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Daniel Stanley Perotti, Chief Financial Officer of PennyMac Financial Services, Inc. (NYSE:PFSI), sold 5,850 shares of common stock on September 2, 2025, at a price of $108.20, for a total transaction value of $632,970. The stock has since climbed to $112.83, reflecting the company’s strong momentum with an 11.46% gain year-to-date and trading near its 52-week high of $119.13.
Following the transaction, Perotti indirectly holds 228,175 shares through The Perotti Family Trust. Perotti also directly holds 9,964 restricted stock units, which will be settled in an equal number of common stock shares upon vesting.
The sale was executed automatically under a prearranged Rule 10b5-1 trading plan adopted on June 2, 2025.
In other recent news, PennyMac Financial Services has announced the pricing of a $650 million senior notes offering at an interest rate of 6.750%, maturing in 2034. This development is part of the company’s ongoing financial strategy, with the offering expected to close in August 2025. On the analyst front, Piper Sandler has reiterated an Overweight rating for PennyMac Financial, citing potential benefits from recent mortgage rate movements. Similarly, Wells Fargo has assumed coverage with an Overweight rating, highlighting PennyMac’s strong franchise and growth opportunities. Keefe, Bruyette & Woods (KBW) has also raised its price target for PennyMac Financial to $121 from $117, maintaining an Outperform rating. This adjustment comes after recent discussions with the company’s management, leading to increased earnings estimates for future fiscal years. These updates reflect a generally positive sentiment among analysts regarding PennyMac’s strategic positioning and future prospects.
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