These insider sales are small and follow a strong earnings report, making them uninformative. Traders should focus on the company's Q2 growth trajectory and 10-20% volume guidance for future moves, not this insider activity.
Price Chart
Executive Summary
Two Smart Sand insiders sold shares totaling $146K in open-market transactions within a week of the company reporting record Q2 2026 earnings. While the cluster size is modest relative to SND's $216M market cap (0.07%), the sales occurred shortly after a strong earnings beat and raised guidance, suggesting profit-taking rather than a negative signal.
Key Financial Metrics
Key Facts
- Director Spurlin Sharon sold 15,000 shares at $5.06 ($75,900) on 2026-08-14.
- VP of Accounting Green Christopher M. sold 13,874 shares at $5.06 ($70,202) on 2026-08-14.
- Total open-market sales of $146K represent 0.07% of SND's $216M market cap — below the 0.1% materiality threshold.
- Q2 2026 earnings (8-K filed 2026-08-11) showed revenue surged 34% YoY to $115.1M and net income of $10.2M ($0.26/share).
- Company raised full-year sales volume guidance by 10-20% in the same 8-K.
- Sales are likely routine post-earnings profit-taking, not an informed bearish signal.
Financial Impact
Insider sales total $146K, 0.07% of market cap — trivial economic impact.
Risk Factors
- Insiders may continue selling post-earnings, but the cluster is too small to signal deterioration.
- No analyst upgrades or downgrades post-Q2 — 0% analyst bullishness (3 Hold, 5 Sell/Strong Sell) suggests limited institutional enthusiasm despite strong results.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SND-1787033929232 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 24, 2026 9w ago | Insider Cluster | $4.69 $5.07 | ▲ +8.10% | ▲ +7.85% | $4.97 (+5.97%) |
Aug 19, 2026 9w ago | Insider Cluster | $4.85 $5.38 | ▲ +10.93% | ▲ +10.93% | $4.97 (+2.47%) |
Aug 19, 2026 9w ago | Insider Cluster | $4.85 $5.38 | ▲ +10.93% | ▲ +10.93% | $4.97 (+2.47%) |
Aug 19, 2026 9w ago | 144 | $4.85 $5.38 | ▼ −10.93% | ▼ −10.93% | $4.97 (−2.47%) |
Aug 17, 2026 10w ago | Insider Cluster | $4.97 $5.31 | ▲ +6.74% | ▲ +7.73% | $4.97 (−0.00%) |
Aug 11, 2026 11w ago | 8-K | $4.96 $5.20 | ▲ +4.84% | ▲ +6.74% | $4.97 (+0.20%) |
Jun 1, 2026 21w ago | Insider Cluster | $4.91 $4.73 | ▼ −3.67% | ▼ −2.10% | $4.97 (+1.22%) |
May 12, 2026 24w ago | 8-K | $4.61 $5.19 | ▲ +12.58% | ▲ +13.19% | $4.97 (+7.81%) |
Apr 22, 2026 26w ago | DEFA14A | $5.28 $4.88 | ▼ −7.58% | ▼ −12.21% | $4.97 (−5.87%) |
US Market Status
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