Penguin Solutions, Inc. (NASDAQ:PENG) Short Interest Update

Penguin Solutions, Inc. (NASDAQ:PENG) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 7,709,488 shares, an increase of 17.2% from the February 12th total of 6,580,785 shares. Currently, 15.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,113,967 shares, the days-to-cover ratio is currently 6.9 days. Based on an average daily trading volume, of 1,113,967 shares, the days-to-cover ratio is currently 6.9 days. Currently, 15.1% of the shares of the company are short sold.

Penguin Solutions Trading Down 0.6%

Shares of Penguin Solutions stock opened at $17.51 on Thursday. The company has a 50-day moving average of $19.22 and a two-hundred day moving average of $21.28. Penguin Solutions has a 12-month low of $14.20 and a 12-month high of $29.80. The company has a current ratio of 2.33, a quick ratio of 1.86 and a debt-to-equity ratio of 1.10. The stock has a market cap of $920.33 million, a PE ratio of 76.13 and a beta of 2.19.

Penguin Solutions (NASDAQ:PENG) last announced its quarterly earnings results on Tuesday, January 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.41 by $0.08. Penguin Solutions had a return on equity of 16.01% and a net margin of 1.82%.The business had revenue of $343.07 million for the quarter, compared to analyst estimates of $345.08 million. Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. On average, research analysts anticipate that Penguin Solutions will post 1.05 EPS for the current fiscal year.

Insider Buying and Selling at Penguin Solutions

In related news, SVP Joseph Gates Clark sold 1,346 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $19.03, for a total transaction of $25,614.38. Following the completion of the transaction, the senior vice president directly owned 122,318 shares of the company’s stock, valued at $2,327,711.54. This represents a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Anne Kuykendall sold 4,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $17.75, for a total transaction of $71,000.00. Following the completion of the sale, the senior vice president owned 131,352 shares of the company’s stock, valued at approximately $2,331,498. The trade was a 2.96% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.90% of the stock is currently owned by company insiders.

Institutional Trading of Penguin Solutions

Several large investors have recently bought and sold shares of PENG. Farther Finance Advisors LLC increased its position in shares of Penguin Solutions by 187.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,452 shares of the company’s stock valued at $28,000 after buying an additional 946 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Penguin Solutions in the 4th quarter valued at about $29,000. Raymond James Financial Inc. acquired a new stake in Penguin Solutions in the 2nd quarter valued at about $37,000. Strs Ohio purchased a new position in Penguin Solutions during the 3rd quarter valued at about $42,000. Finally, Jones Financial Companies Lllp increased its holdings in Penguin Solutions by 4,131.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock valued at $45,000 after acquiring an additional 1,694 shares in the last quarter.

Wall Street Analysts Forecast Growth

PENG has been the subject of a number of analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $30.00 target price on shares of Penguin Solutions in a research note on Tuesday, February 3rd. Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of Penguin Solutions in a research note on Tuesday, February 3rd. The Goldman Sachs Group initiated coverage on Penguin Solutions in a report on Tuesday, January 13th. They set a “buy” rating and a $25.00 price objective on the stock. Wall Street Zen upgraded Penguin Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Weiss Ratings downgraded Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 11th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

About Penguin Solutions

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.