The insider sales are small relative to market cap and follow a strong earnings beat, suggesting routine portfolio diversification rather than a bearish signal. The CFO's sale aligns with his planned departure in January 2027. Monitor for any additional insider selling above $500K in the next 30 days, which would escalate the signal. The stock's 0% analyst bullish consensus (3 Hold, 5 Sell/Strong Sell) suggests limited upside expectations already priced in.
Price Chart
Executive Summary
Three Smart Sand insiders sold a combined $323K in stock over a week, led by CFO Lee Beckelman's $240K open-market sale just 8 days after the company reported record Q2 earnings. The cluster follows a strong bullish earnings report (revenue +34% YoY to $115.1M, net income swing to $10.2M), making these sales likely liquidity-driven rather than informational — the CFO's sale coincides with his planned January 2027 departure, and the dollar amount is only ~0.15% of market cap.
Key Financial Metrics
Key Facts
- CFO Lee Beckelman sold 50,000 shares ($240K) on 2026-08-19, 8 days after record Q2 earnings
- Director Sharon Spurlin sold 17,700 shares ($90K) across two trades on 2026-08-14 and 2026-08-17
- VP of Accounting Christopher Green sold 13,874 shares ($70K) on 2026-08-14
- Total cluster value of $323K represents ~0.15% of SND's $211M market cap
- Q2 2026 earnings (filed 2026-08-11) showed revenue +34% YoY to $115.1M and net income of $10.2M ($0.26/share)
- CFO transition to James Young announced effective January 2027 — routine succession
Financial Impact
Insider sales of $323K, ~0.15% of market cap — immaterial relative to company size
Risk Factors
- CFO selling ahead of departure could signal undisclosed concerns despite routine succession framing
- Analyst consensus is heavily bearish (0% bullish) — insider sales may confirm existing negative sentiment
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-1787180606315 |
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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