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 stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $22.14, for a total transaction of $147,607.38. Following the transaction, the chief operating officer now 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 can be accessed through this link.

Penguin Solutions Trading Down 3.5 %

Shares of NASDAQ PENG opened at $21.35 on Friday. Penguin Solutions has a twelve month low of $14.87 and a twelve month high of $29.81. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.33 and a quick ratio of 1.75. The company has a 50 day moving average price of $20.10.

Analysts Set New Price Targets

PENG has been the subject of several research analyst reports. Citizens Jmp raised shares of Penguin Solutions to a “strong-buy” rating in a research report on Monday, November 18th. The Goldman Sachs Group started coverage on shares of Penguin Solutions in a research note on Friday, November 1st. They set a “buy” rating and a $21.00 price objective on the stock. 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 on the stock. Barclays lifted their price target 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, Rosenblatt Securities restated a “buy” rating and issued a $27.00 price objective on shares of Penguin Solutions in a report on Thursday, December 19th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Penguin Solutions has an average rating of “Buy” and a consensus target price of $25.43.

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.