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 firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $17.94, for a total transaction of $45,370.26. Following the completion of the sale, the insider now owns 92,386 shares of the company’s stock, valued at $1,657,404.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

SMART Global Stock Up 4.1 %

SGH stock opened at $18.49 on Friday. The firm has a 50 day moving average price of $22.35 and a 200-day moving average price of $19.64. SMART Global Holdings, Inc. has a 52-week low of $12.66 and a 52-week high of $29.99. The company has a current ratio of 3.30, a quick ratio of 2.66 and a debt-to-equity ratio of 1.80.

Institutional Investors Weigh In On SMART Global

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC increased its position in shares of SMART Global by 75.6% during the fourth 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 in the last quarter. Deutsche Bank AG grew its position in SMART Global by 46.3% in the 3rd quarter. Deutsche Bank AG now owns 482,967 shares of the company’s stock worth $11,760,000 after purchasing an additional 152,918 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in SMART Global in the 3rd quarter worth approximately $1,994,000. American Century Companies Inc. grew its position in SMART Global by 42.3% in the 3rd quarter. American Century Companies Inc. now owns 292,916 shares of the company’s stock worth $7,133,000 after purchasing an additional 87,035 shares during the period. Finally, Illinois Municipal Retirement Fund bought a new stake in SMART Global in the 3rd quarter worth approximately $702,000.

Analyst Ratings Changes

Several analysts have commented on SGH shares. Stifel Nicolaus raised their price objective on shares of SMART Global from $26.00 to $27.50 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Needham & Company LLC reiterated a “buy” rating and set a $27.00 target price on shares of SMART Global in a 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.