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Director Penny Herscher of Penguin Solutions, Inc. (NASDAQ:PENG) sold a total of 2,728 shares of common stock in two separate transactions, netting approximately $69,064. The sales come as PENG trades near its 52-week high of $25.94, having delivered an impressive 29.65% return year-to-date.
On July 15, 2025, Herscher sold 2,046 shares at a weighted average price of $25.422, with prices ranging from $25.35 to $25.50. Following this transaction, Herscher directly owns 18,222 shares.
The second sale occurred on July 17, 2025, with Herscher selling 682 shares at a weighted average price of $25.0015, in a range of $25.00 to $25.01. Following this transaction, Herscher directly owns 17,540 shares.
These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 7, 2024. Herscher also indirectly owns 4,584 shares through a family trust. According to InvestingPro analysis, PENG currently appears undervalued, with 12 additional exclusive insights available to subscribers.
In other recent news, Penguin Solutions reported its fiscal third-quarter 2025 earnings, which surpassed analyst expectations with adjusted earnings per share of $0.47, beating the consensus estimate of $0.32. Despite this earnings beat, the company experienced a revenue shortfall, reporting $324 million against the expected $330.79 million, though this still marked a 7.9% year-over-year growth. The Integrated Memory segment notably outperformed, generating $130.1 million in revenue, exceeding expectations of $116.5 million. Analysts from Loop Capital raised their price target for the company to $35, maintaining a Buy rating, while Citizens JMP reiterated a Market Outperform rating with a $26 price target. Loop Capital highlighted Penguin Solutions’ growing customer base, noting five new customer acquisitions, including a significant order from SK Group valued at $35 million. The company also maintained its fiscal year 2025 revenue growth outlook at 17% and raised its diluted EPS outlook to $1.80 at the midpoint. CEO Mark Adams emphasized continued growth prospects in the Advanced Computing segment, despite revenues in this area falling below consensus expectations. Penguin Solutions is also exploring opportunities in AI infrastructure, with potential deals in South Korea and the United States through its partnership with SK Group.
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