Insider Selling: Smartsheet Inc (NYSE:SMAR) CRO Sells 15,000 Shares of Stock

Smartsheet Inc (NYSE:SMAR) CRO Michael Arntz sold 15,000 shares of Smartsheet stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $41.59, for a total transaction of $623,850.00.

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

  • On Monday, August 26th, Michael Arntz sold 93,172 shares of Smartsheet stock. The shares were sold at an average price of $50.04, for a total transaction of $4,662,326.88.
  • On Wednesday, August 14th, Michael Arntz sold 4,000 shares of Smartsheet stock. The shares were sold at an average price of $45.26, for a total transaction of $181,040.00.
  • On Monday, July 15th, Michael Arntz sold 14,000 shares of Smartsheet stock. The shares were sold at an average price of $54.14, for a total transaction of $757,960.00.

NYSE SMAR opened at $40.80 on Friday. The company has a quick ratio of 3.50, a current ratio of 3.50 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $4.47 billion, a P/E ratio of -65.81 and a beta of 2.04. Smartsheet Inc has a 12-month low of $20.34 and a 12-month high of $55.79. The firm has a 50-day moving average price of $46.70 and a two-hundred day moving average price of $44.97.

Smartsheet (NYSE:SMAR) last posted its quarterly earnings data on Wednesday, September 4th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.09. The firm had revenue of $64.64 million during the quarter, compared to the consensus estimate of $63.55 million. Smartsheet had a negative net margin of 30.10% and a negative return on equity of 24.74%. The business’s revenue for the quarter was up 52.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.08) EPS. Equities analysts expect that Smartsheet Inc will post -0.92 EPS for the current year.

Several brokerages recently commented on SMAR. Stephens reaffirmed a “buy” rating and set a $55.00 target price on shares of Smartsheet in a report on Tuesday, September 10th. JPMorgan Chase & Co. lifted their target price on shares of Smartsheet from $47.00 to $48.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Zacks Investment Research raised shares of Smartsheet from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Wednesday, September 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $60.00 target price (up previously from $45.00) on shares of Smartsheet in a report on Thursday, July 11th. Finally, Wedbush reaffirmed an “outperform” rating and set a $62.00 target price on shares of Smartsheet in a report on Friday, August 30th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $53.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of SMAR. BNP Paribas Arbitrage SA raised its position in shares of 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 buying an additional 466 shares in the last quarter. Meadow Creek Investment Management LLC raised its position in shares of Smartsheet by 76.9% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 1,840 shares of the company’s stock valued at $89,000 after buying an additional 800 shares in the last quarter. Evolution Wealth Advisors LLC acquired a new position in shares of Smartsheet in the 2nd quarter valued at approximately $93,000. Deutsche Bank AG raised its position in shares of Smartsheet by 290.0% in the 4th quarter. Deutsche Bank AG now owns 3,900 shares of the company’s stock valued at $96,000 after buying an additional 2,900 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Smartsheet in the 2nd quarter valued at approximately $111,000. 80.23% of the stock is owned by hedge funds and other institutional investors.

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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