Smartsheet Inc (NYSE:SMAR – Get Rating) insider Jolene Lau Marshall sold 6,001 shares of the company in a deal Wednesday, Nov. 16. The stock sold at an average price of $31.45, for a total value of $188,731.45. As a result of the transaction, the insider now owns 12,501 shares of the company, valued at $393,156.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this link.

Jolene Lau Marshall also recently made the following trades:

  • On Friday, November 4, Jolene Lau Marshall sold 6,000 shares of Smartsheet. The stock sold at an average price of $30.90, for a total value of $185,400.00.

Smartsheet Trading Down 5.0%

Shares of SMAR fell $1.53 in mid-day trading on Thursday, hitting $28.81. 1,262,080 shares of the company’s capital were traded, against an average volume of 1,732,281. The company has a market cap of $3.73 billion, a P/E ratio of -16.73, and a beta of 1.27. Smartsheet Inc has a fifty-two week low of $25.09 and a fifty-two week high of $80.89. The company’s 50-day moving average is $33.52, and its two-hundred-day moving average is $34.27.

Smartsheet (NYSE:SMAR – Get Rating) last announced its quarterly earnings data on Thursday, September 1. The company reported ($0.46) EPS for the quarter, beating analyst consensus estimates of ($0.56) by $0.10. The company reported revenue of $186.70 million during the quarter, compared to the consensus estimate of $180.56 million. Smartsheet had a negative net margin of 33.88% and a negative return on equity of 42.47%. The company’s revenues increased 41.8% over the same quarter last year. In the same quarter last year, the company earned ($0.28) earnings per share. On average, equity research analysts expect Smartsheet Inc to post -2.03 earnings per share for the current year.

Institutional income and expenses

A number of hedge funds have recently increased or decreased their stakes in the stock. Capital World Investors increased its holdings in Smartsheet by 11.2% in the first quarter. Capital World Investors now owns 15,316,599 shares of the company valued at $839,084,000 after purchasing an additional 1,542,891 shares in the recent quarter. Vanguard Group Inc. increased its holdings in Smartsheet by 2.8% in the third quarter. Vanguard Group Inc. now owns 11,759,643 shares of the company valued at $404,061,000 after purchasing an additional 319,641 shares in the recent quarter. BlackRock Inc. increased its holdings in Smartsheet by 1.3% in the third quarter. BlackRock Inc. now owns 6,565,602 shares of the company valued at $225,592,000 after purchasing an additional 83,740 shares in the recent quarter. Alliancebernstein LP increased its holdings in Smartsheet by 8.7% in the third quarter. Alliancebernstein LP now owns 3,801,949 shares of the company valued at $130,635,000 after purchasing an additional 304,815 shares in the recent quarter. Finally, Millennium Management LLC increased its stake in Smartsheet stock by 89.4% during the second quarter. Millennium Management LLC now owns 3,080,454 shares of the company valued at $96,819,000 after purchasing an additional 1,454,261 shares in the recent quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Analysts set new price targets

Numerous research analysts have commented on SMAR shares. On Friday, September 2, Canaccord Genuity Group reduced its price target on Smartsheet from $60.00 to $45.00 and set a “buy” rating on the stock in a research note. Citigroup cut its price target on Smartsheet from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, Sept. 1. William Blair reiterated an “outperform” rating on Smartsheet stock in a research report on Friday, Sept. 23. Guggenheim began coverage of Smartsheet in a report on Friday, August 12. They have issued a “buy” rating and a $48.00 price target on the stock. Finally, BMO Capital Markets lowered its price target on Smartsheet from $43.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, Sept. 2. Three investment analysts have rated the stock with a hold rating and twelve have given the company a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.59.

Smartsheet Company Profile

(Get Rating)

Smartsheet, Inc is committed to managing and automating collaborative work. Its platform provides solutions that remove barriers to information capture, including a familiar and intuitive spreadsheet interface and easily customizable forms. The company was founded by W. Eric Browne, Maria Colacurcio, John D.

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

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