Penguin Solutions (NASDAQ:PENG) Given New $40.00 Price Target at Barclays

Penguin Solutions (NASDAQ:PENG) had its price target hoisted by Barclays from $27.00 to $40.00 in a research report sent to investors on Thursday, MarketBeat reports. The brokerage currently has an equal weight rating on the stock.

Other analysts also recently issued reports about the stock. Citizens Jmp lifted their price target on shares of Penguin Solutions from $65.00 to $85.00 and gave the company a “market outperform” rating in a report on Wednesday. Citigroup restated an “outperform” rating on shares of Penguin Solutions in a research report on Wednesday. Wall Street Zen upgraded Penguin Solutions from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Zacks Research raised Penguin Solutions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Finally, Stifel Nicolaus raised their price target on Penguin Solutions from $66.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.88.

Penguin Solutions Price Performance

Shares of Penguin Solutions stock opened at $81.39 on Thursday. The stock’s 50-day simple moving average is $57.66 and its 200-day simple moving average is $33.52. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.65. Penguin Solutions has a 52 week low of $16.04 and a 52 week high of $89.86. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 57.72 and a beta of 2.83.

Penguin Solutions (NASDAQ:PENG) last announced its quarterly earnings data on Tuesday, July 7th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.21. The business had revenue of $478.71 million during the quarter, compared to analyst estimates of $407.47 million. Penguin Solutions had a net margin of 6.44% and a return on equity of 28.23%. During the same period last year, the firm posted $0.52 EPS. As a group, analysts expect that Penguin Solutions will post 1.79 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Sandeep Nayyar sold 7,107 shares of Penguin Solutions stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $43.48, for a total value of $309,012.36. Following the completion of the transaction, the director owned 25,417 shares in the company, valued at approximately $1,105,131.16. The trade was a 21.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Anne Kuykendall sold 4,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $64.38, for a total transaction of $257,520.00. Following the transaction, the senior vice president owned 120,794 shares in the company, valued at $7,776,717.72. This trade represents a 3.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 70,574 shares of company stock valued at $3,203,822 over the last quarter. Company insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Penguin Solutions

A number of large investors have recently bought and sold shares of PENG. Allworth Financial LP increased its stake in Penguin Solutions by 41.4% in the third quarter. Allworth Financial LP now owns 1,792 shares of the company’s stock worth $47,000 after purchasing an additional 525 shares during the period. Osaic Holdings Inc. boosted its position in Penguin Solutions by 20.8% in the 2nd quarter. Osaic Holdings Inc. now owns 3,583 shares of the company’s stock valued at $71,000 after buying an additional 617 shares during the period. Covestor Ltd grew its stake in Penguin Solutions by 4.7% in the 4th quarter. Covestor Ltd now owns 15,535 shares of the company’s stock worth $304,000 after acquiring an additional 695 shares in the last quarter. M&T Bank Corp increased its position in shares of Penguin Solutions by 7.0% during the fourth quarter. M&T Bank Corp now owns 10,851 shares of the company’s stock worth $212,000 after acquiring an additional 706 shares during the period. Finally, Optimize Financial Inc boosted its holdings in shares of Penguin Solutions by 1.5% in the fourth quarter. Optimize Financial Inc now owns 56,354 shares of the company’s stock valued at $1,102,000 after purchasing an additional 808 shares during the period.

Penguin Solutions News Roundup

Here are the key news stories impacting Penguin Solutions this week:

• Positive Sentiment: Penguin Solutions posted record Q3 results, with revenue growth and EPS beating estimates, while management raised its FY2026 outlook on strong AI-driven demand. MarketWatch article
• Positive Sentiment: Analysts turned more bullish after the report, with Citizens JMP and Needham both lifting price targets, signaling growing confidence in the company’s growth trajectory. Benzinga article
• Positive Sentiment: Barclays also raised its price target, reflecting continued analyst attention, though its “equal weight” rating and target below the current share price suggest some caution on valuation. Benzinga article
• Positive Sentiment: Several articles highlighted expanding AI customer wins, a growing pipeline, and new Nvidia-related momentum, all of which improve revenue visibility and support the bullish narrative. Yahoo Finance article
• Neutral Sentiment: Investor interest also rose sharply in options trading, showing increased speculation around the stock after the earnings release.

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.