Smartsheet Inc (NYSE:SMAR) CFO Sells $1,071,120.00 in Stock

Smartsheet Inc (NYSE:SMAR) CFO Jennifer Ceran sold 24,000 shares of Smartsheet stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $44.63, for a total transaction of $1,071,120.00. Following the sale, the chief financial officer now owns 198,822 shares in the company, valued at $8,873,425.86. The sale was disclosed in a document filed with the SEC, which is available through this link.

Jennifer Ceran also recently made the following trade(s):

  • On Friday, July 17th, Jennifer Ceran sold 24,000 shares of Smartsheet stock. The stock was sold at an average price of $45.58, for a total transaction of $1,093,920.00.

SMAR stock opened at $45.70 on Monday. Smartsheet Inc has a 52-week low of $30.91 and a 52-week high of $60.80. The stock’s fifty day simple moving average is $47.65 and its 200-day simple moving average is $48.35. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of -48.62 and a beta of 1.50.

Smartsheet (NYSE:SMAR) last posted its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.10. Smartsheet had a negative return on equity of 20.90% and a negative net margin of 34.08%. The business had revenue of $91.22 million for the quarter, compared to analysts’ expectations of $86.53 million. During the same quarter last year, the firm earned ($0.08) earnings per share. The business’s revenue was up 41.1% on a year-over-year basis. As a group, analysts anticipate that Smartsheet Inc will post -1.19 earnings per share for the current fiscal year.

Several analysts have recently weighed in on the stock. Jefferies Financial Group lifted their target price on shares of Smartsheet from $50.00 to $55.00 and gave the company a “hold” rating in a report on Thursday, September 3rd. Royal Bank of Canada lifted their target price on shares of Smartsheet from $52.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, September 3rd. Zacks Investment Research raised shares of Smartsheet from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Thursday, September 10th. Truist lifted their target price on shares of Smartsheet from $50.00 to $68.00 in a report on Thursday, September 3rd. Finally, KeyCorp raised their price objective on shares of Smartsheet from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $58.06.

Hedge funds have recently bought and sold shares of the company. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Smartsheet during the second quarter worth $54,000. Parallel Advisors LLC purchased a new position in shares of Smartsheet in the 2nd quarter worth $76,000. Fifth Third Bancorp purchased a new position in shares of Smartsheet in the 2nd quarter worth $98,000. US Bancorp DE raised its position in shares of Smartsheet by 435.1% in the 2nd quarter. US Bancorp DE now owns 2,060 shares of the company’s stock worth $105,000 after buying an additional 1,675 shares during the period. Finally, Valeo Financial Advisors LLC raised its position in shares of Smartsheet by 39.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,110 shares of the company’s stock worth $107,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 99.21% of the company’s stock.

About Smartsheet

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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