Smartsheet Inc (NYSE:SMAR) CRO Michael Arntz Sells 3,055 Shares

Smartsheet Inc (NYSE:SMAR) CRO Michael Arntz sold 3,055 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $49.00, for a total value of $149,695.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Michael Arntz also recently made the following trade(s):

  • On Thursday, March 14th, Michael Arntz sold 14,000 shares of Smartsheet stock. The shares were sold at an average price of $44.21, for a total value of $618,940.00.
  • On Thursday, February 14th, Michael Arntz sold 4,000 shares of Smartsheet stock. The shares were sold at an average price of $36.38, for a total value of $145,520.00.
  • On Tuesday, January 15th, Michael Arntz sold 4,000 shares of Smartsheet stock. The shares were sold at an average price of $26.51, for a total value of $106,040.00.

Shares of SMAR stock traded up $0.17 on Monday, reaching $40.55. The company’s stock had a trading volume of 1,812,341 shares, compared to its average volume of 1,234,783. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.81 and a current ratio of 1.81. Smartsheet Inc has a 12-month low of $18.06 and a 12-month high of $49.04. The company has a market capitalization of $4.25 billion and a PE ratio of -65.40.

Smartsheet (NYSE:SMAR) last issued its quarterly earnings data on Tuesday, March 19th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.12. Smartsheet had a negative return on equity of 49.01% and a negative net margin of 30.32%. The company had revenue of $52.20 million for the quarter, compared to the consensus estimate of $49.72 million. The company’s revenue for the quarter was up 58.2% compared to the same quarter last year. On average, sell-side analysts forecast that Smartsheet Inc will post -1 EPS for the current fiscal year.

SMAR has been the topic of several research analyst reports. Stephens initiated coverage on Smartsheet in a research note on Thursday, January 3rd. They issued an “overweight” rating and a $32.00 price objective on the stock. Zacks Investment Research downgraded Smartsheet from a “buy” rating to a “hold” rating in a research report on Tuesday, February 5th. JPMorgan Chase & Co. increased their target price on Smartsheet from $33.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Royal Bank of Canada increased their target price on Smartsheet to $53.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Finally, Canaccord Genuity restated a “buy” rating and set a $53.00 target price (up previously from $35.00) on shares of Smartsheet in a research report on Wednesday, March 20th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Smartsheet currently has an average rating of “Buy” and an average target price of $49.09.

Several hedge funds have recently modified their holdings of the stock. Caz Investments LP raised its position in shares of Smartsheet by 100.0% in the fourth quarter. Caz Investments LP now owns 1,200 shares of the company’s stock worth $30,000 after buying an additional 600 shares in the last quarter. Neuburgh Advisers LLC increased its stake in Smartsheet by 90.9% in the fourth quarter. Neuburgh Advisers LLC now owns 1,386 shares of the company’s stock valued at $34,000 after acquiring an additional 660 shares during the last quarter. Flinton Capital Management LLC increased its stake in Smartsheet by 90.9% in the fourth quarter. Flinton Capital Management LLC now owns 2,142 shares of the company’s stock valued at $53,000 after acquiring an additional 1,020 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new position in Smartsheet in the fourth quarter valued at $36,000. Finally, Intellectus Partners LLC bought a new position in Smartsheet in the fourth quarter valued at $37,000. Institutional investors own 49.77% of the company’s stock.

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Smartsheet Company Profile

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

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