Smartsheet Inc (NYSE:SMAR) CRO Sells $757,960.00 in Stock
Smartsheet Inc (NYSE:SMAR) CRO Michael Arntz sold 14,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $54.14, for a total value of $757,960.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Michael Arntz also recently made the following trade(s):
- On Tuesday, June 18th, Michael Arntz sold 10,945 shares of Smartsheet stock. The shares were sold at an average price of $47.80, for a total transaction of $523,171.00.
- On Tuesday, May 14th, Michael Arntz sold 4,000 shares of Smartsheet stock. The shares were sold at an average price of $40.25, for a total transaction of $161,000.00.
Shares of NYSE SMAR opened at $53.91 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average price of $48.16. Smartsheet Inc has a one year low of $20.34 and a one year high of $55.42. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of -86.95 and a beta of 2.01.
Several equities analysts have commented on the stock. Oppenheimer upped their price objective on shares of Recro Pharma from $9.00 to $15.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Needham & Company LLC reiterated a “hold” rating on shares of GrubHub in a research note on Thursday, July 11th. Stephens reiterated a “buy” rating and issued a $34.00 price target on shares of Guaranty Bancshares in a research note on Tuesday, April 23rd. Zacks Investment Research lowered shares of Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, June 13th. Finally, DA Davidson assumed coverage on shares of Arcosa in a research note on Thursday, March 21st. They issued a “buy” rating and a $29.74 price target on the stock. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $52.36.
Several hedge funds have recently added to or reduced their stakes in SMAR. Massachusetts Institute of Technology acquired a new stake in Smartsheet during the fourth quarter worth approximately $8,923,000. Raymond James & Associates acquired a new stake in shares of Smartsheet in the 4th quarter valued at $553,000. Whale Rock Capital Management LLC boosted its holdings in shares of Smartsheet by 320.6% in the 4th quarter. Whale Rock Capital Management LLC now owns 2,687,999 shares of the company’s stock valued at $66,824,000 after purchasing an additional 2,048,846 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Smartsheet in the 1st quarter valued at $209,000. Finally, Hamilton Lane Advisors LLC boosted its holdings in shares of Smartsheet by 172.0% in the 1st quarter. Hamilton Lane Advisors LLC now owns 185,822 shares of the company’s stock valued at $7,580,000 after purchasing an additional 117,493 shares in the last quarter. Institutional investors and hedge funds own 56.63% 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.
Recommended Story: How to use beta for portfolio diversification
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.