Smartsheet Inc (NYSE:SMAR) CRO Michael Arntz sold 4,000 shares of Smartsheet stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $40.40, for a total transaction of $161,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Michael Arntz also recently made the following trade(s):
- On Wednesday, March 20th, Michael Arntz sold 3,055 shares of Smartsheet stock. The shares were sold at an average price of $49.00, for a total value of $149,695.00.
- 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.
NYSE:SMAR traded down $1.78 during trading hours on Friday, reaching $40.21. The stock had a trading volume of 8,749 shares, compared to its average volume of 1,234,091. Smartsheet Inc has a 52 week low of $19.12 and a 52 week high of $49.04. The company has a market cap of $4.40 billion and a price-to-earnings ratio of -64.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.81 and a quick ratio of 1.81.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its position in Smartsheet by 240.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 660 shares of the company’s stock valued at $27,000 after acquiring an additional 466 shares during the last quarter. Caz Investments LP grew its stake in Smartsheet by 100.0% in the 4th quarter. Caz Investments LP now owns 1,200 shares of the company’s stock worth $30,000 after acquiring an additional 600 shares in the last quarter. Neuburgh Advisers LLC grew its stake 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 in the last quarter. Oregon Public Employees Retirement Fund bought a new position in Smartsheet in the 4th quarter worth about $36,000. Finally, Intellectus Partners LLC bought a new position in Smartsheet in the 4th quarter worth about $37,000. 37.34% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently issued reports on SMAR shares. Stephens reaffirmed a “buy” rating and set a $55.00 price objective on shares of Smartsheet in a research note on Tuesday, April 23rd. Needham & Company LLC started coverage on Smartsheet in a research note on Thursday, April 11th. They issued a “buy” rating and a $45.00 target price on the stock. Oppenheimer initiated coverage on Smartsheet in a research report on Thursday, April 4th. They issued an “outperform” rating and a $50.00 price objective on the stock. Zacks Investment Research cut shares of Smartsheet from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. Finally, DA Davidson assumed coverage on shares of Smartsheet in a research report on Thursday, March 21st. They set a “neutral” rating and a $45.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $51.18.
ILLEGAL ACTIVITY NOTICE: “Michael Arntz Sells 4,000 Shares of Smartsheet Inc (NYSE:SMAR) Stock” was first posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://www.baseballdailydigest.com/news/2019/05/10/smartsheet-inc-smar-cro-sells-161600-00-in-stock.html.
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.
Read More: How Do Front-End Loads Impact an Investment?
Receive News & Ratings for Smartsheet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smartsheet and related companies with MarketBeat.com's FREE daily email newsletter.