Smart Global Holdings (SGH) Insiders Make Significant Share Sales Extending the Trend of Last Quarter

Wednesday, December 06, 2017 10:15 PM ET

Smart Global Holdings (SGH) Insiders Make Significant Share Sales Extending the Trend of Last Quarter

There was a notable level of share sales at Smart Global Holdings by insiders today, as reported in form 4 documents filed with the SEC. Four insiders — Goldberg, Patel, MacKenzie, and Marten — disposed of 201,631 shares in the company having a market value of approximately $6,472,355. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 6,058,619 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 6,260,250 shares and have averaged 894,321 shares per transaction over this time period.

In relation to the peer group over the last 90 days, insider buy/sell trading at Smart Global Holdings is above the 7-company peer group average. Memory Chips (RAM) peer group saw 16 buy/sell trades during this period for an average of 2.3 transactions per company. The number of shares per buy/sell trade for Smart Global Holdings insiders was also higher. Within the peer group there were 0 shares purchased and 6,149,655 shares sold with company insiders having sold 384,353 shares on average.

Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in creating and writing this story.

Today’s Insider Activity
* Bruce M Goldberg, Officer, sold 11,128 shares
* Mukesh Patel, Director, sold 33,458 shares
* Iain MacKenzie, Director and Officer, sold 132,045 shares
* Alan Marten, Officer, sold 25,000 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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