Smartsheet Inc (NYSE:SMAR) CFO Jennifer Ceran sold 10,000 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $41.00, for a total value of $410,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Jennifer Ceran also recently made the following trade(s):
- On Friday, March 22nd, Jennifer Ceran sold 100,000 shares of Smartsheet stock. The stock was sold at an average price of $42.63, for a total value of $4,263,000.00.
Smartsheet stock opened at $41.51 on Thursday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.01. The stock has a market cap of $4.13 billion and a price-to-earnings ratio of -66.95. Smartsheet Inc has a fifty-two week low of $19.12 and a fifty-two week high of $49.04.
Smartsheet (NYSE:SMAR) last posted its quarterly earnings results on Tuesday, March 19th. The company reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.12. The business had revenue of $52.20 million for the quarter, compared to the consensus estimate of $49.72 million. Smartsheet had a negative return on equity of 49.01% and a negative net margin of 30.32%. The business’s revenue was up 58.2% on a year-over-year basis. On average, research analysts forecast that Smartsheet Inc will post -1 earnings per share for the current year.
Several research analysts recently weighed in on the company. Jefferies Financial Group boosted their target price on Smartsheet from $38.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Zacks Investment Research downgraded Smartsheet from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. SunTrust Banks boosted their target price on Smartsheet to $56.00 and gave the stock a “positive” rating in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Canaccord Genuity restated a “buy” rating and set a $53.00 target price (up from $35.00) on shares of Smartsheet in a research note on Wednesday, March 20th. Finally, DA Davidson assumed coverage on Smartsheet in a research note on Thursday, March 21st. They set a “neutral” rating and a $45.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Smartsheet has a consensus rating of “Buy” and an average target price of $51.18.
A number of institutional investors have recently bought and sold shares of SMAR. BNP Paribas Arbitrage SA grew its stake in Smartsheet by 240.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 660 shares of the company’s stock valued at $27,000 after purchasing an additional 466 shares during the last quarter. Caz Investments LP grew its stake in Smartsheet by 100.0% during the 4th quarter. Caz Investments LP now owns 1,200 shares of the company’s stock valued at $30,000 after purchasing an additional 600 shares during the last quarter. Neuburgh Advisers LLC grew its stake in Smartsheet by 90.9% during the 4th quarter. Neuburgh Advisers LLC now owns 1,386 shares of the company’s stock valued at $34,000 after purchasing an additional 660 shares during the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in Smartsheet during the 4th quarter valued at about $36,000. Finally, Intellectus Partners LLC purchased a new stake in Smartsheet during the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 37.98% of the company’s stock.
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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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