Anthony George Frey, Senior Vice President and Chief Revenue Officer at Penguin Solutions, Inc. (NASDAQ:PENG), sold $272,812 worth of company common stock on October 29, 2026, according to the source. The sales were made under a Rule 10b5-1 trading plan that Frey adopted on July 30, 2026.
The sales covered two blocks. Frey sold 3,131 shares at prices between $58.150 and $59.145 per share. He also sold 1,500 shares at prices between $59.200 and $59.790 per share. After the transactions, Frey beneficially owns 77,853 shares.
The source reports that the stock rose 133% over the past year and 165% year to date. It also cites InvestingPro analysis saying the stock appears undervalued. The source does not explain that analysis.
In recent results, Penguin Solutions reported fiscal fourth-quarter adjusted earnings of $1.00 per share and revenue of $567 million. Analysts had expected 77 cents per share and $519.9 million. The company raised its guidance for the next fiscal year to total revenue between $2,250.9 million and $2,597.2 million, a 40% year-over-year increase at the midpoint. Stifel raised its price target to $85, Rosenblatt raised its target to $100, BofA Securities initiated coverage with a Buy rating and a $100 target, and Citizens reiterated a Market Outperform rating with an $85 target.