Insider Selling: SMART Global Holdings, Inc. (NASDAQ:SGH) Insider Sells 2,529 Shares of Stock

SMART Global Holdings, Inc. (NASDAQ:SGH) insider Joseph Gates Clark sold 2,529 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $17.94, for a total transaction of $45,370.26. Following the completion of the transaction, the insider now directly owns 92,386 shares of the company’s stock, valued at approximately $1,657,404.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

SMART Global Trading Up 4.1 %

Shares of SMART Global stock traded up $0.73 during trading hours on Thursday, hitting $18.49. The company’s stock had a trading volume of 1,330,165 shares, compared to its average volume of 1,127,760. SMART Global Holdings, Inc. has a 1-year low of $12.66 and a 1-year high of $29.99. The business has a fifty day moving average of $22.41 and a 200 day moving average of $19.65. The company has a market capitalization of $967.03 million, a PE ratio of -5.02 and a beta of 1.74. The company has a quick ratio of 2.66, a current ratio of 3.30 and a debt-to-equity ratio of 1.80.

Institutional Investors Weigh In On SMART Global

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC boosted its stake in SMART Global by 75.6% during the 4th quarter. SG Americas Securities LLC now owns 234,927 shares of the company’s stock valued at $4,447,000 after acquiring an additional 101,159 shares during the last quarter. Deutsche Bank AG boosted its stake in SMART Global by 46.3% during the 3rd quarter. Deutsche Bank AG now owns 482,967 shares of the company’s stock valued at $11,760,000 after acquiring an additional 152,918 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in SMART Global during the 3rd quarter valued at $1,994,000. American Century Companies Inc. boosted its stake in SMART Global by 42.3% during the 3rd quarter. American Century Companies Inc. now owns 292,916 shares of the company’s stock valued at $7,133,000 after acquiring an additional 87,035 shares during the last quarter. Finally, Illinois Municipal Retirement Fund bought a new position in SMART Global during the 3rd quarter valued at $702,000.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SGH shares. Stifel Nicolaus boosted their price objective on shares of SMART Global from $26.00 to $27.50 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $27.00 price target on shares of SMART Global in a research report on Monday.

About SMART Global

SMART Global Holdings, Inc, a memory-focused company, engages in the designing and development of enterprise solutions in the United States, China, Europe, and internationally. It operates through Memory Solutions, Intelligent Platform Solutions, and LED Solutions segments. The company offers dynamic random access memory modules, solid-state and flash storage, and other advanced memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.