Smartsheet Inc (NYSE:SMAR) CRO Michael Arntz sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $42.15, for a total transaction of $843,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Tuesday, October 15th, Michael Arntz sold 15,000 shares of Smartsheet stock. The shares were sold at an average price of $38.52, for a total transaction of $577,800.00.
  • On Friday, October 4th, Michael Arntz sold 20,000 shares of Smartsheet stock. The shares were sold at an average price of $38.06, for a total transaction of $761,200.00.
  • On Monday, September 16th, Michael Arntz sold 15,000 shares of Smartsheet stock. The shares were sold at an average price of $41.59, for a total transaction of $623,850.00.

Shares of SMAR opened at $41.57 on Friday. Smartsheet Inc has a 12 month low of $22.01 and a 12 month high of $55.79. The firm has a fifty day simple moving average of $42.16 and a 200 day simple moving average of $44.90. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of -67.05 and a beta of 2.02. The company has a current ratio of 3.50, a quick ratio of 3.50 and a debt-to-equity ratio of 0.08.

Smartsheet (NYSE:SMAR) last announced its earnings results on Wednesday, December 4th. The company reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.13. Smartsheet had a negative net margin of 32.50% and a negative return on equity of 26.57%. The business had revenue of $71.50 million during the quarter, compared to analysts’ expectations of $69.83 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The firm’s revenue was up 52.5% on a year-over-year basis. As a group, research analysts predict that Smartsheet Inc will post -0.88 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Smartsheet by 220.0% during the second quarter. Vanguard Group Inc. now owns 6,756,252 shares of the company’s stock worth $327,002,000 after purchasing an additional 4,644,716 shares during the last quarter. Whale Rock Capital Management LLC boosted its holdings in Smartsheet by 87.3% during the second quarter. Whale Rock Capital Management LLC now owns 5,030,271 shares of the company’s stock worth $243,465,000 after purchasing an additional 2,344,769 shares during the last quarter. BlackRock Inc. boosted its holdings in Smartsheet by 285.3% during the second quarter. BlackRock Inc. now owns 4,536,828 shares of the company’s stock worth $219,582,000 after purchasing an additional 3,359,344 shares during the last quarter. First Trust Advisors LP boosted its holdings in Smartsheet by 624.5% during the third quarter. First Trust Advisors LP now owns 3,747,273 shares of the company’s stock worth $135,014,000 after purchasing an additional 3,230,070 shares during the last quarter. Finally, Abdiel Capital Advisors LP acquired a new position in Smartsheet during the second quarter worth $108,740,000. Institutional investors and hedge funds own 74.26% of the company’s stock.

Several research firms have recently weighed in on SMAR. Zacks Investment Research cut shares of Smartsheet from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Jefferies Financial Group reiterated a “buy” rating and issued a $52.00 price target on shares of Smartsheet in a report on Tuesday, October 8th. ValuEngine cut shares of Smartsheet from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th. Canaccord Genuity reduced their price target on shares of Smartsheet from $53.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Smartsheet from $47.00 to $48.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $50.50.

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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