Smartsheet Inc (NYSE:SMAR) insider Kara Hamilton sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $54.25, for a total transaction of $542,500.00. Following the transaction, the insider now directly owns 13,980 shares of the company’s stock, valued at $758,415. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Kara Hamilton also recently made the following trade(s):
- On Friday, June 19th, Kara Hamilton sold 10,000 shares of Smartsheet stock. The stock was sold at an average price of $51.08, for a total transaction of $510,800.00.
- On Tuesday, May 5th, Kara Hamilton sold 10,000 shares of Smartsheet stock. The stock was sold at an average price of $54.21, for a total transaction of $542,100.00.
- On Thursday, April 9th, Kara Hamilton sold 10,000 shares of Smartsheet stock. The stock was sold at an average price of $44.85, for a total transaction of $448,500.00.
Shares of NYSE SMAR opened at $52.70 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.85 and a current ratio of 2.85. Smartsheet Inc has a 52 week low of $30.91 and a 52 week high of $60.45. The stock has a market capitalization of $6.31 billion, a P/E ratio of -59.21 and a beta of 1.60. The stock’s fifty day moving average is $51.90 and its 200 day moving average is $47.72.
Smartsheet (NYSE:SMAR) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.11) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.08. Smartsheet had a negative return on equity of 19.19% and a negative net margin of 34.62%. The company had revenue of $85.50 million for the quarter, compared to analysts’ expectations of $81.40 million. During the same quarter last year, the business earned ($0.12) earnings per share. Smartsheet’s revenue was up 52.1% on a year-over-year basis. Equities research analysts forecast that Smartsheet Inc will post -1.13 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Covington Capital Management bought a new position in Smartsheet in the fourth quarter valued at about $25,000. Advisor Group Inc. grew its position in Smartsheet by 42.6% in the fourth quarter. Advisor Group Inc. now owns 830 shares of the company’s stock valued at $37,000 after acquiring an additional 248 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in Smartsheet in the first quarter valued at about $42,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Smartsheet in the fourth quarter valued at about $54,000. Finally, Valeo Financial Advisors LLC grew its position in Smartsheet by 196.1% in the first quarter. Valeo Financial Advisors LLC now owns 1,510 shares of the company’s stock valued at $67,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.
Several brokerages have recently weighed in on SMAR. Royal Bank of Canada raised their price target on shares of Smartsheet from $48.00 to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. DA Davidson increased their price objective on Smartsheet from $37.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. Zacks Investment Research raised Smartsheet from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Friday, June 19th. ValuEngine raised Smartsheet from a “hold” rating to a “buy” rating in a report on Tuesday, March 17th. Finally, Jefferies Financial Group cut their price target on Smartsheet from $55.00 to $50.00 in a report on Thursday, June 4th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $52.44.
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: Understanding Price to Earnings Ratio (PE)
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.