Insider Selling: SMART Global Holdings, Inc. (NASDAQ:SGH) Insider Sells $45,370.26 in Stock

SMART Global Holdings, Inc. (NASDAQ:SGH) insider Joseph Gates Clark sold 2,529 shares of SMART Global stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $17.94, for a total value 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 $1,657,404.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

SMART Global Price Performance

Shares of NASDAQ:SGH opened at $18.34 on Friday. SMART Global Holdings, Inc. has a 1-year low of $12.66 and a 1-year high of $29.99. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.30 and a quick ratio of 2.66. The business has a 50-day moving average price of $22.31 and a two-hundred day moving average price of $19.57.

Hedge Funds Weigh In On SMART Global

Several institutional investors have recently modified their holdings of SGH. FMR LLC grew its position in shares of SMART Global by 66.3% during the 3rd quarter. FMR LLC now owns 2,209,647 shares of the company’s stock worth $53,805,000 after buying an additional 880,971 shares during the period. UBS Group AG grew its position in shares of SMART Global by 7,076.7% in the 4th quarter. UBS Group AG now owns 862,786 shares of the company’s stock valued at $16,333,000 after purchasing an additional 850,764 shares during the period. Vanguard Group Inc. grew its position in shares of SMART Global by 13.4% in the 4th quarter. Vanguard Group Inc. now owns 6,835,008 shares of the company’s stock valued at $129,387,000 after purchasing an additional 810,022 shares during the period. 1492 Capital Management LLC acquired a new position in shares of SMART Global in the 4th quarter valued at approximately $4,153,000. Finally, Deutsche Bank AG grew its position in shares of SMART Global by 46.3% in the 3rd quarter. Deutsche Bank AG now owns 482,967 shares of the company’s stock valued at $11,760,000 after purchasing an additional 152,918 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $27.00 price target on shares of SMART Global in a report on Monday, April 22nd. Stifel Nicolaus boosted their price objective on SMART Global from $26.00 to $27.50 and gave the stock a “buy” rating in a report on Wednesday, April 10th.

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.