Insider Selling: Smartsheet Inc (NYSE:SMAR) Insider Sells 10,000 Shares of Stock

Smartsheet Inc (NYSE:SMAR) insider Kara Hamilton sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $40.18, for a total transaction of $401,800.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Kara Hamilton also recently made the following trade(s):

  • On Tuesday, April 23rd, Kara Hamilton sold 7,500 shares of Smartsheet stock. The stock was sold at an average price of $41.20, for a total transaction of $309,000.00.
  • On Monday, March 25th, Kara Hamilton sold 7,500 shares of Smartsheet stock. The stock was sold at an average price of $41.25, for a total transaction of $309,375.00.
  • On Monday, February 25th, Kara Hamilton sold 7,500 shares of Smartsheet stock. The stock was sold at an average price of $37.26, for a total transaction of $279,450.00.
  • On Wednesday, January 23rd, Kara Hamilton sold 7,500 shares of Smartsheet stock. The stock was sold at an average price of $27.87, for a total transaction of $209,025.00.
  • On Wednesday, January 9th, Kara Hamilton sold 2,500 shares of Smartsheet stock. The stock was sold at an average price of $26.00, for a total transaction of $65,000.00.

Shares of SMAR opened at $41.80 on Friday. Smartsheet Inc has a 12 month low of $18.06 and a 12 month high of $49.04. The firm has a market cap of $4.41 billion and a PE ratio of -67.42. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.01.

Smartsheet (NYSE:SMAR) last posted its earnings results on Tuesday, March 19th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.12. The business had revenue of $52.20 million for the quarter, compared to analyst estimates of $49.72 million. Smartsheet had a negative net margin of 30.32% and a negative return on equity of 49.01%. Smartsheet’s revenue was up 58.2% compared to the same quarter last year. Equities research analysts forecast that Smartsheet Inc will post -1 earnings per share for the current fiscal year.

Several research firms have commented on SMAR. Jefferies Financial Group lifted their target price on shares of Smartsheet from $38.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Zacks Investment Research cut shares of Smartsheet from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. SunTrust Banks upped their price target on shares of Smartsheet to $56.00 and gave the stock a “positive” rating in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Canaccord Genuity reaffirmed a “buy” rating and issued a $53.00 price target (up from $35.00) on shares of Smartsheet in a research note on Wednesday, March 20th. Finally, DA Davidson assumed coverage on shares of Smartsheet in a research note on Thursday, March 21st. They issued a “neutral” rating and a $45.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $51.18.

Institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its holdings in shares of Smartsheet by 240.2% in the first quarter. BNP Paribas Arbitrage SA now owns 660 shares of the company’s stock worth $27,000 after acquiring an additional 466 shares during the last quarter. Caz Investments LP increased its position in shares of Smartsheet by 100.0% during the 4th quarter. Caz Investments LP now owns 1,200 shares of the company’s stock valued at $30,000 after purchasing an additional 600 shares during the last quarter. Neuburgh Advisers LLC increased its holdings in Smartsheet by 90.9% in the 4th quarter. Neuburgh Advisers LLC now owns 1,386 shares of the company’s stock worth $34,000 after acquiring an additional 660 shares during the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in Smartsheet in the 4th quarter worth about $36,000. Finally, Intellectus Partners LLC purchased a new position in Smartsheet during the 4th quarter valued at about $37,000. 48.76% of the stock is owned by institutional investors.

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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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