Smartsheet (NYSE:SMAR) issued its quarterly earnings results on Wednesday. The company reported ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.13, Briefing.com reports. The company had revenue of $71.50 million for the quarter, compared to the consensus estimate of $69.83 million. Smartsheet had a negative net margin of 30.10% and a negative return on equity of 24.74%. The firm’s quarterly revenue was up 52.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.09) EPS.
NYSE SMAR opened at $43.76 on Thursday. The firm has a market cap of $5.53 billion, a P/E ratio of -70.58 and a beta of 2.02. The company has a quick ratio of 3.50, a current ratio of 3.50 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $41.25 and its 200-day moving average is $44.84. Smartsheet has a 12-month low of $22.01 and a 12-month high of $55.79.
In related news, CEO Mark Patrick Mader sold 30,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $37.87, for a total transaction of $1,136,100.00. Following the sale, the chief executive officer now directly owns 941,636 shares in the company, valued at approximately $35,659,755.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Eugene Farrell sold 10,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $40.28, for a total value of $402,800.00. Insiders have sold a total of 684,800 shares of company stock worth $26,803,427 over the last 90 days. 24.73% of the stock is currently owned by corporate insiders.
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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