$PENG

7 stories mentioning PENGUpdated 20d ago

Every FINWIRES story that references PENG, newest first.

Top Midday Decliners

QumulusAI (QMLS) reported Monday the purchase of 1,632 Nvidia (NVDA) Blackwell B300 GPUs to meet demand for AI compute, with funding mainly through Technology Finance Corporation and USD.ai.Shares of QumulusAI fell 33%, with intraday trading volume of over 316,000 versus a daily average of about 187,000.Barclays downgraded Penguin Solutions (PENG) to underweight from equal weight, with a price target of $40.Late Friday, Penguin said it has closed its offering of $750.0 million of 0.00% convertible senior notes due 2031.Shares fell 11% as intraday trading volume jumped to over 4.2 million from a daily average of about 3.8 million.Tempus AI (TEM) agreed to acquire Personalis (PSNL) for a total enterprise value of $1.5 billion. Needham downgraded Personalis shares to hold from buy.Shares of Personalis slumped 12% as trading volume climbed up to over 9.5 million from a daily average of about 3.6 million.Price: $9.63, Change: $-4.65, Percent Change: -32.56%

$PENG$PSNL$QMLS$TEM

Research20d ago

Barclays Downgrades Penguin Solutions to Underweight From Equalweight, Price Target is $40

Penguin Solutions Incorporation (PENG) has an average rating of overweight and mean price target of $73.12, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$PENG

Wire27d ago

Penguin Solutions Plans $650 Million Convertible Notes Offering

Penguin Solutions (PENG) intends to offer $650 million in convertible senior notes due 2031 to institutional buyers, with initial purchasers expected to receive an option to buy up to an additional $100 million in notes, the company said Monday in a statement.Penguin expects to use the net proceeds to fund capped call transactions, pay the cash portion of exchanges for its existing 2029 and 2030 convertible notes, repay $100 million outstanding under its credit agreement, and for general corporate purposes.The company's shares fell 4.4% in after-hours trading.

$PENG

Wire47d ago

Penguin Solutions Designated as Nvidia AI Factory Specialized Partner

Penguin Solutions (PENG) said Tuesday it has become an Nvidia (NVDA) AI Factory Specialized Partner, an invitation-only specialization within Nvidia's partner network.The company said the designation recognizes its capabilities in designing, building, deploying, and operating full-stack AI factory infrastructure for enterprise and hyperscale customers.Price: $67.90, Change: $-0.04, Percent Change: -0.06%

$NVDA$PENG

Insider Trading88d ago

Penguin Solutions Insider Sold Shares Worth $537,359, According to a Recent SEC Filing

Maximiliane C Straub, Director, on May 11, 2026, sold 12,000 shares in Penguin Solutions (PENG) for $537,359. Following the Form 4 filing with the SEC, Straub has control over a total of 54,975 common shares of the company, with 54,975 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1616533/000169639326000004/xslF345X05/wk-form4_1778708868.xml

$PENG

Insider Trading88d ago

Penguin Solutions Insider Sold Shares Worth $890,346, According to a Recent SEC Filing

Sandeep Nayyar, Director, on May 11, 2026, sold 20,000 shares in Penguin Solutions (PENG) for $890,346. Following the Form 4 filing with the SEC, Nayyar has control over a total of 25,417 common shares of the company, with 25,417 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1616533/000123030726000004/xslF345X05/wk-form4_1778703824.xml

$PENG

Research109d ago

Barclays Downgrades Penguin Solutions to Equalweight From Overweight, Raises Price Target to $27 From $23

Penguin Solutions Incorporation (PENG) has an average rating of buy and mean price target of $29.29, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$PENG

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