Smart Sand, Inc. (NASDAQ:SND) Director Sells $8,902,183.36 in Stock

Smart Sand, Inc. (NASDAQ:SND – Get Rating) Director Clearlake Capital Group, L.P. sold 5,175,688 shares of the company’s stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $1.72, for a total transaction of $8,902,183.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Smart Sand Stock Performance

Smart Sand stock opened at $1.78 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.31 and a quick ratio of 0.92. Smart Sand, Inc. has a one year low of $1.37 and a one year high of $4.95. The company’s fifty day moving average price is $1.90 and its two-hundred day moving average price is $1.85. The company has a market capitalization of $81.58 million, a price-to-earnings ratio of -88.96 and a beta of 1.50.

Smart Sand (NASDAQ:SND – Get Rating) last released its quarterly earnings results on Tuesday, February 28th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.08. Smart Sand had a negative net margin of 0.27% and a negative return on equity of 0.29%. The company had revenue of $73.83 million during the quarter, compared to analysts’ expectations of $63.35 million. On average, analysts forecast that Smart Sand, Inc. will post 0.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on SND shares. TheStreet raised shares of Smart Sand from a “d+” rating to a “c-” rating in a research report on Friday, November 25th. StockNews.com raised shares of Smart Sand from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Piper Sandler increased their target price on shares of Smart Sand from $2.25 to $2.50 and gave the stock a “neutral” rating in a research report on Friday, November 18th.

Institutional Investors Weigh In On Smart Sand

Hedge funds have recently bought and sold shares of the company. Prescott Group Capital Management L.L.C. bought a new stake in shares of Smart Sand in the third quarter valued at about $960,000. SailingStone Capital Partners LLC bought a new position in Smart Sand during the second quarter worth about $607,000. Atlas Private Wealth Advisors lifted its stake in Smart Sand by 8.6% during the second quarter. Atlas Private Wealth Advisors now owns 128,745 shares of the company’s stock worth $257,000 after purchasing an additional 10,154 shares during the period. Occudo Quantitative Strategies LP bought a new position in Smart Sand during the second quarter worth about $142,000. Finally, Goldman Sachs Group Inc. bought a new position in Smart Sand during the first quarter worth about $105,000. 30.06% of the stock is currently owned by institutional investors.

About Smart Sand

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Smart Sand, Inc engages in supplying frac sand and related services. The firm offers complete mine to wellsite proppant supply and logistics solutions. It supplies industrial sand to the oil and gas industry. The company was founded on July 19, 2011 and is headquartered in Spring, TX.