Smartsheet Inc (SMAR) CFO Sells $410,000.00 in Stock

Smartsheet Inc (NYSE:SMAR) CFO Jennifer Ceran sold 10,000 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $41.00, for a total value of $410,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Jennifer Ceran also recently made the following trade(s):

  • On Friday, March 22nd, Jennifer Ceran sold 100,000 shares of Smartsheet stock. The stock was sold at an average price of $42.63, for a total value of $4,263,000.00.

Shares of SMAR stock opened at $40.17 on Wednesday. Smartsheet Inc has a 12-month low of $19.12 and a 12-month high of $49.04. The company has a market capitalization of $4.13 billion and a P/E ratio of -64.79. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.81 and a quick ratio of 1.81.

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 analysts’ consensus estimates 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 business had revenue of $52.20 million during the quarter, compared to analyst estimates of $49.72 million. Smartsheet’s revenue for the quarter was up 58.2% compared to the same quarter last year. Equities research analysts forecast that Smartsheet Inc will post -1 EPS for the current fiscal year.

A number of analysts have recently weighed in on SMAR shares. Stephens reiterated a “buy” rating and set a $55.00 price target on shares of Smartsheet in a research report on Tuesday, April 23rd. Needham & Company LLC started coverage on Smartsheet in a research report on Thursday, April 11th. They set a “buy” rating and a $45.00 price target on the stock. Zacks Investment Research upgraded Smartsheet from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Friday, March 22nd. Jefferies Financial Group increased their price target on Smartsheet from $38.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $53.00 price target (up from $35.00) on shares of Smartsheet in a research report on Wednesday, March 20th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Smartsheet currently has a consensus rating of “Buy” and an average target price of $51.18.

A number of hedge funds have recently modified their holdings of SMAR. Whale Rock Capital Management LLC grew its holdings in Smartsheet by 320.6% in the 4th quarter. Whale Rock Capital Management LLC now owns 2,687,999 shares of the company’s stock worth $66,824,000 after buying an additional 2,048,846 shares in the last quarter. CI Investments Inc. bought a new position in Smartsheet in the 4th quarter worth approximately $40,607,000. TimesSquare Capital Management LLC bought a new position in Smartsheet in the 1st quarter worth approximately $22,129,000. Morgan Stanley grew its holdings in Smartsheet by 1,011.4% in the 3rd quarter. Morgan Stanley now owns 592,133 shares of the company’s stock worth $18,510,000 after buying an additional 538,853 shares in the last quarter. Finally, Blair William & Co. IL boosted its stake in Smartsheet by 1,016.7% during the 1st quarter. Blair William & Co. IL now owns 590,790 shares of the company’s stock valued at $24,098,000 after purchasing an additional 537,885 shares in the last quarter. 37.98% of the stock is owned by institutional investors and hedge funds.

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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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