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 business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $20.55, for a total transaction of $137,006.85. Following the sale, the chief operating officer now owns 231,548 shares in the company, valued at $4,758,311.40. This trade represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Penguin Solutions Stock Performance

Shares of NASDAQ:PENG opened at $21.34 on Thursday. The company has a 50 day moving average price of $19.15. Penguin Solutions has a 52 week low of $14.87 and a 52 week 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.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PENG shares. Rosenblatt Securities reiterated a “buy” rating and set a $27.00 price target on shares of Penguin Solutions in a research report on Thursday, December 19th. The Goldman Sachs Group assumed 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. Citizens Jmp raised shares of Penguin Solutions to a “strong-buy” rating in a report on Monday, November 18th. Barclays lifted their price objective on shares of Penguin Solutions from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Finally, JMP Securities assumed coverage on shares of Penguin Solutions in a research note on Monday, November 18th. They set an “outperform” rating and a $23.00 target price for the company. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Penguin Solutions has an average rating of “Buy” and an average price target 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.