Smartsheet Inc (NYSE:SMAR) Director Elena Gomez sold 2,500 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $39.70, for a total value of $99,250.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of NYSE:SMAR traded down $1.10 during trading on Friday, hitting $41.25. 788,803 shares of the company traded hands, compared to its average volume of 1,056,686. The firm has a market capitalization of $4.38 billion and a PE ratio of -66.53. Smartsheet Inc has a one year low of $19.12 and a one year high of $49.04. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.01.
Smartsheet (NYSE:SMAR) last posted its earnings results on Tuesday, March 19th. The company reported ($0.07) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.12. The company had revenue of $52.20 million during the quarter, compared to analyst estimates of $49.72 million. Smartsheet had a negative return on equity of 49.01% and a negative net margin of 30.32%. The firm’s revenue for the quarter was up 58.2% compared to the same quarter last year. As a group, analysts predict that Smartsheet Inc will post -1 EPS for the current fiscal year.
Several research firms recently commented on SMAR. Zacks Investment Research upgraded Smartsheet from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Friday, March 22nd. DA Davidson began coverage on Smartsheet in a research note on Thursday, March 21st. They issued a “neutral” rating and a $45.00 price target on the stock. SunTrust Banks boosted their price target on Smartsheet to $56.00 and gave the stock a “positive” rating in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Morgan Stanley boosted their price target on Smartsheet from $34.00 to $58.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Finally, JPMorgan Chase & Co. boosted their price objective on Smartsheet from $33.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $51.18.
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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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