Smartsheet Inc (NYSE:SMAR) CEO Mark Patrick Mader sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $38.52, for a total value of $1,540,800.00.

Mark Patrick Mader also recently made the following trade(s):

  • On Wednesday, September 11th, Mark Patrick Mader sold 40,000 shares of Smartsheet stock. The shares were sold at an average price of $38.44, for a total value of $1,537,600.00.
  • On Monday, August 12th, Mark Patrick Mader sold 40,000 shares of Smartsheet stock. The shares were sold at an average price of $46.82, for a total value of $1,872,800.00.

NYSE:SMAR opened at $36.89 on Friday. The company has a market capitalization of $4.75 billion, a PE ratio of -59.50 and a beta of 1.94. The company has a 50 day simple moving average of $40.59 and a two-hundred day simple moving average of $44.63. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.50 and a current ratio of 3.50. Smartsheet Inc has a fifty-two week low of $20.34 and a fifty-two week high of $55.79.

Smartsheet (NYSE:SMAR) last released its earnings results on Wednesday, September 4th. The company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.09. The business had revenue of $64.64 million during the quarter, compared to the consensus estimate of $63.55 million. Smartsheet had a negative net margin of 30.10% and a negative return on equity of 24.74%. The company’s revenue for the quarter was up 52.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.08) EPS. Research analysts predict that Smartsheet Inc will post -0.92 EPS for the current year.

Several research analysts have recently issued reports on SMAR shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $60.00 price objective (up previously from $45.00) on shares of Smartsheet in a research note on Thursday, July 11th. Jefferies Financial Group reissued a “buy” rating and set a $52.00 target price on shares of Smartsheet in a research report on Tuesday, October 8th. Wedbush reissued an “outperform” rating and set a $62.00 target price on shares of Smartsheet in a research report on Wednesday, October 2nd. DA Davidson decreased their target price on shares of Smartsheet to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. Finally, Stephens reissued a “buy” rating and set a $55.00 target price on shares of Smartsheet in a research report on Tuesday, September 10th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Smartsheet presently has an average rating of “Buy” and an average target price of $51.62.

Institutional investors have recently bought and sold shares of the business. Evolution Wealth Advisors LLC bought a new position in shares of Smartsheet during the 2nd quarter worth approximately $93,000. Meadow Creek Investment Management LLC boosted its holdings in shares of Smartsheet by 76.9% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 1,840 shares of the company’s stock worth $89,000 after buying an additional 800 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Smartsheet by 52.7% during the 2nd quarter. SG Americas Securities LLC now owns 7,825 shares of the company’s stock worth $379,000 after buying an additional 2,700 shares in the last quarter. Highland Private Wealth Management bought a new position in shares of Smartsheet during the 2nd quarter worth approximately $958,000. Finally, Atria Investments LLC bought a new position in shares of Smartsheet during the 2nd quarter worth approximately $1,191,000. Hedge funds and other institutional investors own 73.34% 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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Insider Buying and Selling by Quarter for Smartsheet (NYSE:SMAR)

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