Smartsheet Inc (NYSE:SMAR) Director Sells $232,312.50 in Stock

Smartsheet Inc (NYSE:SMARGet Rating) Director Elena Gomez sold 6,250 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $37.17, for a total value of $232,312.50. Following the completion of the sale, the director now owns 6,003 shares in the company, valued at approximately $223,131.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Elena Gomez also recently made the following trade(s):

  • On Monday, August 15th, Elena Gomez sold 6,250 shares of Smartsheet stock. The shares were sold at an average price of $37.39, for a total value of $233,687.50.
  • On Friday, July 15th, Elena Gomez sold 6,250 shares of Smartsheet stock. The shares were sold at an average price of $30.47, for a total value of $190,437.50.

Smartsheet Price Performance

Shares of NYSE SMAR opened at $36.31 on Friday. The stock’s fifty day moving average price is $33.91 and its two-hundred day moving average price is $39.91. Smartsheet Inc has a one year low of $27.05 and a one year high of $80.89. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of -20.87 and a beta of 1.41.

Smartsheet (NYSE:SMARGet Rating) last issued its quarterly earnings data on Thursday, September 1st. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.10. Smartsheet had a negative return on equity of 42.47% and a negative net margin of 33.88%. The firm had revenue of $186.70 million for the quarter, compared to analyst estimates of $180.56 million. During the same period in the prior year, the firm posted ($0.28) EPS. The company’s revenue for the quarter was up 41.8% on a year-over-year basis. On average, equities analysts anticipate that Smartsheet Inc will post -2.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SMAR has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price objective on Smartsheet from $80.00 to $58.00 in a research note on Wednesday, June 8th. Wells Fargo & Company dropped their price objective on Smartsheet from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 7th. DA Davidson dropped their price objective on Smartsheet from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, September 2nd. BMO Capital Markets dropped their price objective on Smartsheet from $43.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, September 2nd. Finally, Oppenheimer dropped their price objective on Smartsheet from $80.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 8th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Smartsheet currently has an average rating of “Moderate Buy” and an average target price of $49.27.

Institutional Trading of Smartsheet

Several large investors have recently modified their holdings of SMAR. Raymond James & Associates grew its holdings in shares of Smartsheet by 47.6% during the 4th quarter. Raymond James & Associates now owns 18,669 shares of the company’s stock worth $1,446,000 after purchasing an additional 6,022 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Smartsheet by 7.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 185,626 shares of the company’s stock worth $14,379,000 after purchasing an additional 12,128 shares in the last quarter. AlphaCrest Capital Management LLC grew its holdings in shares of Smartsheet by 9.4% during the 4th quarter. AlphaCrest Capital Management LLC now owns 6,487 shares of the company’s stock worth $502,000 after purchasing an additional 556 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Smartsheet by 5.5% during the 4th quarter. Principal Financial Group Inc. now owns 13,051 shares of the company’s stock worth $1,011,000 after purchasing an additional 681 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of Smartsheet by 21.7% during the 4th quarter. Teacher Retirement System of Texas now owns 23,370 shares of the company’s stock worth $1,810,000 after purchasing an additional 4,166 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Smartsheet Company Profile

(Get Rating)

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.

Further Reading

Insider Buying and Selling by Quarter for Smartsheet (NYSE:SMAR)

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