during the first quarter worth $39,000. UMB Bank n.a. bought a new stake in shares of Penguin Solutions during the second quarter worth $44,000. CWM LLC bought a new stake in shares of Penguin Solutions during the first quarter worth $39,000. Finally, Virtus Advisers LLC bought a new stake in shares of Penguin Solutions during the first quarter worth $43,000.

Wall Street Analysts Forecast Growth

PENG has been the topic of several research analyst reports. Needham & Company LLC increased their target price on Penguin Solutions from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. increased their target price on Penguin Solutions from $21.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Wall Street Zen cut Penguin Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. The Goldman Sachs Group increased their target price on Penguin Solutions from $22.50 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Finally, Loop Capital increased their target price on Penguin Solutions from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.13.

Penguin Solutions Price Performance

Shares of PENG opened at $26.14 on Tuesday. The company has a current ratio of 2.62, a quick ratio of 2.24 and a debt-to-equity ratio of 1.08. Penguin Solutions, Inc. has a 1 year low of $14.20 and a 1 year high of $28.20. The stock has a market cap of $1.37 billion, a P/E ratio of -93.35 and a beta of 2.13. The stock’s 50-day moving average price is $24.82 and its two-hundred day moving average price is $20.97.

Penguin Solutions (NASDAQ:PENG) last issued its earnings results on Tuesday, July 8th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.17. Penguin Solutions had a positive return on equity of 13.27% and a negative net margin of 0.68%.The firm had revenue of $324.25 million for the quarter, compared to analysts’ expectations of $330.82 million. Penguin Solutions has set its FY 2025 guidance at 1.750-1.850 EPS. On average, equities analysts predict that Penguin Solutions, Inc. will post 1.05 earnings per share for the current year.

Insider Transactions at Penguin Solutions

In other Penguin Solutions news, EVP Jack A. Pacheco sold 63,447 shares of the firm’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $24.83, for a total transaction of $1,575,389.01. Following the transaction, the executive vice president owned 227,231 shares in the company, valued at approximately $5,642,145.73. This trade represents a 21.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Penny Herscher sold 2,046 shares of the firm’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $25.42, for a total value of $52,009.32. Following the transaction, the director owned 18,222 shares in the company, valued at approximately $463,203.24. This trade represents a 10.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,175 shares of company stock worth $1,644,448. Company insiders own 2.60% of the company’s stock.

Penguin Solutions 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.