Penguin Solutions (PENG) SVP Clark Sells $45K of Stock

By TradeTexts Research Desk Oct 26, 2026, 8:01 PM EDT

Key Points

Joseph Gates Clark, an officer at Penguin Solutions, sold 869 shares on October 23, 2026, reducing his stake by about 1%.
After the trade, Joseph Gates Clark holds 85,853 $PENG shares, down 1% from before the trade.
The stock closed at $53.41 on the same day, while it has recently traded around $54.94, about 2.9% above the closing price.
Penguin Solutions has a market cap of about $2.74 billion and a current P/E ratio of 20.54.

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On October 23, 2026, Joseph Gates Clark, an officer at Penguin Solutions, Inc. (PENG), sold 869 shares at a price of $51.52 each, totaling $44,770.88. This transaction was reported through a Form 4 filing with the SEC, as insiders must disclose trades within two business days.

Clark's sale reduced his total holdings to 85,853 shares, representing a decrease of about 1%. This trade was planned, indicating it was likely part of a strategy rather than a reaction to market conditions.

PENG Penguin Solutions, Inc.

$53.41 +163.36% year to date

Daily close · Oct 23, 2026

Penguin Solutions, Inc. Stock Up 5.8%

The stock closed at $53.41 on October 23, 2026, and has been recently trading around $54.94, which is about 2.9% above the closing price. However, it remains below its 50-day moving average of $56.28 by about 2.4%. The stock is currently down about 38.9% from its 52-week high of $89.86 and up 242.5% from its 52-week low of $16.04.

Recent Earnings

Penguin Solutions reported trailing twelve-month revenue of approximately $1.73 billion, with a year-over-year revenue growth of 67.7%. The company has a net margin of 10.4% and a return on equity of 27.6%. Its next earnings report is expected on January 5, 2027.

Analysts Set New Price Targets

On October 7, 2026, several analysts maintained their ratings on Penguin Solutions. Rosenblatt raised its price target to $100 while maintaining a Buy rating. Stifel and Needham also kept their Buy ratings, with targets of $85. Barclays maintained an Underweight rating with a target of $60. The average target price from analysts is $85.63.

About Penguin Solutions

Penguin Solutions, Inc. designs and manages data centers for various clients, including enterprises and AI initiatives. The company operates in technology services and has been expanding its market presence. This recent insider activity reflects ongoing engagement from management amid significant market fluctuations.

Bottom Line

Joseph Gates Clark's recent sale is part of a broader trend of insider trading at Penguin Solutions. Investors should keep an eye on the upcoming earnings report on January 5, 2027, and any further insider transactions, which can provide insight into management's outlook on the company.