Smartsheet Inc (NYSE:SMAR) Director Sells $883,096.00 in Stock

Smartsheet Inc (NYSE:SMAR) Director Geoffrey T. Barker sold 16,700 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $52.88, for a total value of $883,096.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of SMAR opened at $54.11 on Friday. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of -87.27 and a beta of 2.01. The stock has a 50 day moving average price of $46.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.63 and a current ratio of 1.63. Smartsheet Inc has a 1 year low of $20.34 and a 1 year high of $54.44.

Smartsheet (NYSE:SMAR) last issued its earnings results on Wednesday, June 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.15. The business had revenue of $56.19 million during the quarter, compared to analyst estimates of $54.65 million. Smartsheet had a negative return on equity of 34.42% and a negative net margin of 30.04%. Smartsheet’s revenue for the quarter was up 54.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.12) earnings per share. As a group, equities research analysts anticipate that Smartsheet Inc will post -0.97 EPS for the current year.

SMAR has been the subject of several recent analyst reports. Zacks Investment Research lowered Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, June 13th. Stephens reissued a “buy” rating and set a $34.00 price objective on shares of Guaranty Bancshares in a report on Tuesday, April 23rd. Jefferies Financial Group boosted their price objective on Just Eat from GBX 1,050 ($13.72) to GBX 1,150 ($15.03) and gave the stock a “buy” rating in a report on Wednesday, March 20th. Oppenheimer boosted their price objective on Recro Pharma from $9.00 to $15.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Finally, Needham & Company LLC set a $52.00 price objective on Uber Technologies and gave the stock a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Smartsheet presently has an average rating of “Buy” and an average price target of $52.36.

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA boosted its stake in Smartsheet by 240.2% in the first quarter. BNP Paribas Arbitrage SA now owns 660 shares of the company’s stock worth $27,000 after buying an additional 466 shares in the last quarter. Optimum Investment Advisors purchased a new stake in Smartsheet in the first quarter worth approximately $41,000. Neuburgh Advisers LLC boosted its stake in Smartsheet by 90.9% in the fourth quarter. Neuburgh Advisers LLC now owns 1,386 shares of the company’s stock worth $34,000 after buying an additional 660 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in Smartsheet in the fourth quarter worth approximately $36,000. Finally, Intellectus Partners LLC purchased a new stake in Smartsheet in the fourth quarter worth approximately $37,000. 56.63% of the stock is owned by institutional investors and hedge funds.

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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