Mark Patrick Mader Sells 20,000 Shares of Smartsheet Inc (SMAR) Stock
Smartsheet Inc (NYSE:SMAR) insider Mark Patrick Mader sold 20,000 shares of the stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $25.65, for a total transaction of $513,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Smartsheet stock traded up $0.78 during midday trading on Thursday, reaching $26.98. The stock had a trading volume of 372,187 shares, compared to its average volume of 405,438. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.31 and a quick ratio of 2.31. Smartsheet Inc has a 52-week low of $18.06 and a 52-week high of $33.98.
Smartsheet (NYSE:SMAR) last posted its quarterly earnings data on Tuesday, September 4th. The company reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.08. The firm had revenue of $42.38 million during the quarter, compared to analysts’ expectations of $39.21 million. Smartsheet’s quarterly revenue was up 58.9% on a year-over-year basis. On average, equities research analysts anticipate that Smartsheet Inc will post -0.68 EPS for the current year.
Hedge funds have recently modified their holdings of the business. C M Bidwell & Associates Ltd. bought a new position in Smartsheet in the 3rd quarter worth about $109,000. Victory Capital Management Inc. bought a new position in Smartsheet in the 3rd quarter worth about $143,000. Verition Fund Management LLC bought a new position in Smartsheet in the 3rd quarter worth about $225,000. Bank of New York Mellon Corp bought a new position in Smartsheet in the 2nd quarter worth about $230,000. Finally, Russell Investments Group Ltd. bought a new position in Smartsheet in the 2nd quarter worth about $275,000. Institutional investors and hedge funds own 41.28% of the company’s stock.
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Smartsheet Inc provides cloud-based platform for execution of work. It enables teams and organizations to plan, capture, manage, automate, and report on work. The company offers Smartdashboards that provides the status of work to align individuals, managers, and executives; Smartportals to easily locate and access from any device the resources available for a project without IT assistance; Smartcards to organize, share, and act on workflows; and Smartgrids to keep teams on task by easily tracking multiple moving parts.
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