Smart Sand Inc (NYSE:SND) CFO Lee E. Beckelman sold 7,882 shares of the stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $17.50, for a total value of $137,935.00. Following the sale, the chief financial officer now directly owns 88,631 shares of the company’s stock, valued at approximately $1,551,042.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Smart Sand Inc (NYSE:SND) opened at 17.80 on Monday. The stock has a market cap of $394.95 million and a price-to-earnings ratio of 1977.78. The company has a 50-day moving average price of $17.68 and a 200-day moving average price of $15.22. Smart Sand Inc has a 52 week low of $10.30 and a 52 week high of $19.84.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hawkins Capital L.P. acquired a new position in shares of Smart Sand during the fourth quarter valued at about $297,000. State Street Corp acquired a new position in shares of Smart Sand during the fourth quarter valued at about $2,198,000. Russell Investments Group Ltd. acquired a new position in shares of Smart Sand during the fourth quarter valued at about $2,216,000. Finally, FMR LLC acquired a new position in shares of Smart Sand during the fourth quarter valued at about $24,331,000.
A number of research firms have recently weighed in on SND. Goldman Sachs Group, Inc. (The) lowered Smart Sand from a “buy” rating to a “neutral” rating and set a $17.00 price objective for the company. in a research note on Friday, January 20th. Jefferies Group LLC increased their price objective on Smart Sand from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, January 19th. Johnson Rice began coverage on Smart Sand in a research note on Monday, January 9th. They set an “accumulate” rating and a $20.00 price objective for the company. Zacks Investment Research raised Smart Sand from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Wednesday, February 1st. Finally, Tudor Pickering began coverage on Smart Sand in a research note on Wednesday, December 7th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Smart Sand has an average rating of “Buy” and an average price target of $17.18.
Smart Sand Company Profile
Smart Sand, Inc is a producer of Northern White raw frac sand. The Company sells its products primarily to oil and natural gas exploration and production companies, and oilfield service companies. The Company owns and operates a raw frac sand mine and related processing facility near Oakdale, Wisconsin, at which it has approximately 244 million tons of proven recoverable sand reserves and approximately 92 million tons of probable recoverable sand reserves as of December 31, 2015, respectively.
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