Smartsheet Inc (NYSE:SMAR) Director Geoffrey T. Barker sold 200,000 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $38.34, for a total value of $7,668,000.00.
NYSE:SMAR opened at $41.02 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 stock’s 50 day moving average price is $42.04 and its two-hundred day moving average price is $44.67. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of -66.16 and a beta of 1.94. Smartsheet Inc has a 12-month low of $20.34 and a 12-month high of $55.79.
Smartsheet (NYSE:SMAR) last released its quarterly earnings data on Wednesday, September 4th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.09. The firm had revenue of $64.64 million for the quarter, compared to analyst estimates of $63.55 million. Smartsheet had a negative return on equity of 24.74% and a negative net margin of 30.10%. The business’s revenue for the quarter was up 52.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.08) earnings per share. Equities research analysts expect that Smartsheet Inc will post -0.92 EPS for the current year.
Several brokerages recently commented on SMAR. Zacks Investment Research cut Smartsheet from a “buy” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. increased their price target on Smartsheet from $47.00 to $48.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. ValuEngine cut Smartsheet from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Berenberg Bank began coverage on Smartsheet in a research report on Thursday. They set a “buy” rating and a $48.00 price target for the company. Finally, Jefferies Financial Group reissued a “buy” rating and set a $52.00 price target on shares of Smartsheet in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $51.62.
Large investors have recently added to or reduced their stakes in the business. Evolution Wealth Advisors LLC bought a new stake in Smartsheet in the second quarter valued at approximately $93,000. Meadow Creek Investment Management LLC raised its stake in Smartsheet by 76.9% in the second 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 during the period. SG Americas Securities LLC increased its stake in shares of Smartsheet by 52.7% during the second quarter. SG Americas Securities LLC now owns 7,825 shares of the company’s stock worth $379,000 after purchasing an additional 2,700 shares during the period. Highland Private Wealth Management bought a new position in shares of Smartsheet during the second quarter worth approximately $958,000. Finally, Atria Investments LLC bought a new position in shares of Smartsheet during the second quarter worth approximately $1,191,000. Hedge funds and other institutional investors own 73.34% of the company’s stock.
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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