S&P 500 climbs to record high as in-line inflation data point to Fed rate cut
Penumbra Inc (NASDAQ:PEN) CEO Adam Elsesser sold a total of $4,260,456 in company stock on September 3, 2025. The sales involved 2351 shares at a weighted average price of $268.41, 4674 shares at a weighted average price of $269.26, 7575 shares at a weighted average price of $270.09 and 1200 shares at a weighted average price of $270.81. The prices for these transactions ranged from $267.67 to $271.08. The stock, currently trading at $279.72, appears overvalued according to InvestingPro analysis, with the shares up 37% over the past year and trading at a P/E ratio of 72.5.
On the same day, Elsesser exercised stock options to acquire 27,980 shares of Penumbra at a price of $30, for a total value of $839,400.
Following these transactions, Elsesser directly owns 182,460 shares of Penumbra. Additionally, 577,582 shares are held indirectly through the Siegel/Elsesser Revocable Trust.
In other recent news, Penumbra Inc. reported its second-quarter 2025 earnings, surpassing both earnings per share (EPS) and revenue forecasts. The company achieved an EPS of $0.86, exceeding the anticipated $0.83, and posted a revenue of $339.5 million, which was above the expected $327.77 million. UBS responded to these results by raising its price target for Penumbra to $335 from $330, maintaining a Buy rating due to the solid growth demonstrated. Meanwhile, RBC Capital adjusted its price target slightly downward to $325 from $330, citing margin outlook concerns, although it still maintained an Outperform rating. Evercore ISI initiated coverage on Penumbra with an Outperform rating, citing potential growth as headwinds in China ease and new products launch. The firm highlighted the STORM PE product as having a significant revenue opportunity. Additionally, Penumbra announced the promotion of Shruthi Narayan to President, effective September 1, 2025. Narayan has been with the company since 2013 and will continue to report to CEO Adam Elsesser.
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