Smartsheet Inc (NYSE:SMAR - Get Free Report) insider Jolene Lau Marshall sold 3,205 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $55.92, for a total transaction of $179,223.60. Following the sale, the insider now directly owns 18,695 shares in the company, valued at $1,045,424.40. This trade represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Jolene Lau Marshall also recently made the following trade(s):
- On Tuesday, October 1st, Jolene Lau Marshall sold 3,571 shares of Smartsheet stock. The shares were sold at an average price of $55.37, for a total transaction of $197,726.27.
- On Friday, September 13th, Jolene Lau Marshall sold 3,571 shares of Smartsheet stock. The stock was sold at an average price of $50.59, for a total transaction of $180,656.89.
Smartsheet Stock Performance
NYSE SMAR opened at $55.89 on Wednesday. Smartsheet Inc has a 1 year low of $35.52 and a 1 year high of $56.55. The business's fifty day moving average is $54.99 and its two-hundred day moving average is $48.10. The stock has a market capitalization of $7.77 billion, a P/E ratio of -180.28 and a beta of 0.74.
917 Trades… Zero Losses?
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Smartsheet (NYSE:SMAR - Get Free Report) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.15. The firm had revenue of $276.41 million during the quarter, compared to analyst estimates of $274.23 million. Smartsheet had a negative net margin of 4.07% and a negative return on equity of 4.29%. The company's revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.23) EPS. On average, research analysts forecast that Smartsheet Inc will post -0.05 earnings per share for the current year.
Smartsheet announced that its board has authorized a share buyback program on Thursday, September 5th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.
Analyst Ratings Changes
Several equities analysts have recently commented on SMAR shares. Citigroup reaffirmed a "neutral" rating and set a $56.50 target price (down from $63.00) on shares of Smartsheet in a report on Friday, September 27th. Needham & Company LLC restated a "hold" rating and set a $57.00 price objective on shares of Smartsheet in a research note on Tuesday, September 24th. William Blair reiterated a "market perform" rating on shares of Smartsheet in a research note on Wednesday, September 25th. Morgan Stanley upped their price target on shares of Smartsheet from $55.00 to $57.00 and gave the stock an "overweight" rating in a research report on Friday, September 6th. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Smartsheet in a report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $55.82.
Get Our Latest Stock Report on SMAR
Institutional Trading of Smartsheet
A number of institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. raised its stake in shares of Smartsheet by 20.3% in the 1st quarter. Sei Investments Co. now owns 147,306 shares of the company's stock valued at $5,671,000 after acquiring an additional 24,823 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Smartsheet by 5.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 128,873 shares of the company's stock worth $4,962,000 after purchasing an additional 6,260 shares during the period. Vanguard Group Inc. lifted its position in shares of Smartsheet by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 13,809,208 shares of the company's stock worth $531,655,000 after purchasing an additional 225,390 shares during the last quarter. Covestor Ltd boosted its stake in Smartsheet by 37.5% during the 1st quarter. Covestor Ltd now owns 2,899 shares of the company's stock valued at $112,000 after purchasing an additional 790 shares during the period. Finally, Bessemer Group Inc. grew its holdings in Smartsheet by 1.3% in the 1st quarter. Bessemer Group Inc. now owns 39,271 shares of the company's stock valued at $1,512,000 after buying an additional 500 shares during the last quarter. 90.01% of the stock is currently owned by institutional investors and hedge funds.
About Smartsheet
(
Get Free Report)
Smartsheet, Inc engages in managing and automating collaborative work. Its platform provides solutions that eliminate the obstacles to capturing information, including a familiar and intuitive spreadsheet interface as well as easily customizable forms. The company was founded by W. Eric Browne, Maria Colacurcio, John D.
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