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

SMART Global Holdings, Inc. (NASDAQ:SGH) insider Joseph Gates Clark sold 2,529 shares of SMART Global stock in a transaction on 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 owns 92,386 shares in the company, valued at approximately $1,657,404.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

SMART Global Price Performance

Shares of SGH opened at $18.49 on Friday. SMART Global Holdings, Inc. has a 12 month low of $12.66 and a 12 month high of $29.99. The stock’s 50-day moving average price is $22.35 and its two-hundred day moving average price is $19.64. The company has a quick ratio of 2.66, a current ratio of 3.30 and a debt-to-equity ratio of 1.80.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in shares of SMART Global by 42.9% in the 1st quarter. GAMMA Investing LLC now owns 1,563 shares of the company’s stock valued at $41,000 after purchasing an additional 469 shares during the period. SummerHaven Investment Management LLC lifted its stake in shares of SMART Global by 2.3% in the 4th quarter. SummerHaven Investment Management LLC now owns 26,624 shares of the company’s stock valued at $504,000 after purchasing an additional 588 shares during the period. Yousif Capital Management LLC lifted its stake in shares of SMART Global by 2.8% in the 4th quarter. Yousif Capital Management LLC now owns 25,499 shares of the company’s stock valued at $483,000 after purchasing an additional 695 shares during the period. Van ECK Associates Corp lifted its stake in shares of SMART Global by 4.0% in the 3rd quarter. Van ECK Associates Corp now owns 19,320 shares of the company’s stock valued at $470,000 after purchasing an additional 735 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in shares of SMART Global by 2.5% in the 4th quarter. State of Alaska Department of Revenue now owns 31,940 shares of the company’s stock valued at $604,000 after purchasing an additional 767 shares during the period.

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.