Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Penguin Solutions Inc shares valued at $39,865 were sold by Clark Joseph Gates on May 02 ’25. At $17.50 per share, Clark Joseph Gates sold 2,278 shares. The insider’s holdings dropped to 84,359 shares worth approximately $1.72 million following the completion of this transaction.
Also, JOSEPH CLARK purchased 2,278 shares, netting a total of over 38,521 in proceeds.
Before that, Pacheco Jack A had sold 3,219 shares from its account. In a trade valued at $64,386, the EVP, COO, Pres, Integrated Mem traded Penguin Solutions Inc shares for $20.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,219 shares, worth approximately $4.73 million.
As published in their initiating research note from JP Morgan on March 31, 2025, Penguin Solutions Inc [PENG] has been a Neutral and the price target has been revised to $20. Analysts at Loop Capital started covering the stock with ‘”a Buy”‘ outlook in a report released in early January. As of November 18, 2024, JMP Securities has initiated its “Mkt outperform” rating for PENG. Earlier on November 01, 2024, Goldman initiated its rating. Their recommendation was “a Buy” for PENG stock.
Analyzing PENG Stock Performance
On last trading session,, Penguin Solutions Inc [NASDAQ: PENG] rose 0.29% to $20.44. The stock’s lowest price that day was $20.2759, but it reached a high of $20.85 in the same session. During the last five days, there has been a surge of approximately 3.34%. Over the course of the year, Penguin Solutions Inc shares have dropped approximately -8.83%. Shares of the company reached a 52-week high of $22.67 on 02/18/25 and a 52-week low of $14.20 on 04/08/25.
Support And Resistance Levels for Penguin Solutions Inc (PENG)
According to the 24-hour chart, there is a support level at 20.19, which, if violated, would cause prices to drop to 19.95. In the upper region, resistance lies at 20.77. The next price resistance is at 21.10. RSI (Relative Strength Index) is 64.40 on the 14-day chart, showing neutral technical sentiment.
Is Penguin Solutions Inc subject to short interest?
Stocks of Penguin Solutions Inc saw a sharp rise in short interest on 2025-06-13 jumping by 1.53 million shares to 7.69 million. Data from Yahoo Finance shows that the short interest on 2025-05-15 was 6.16 million shares. A jump of 19.91% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 12.78 of the overall float, the days-to-cover ratio (short ratio) jumped to 12.78.
Which companies own the most shares of Penguin Solutions Inc (PENG)?
In terms of Penguin Solutions Inc share price expectations, FactSet research, analysts set an average price target of 23 in the next 12 months, up nearly 12.86% from the previous closing price of $20.38. Analysts anticipate Penguin Solutions Inc stock to reach 23 by 2025, with the lowest price target being 23. On October 16, 2024, Needham assigned a price target of “a Buy” to the stock and reiterated coverage with a $25.
