Smartsheet Inc (NYSE:SMAR – Get Free Report) COO Stephen Robert Branstetter sold 2,004 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $48.00, for a total transaction of $96,192.00. Following the completion of the sale, the chief operating officer now owns 61,791 shares of the company’s stock, valued at $2,965,968. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Stephen Robert Branstetter also recently made the following trade(s):
- On Friday, June 28th, Stephen Robert Branstetter sold 4,272 shares of Smartsheet stock. The stock was sold at an average price of $44.42, for a total transaction of $189,762.24.
- On Tuesday, June 11th, Stephen Robert Branstetter sold 4,174 shares of Smartsheet stock. The shares were sold at an average price of $43.91, for a total transaction of $183,280.34.
Smartsheet Stock Performance
Shares of SMAR opened at $48.29 on Monday. Smartsheet Inc has a one year low of $35.52 and a one year high of $49.42. The company has a 50-day simple moving average of $42.19 and a two-hundred day simple moving average of $41.97.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on SMAR shares. Morgan Stanley boosted their target price on Smartsheet from $51.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. Canaccord Genuity Group increased their price objective on Smartsheet from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Needham & Company LLC restated a “buy” rating and issued a $57.00 target price on shares of Smartsheet in a report on Thursday, June 6th. Barclays upped their price target on shares of Smartsheet from $40.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, June 6th. Finally, UBS Group raised their price target on shares of Smartsheet from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $52.00.
Read Our Latest Report on Smartsheet
Institutional Trading of Smartsheet
Hedge funds have recently modified their holdings of the business. Banque Cantonale Vaudoise bought a new position in shares of Smartsheet in the 1st quarter worth about $29,000. Versant Capital Management Inc bought a new position in shares of Smartsheet during the second quarter valued at approximately $31,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Smartsheet during the fourth quarter valued at approximately $33,000. Plato Investment Management Ltd purchased a new position in shares of Smartsheet during the first quarter valued at approximately $35,000. Finally, Allworth Financial LP boosted its position in shares of Smartsheet by 2,503.4% in the 4th quarter. Allworth Financial LP now owns 755 shares of the company’s stock worth $36,000 after purchasing an additional 726 shares in the last quarter. Institutional investors own 90.01% 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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