Smartsheet Inc (NYSE:SMAR) CRO Sells $680,400.00 in Stock

Smartsheet Inc (NYSE:SMAR) CRO Michael Arntz sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $45.36, for a total value of $680,400.00. Following the transaction, the executive now directly owns 17,396 shares in the company, valued at approximately $789,082.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Tuesday, December 17th, Michael Arntz sold 30,000 shares of Smartsheet stock. The shares were sold at an average price of $42.89, for a total value of $1,286,700.00.
  • On Monday, December 9th, Michael Arntz sold 20,000 shares of Smartsheet stock. The shares were sold at an average price of $42.15, for a total value of $843,000.00.

SMAR traded down $0.34 during trading hours on Tuesday, reaching $44.90. 32,400 shares of the company’s stock traded hands, compared to its average volume of 1,088,051. The firm has a 50-day moving average price of $44.54 and a 200 day moving average price of $44.80. Smartsheet Inc has a 52-week low of $24.19 and a 52-week high of $55.79. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $5.31 billion, a PE ratio of -73.16 and a beta of 1.94.

Smartsheet (NYSE:SMAR) last posted its quarterly earnings data on Wednesday, December 4th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.13. Smartsheet had a negative return on equity of 22.03% and a negative net margin of 32.50%. The company had revenue of $71.50 million during the quarter, compared to analysts’ expectations of $69.83 million. During the same quarter in the previous year, the business earned ($0.09) EPS. Smartsheet’s revenue was up 52.5% compared to the same quarter last year. Equities analysts predict that Smartsheet Inc will post -0.88 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Gilder Gagnon Howe & Co. LLC purchased a new position in Smartsheet during the 3rd quarter valued at $200,000. Metropolitan Life Insurance Co NY purchased a new position in Smartsheet during the 3rd quarter valued at $232,000. Man Group plc boosted its holdings in Smartsheet by 305.5% during the 3rd quarter. Man Group plc now owns 77,681 shares of the company’s stock valued at $2,799,000 after acquiring an additional 58,526 shares during the period. Michael & Susan Dell Foundation purchased a new stake in shares of Smartsheet in the 3rd quarter worth $351,000. Finally, Night Owl Capital Management LLC lifted its holdings in shares of Smartsheet by 2.3% in the 3rd quarter. Night Owl Capital Management LLC now owns 257,476 shares of the company’s stock worth $9,277,000 after buying an additional 5,793 shares during the period. Institutional investors own 73.69% of the company’s stock.

Several research firms have recently weighed in on SMAR. ValuEngine downgraded Smartsheet from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Royal Bank of Canada cut their target price on Smartsheet from $60.00 to $53.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. Needham & Company LLC reissued a “buy” rating and set a $60.00 target price on shares of Smartsheet in a research report on Monday, December 9th. Jefferies Financial Group reissued a “buy” rating and set a $52.00 target price on shares of Smartsheet in a research report on Tuesday, October 8th. Finally, Canaccord Genuity cut their target price on Smartsheet from $53.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $51.07.

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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