Smartsheet Inc (SMAR) VP Sells $65,000.00 in Stock

Smartsheet Inc (NYSE:SMAR) VP Kara Hamilton sold 2,500 shares of the company’s stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $26.00, for a total transaction of $65,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kara Hamilton also recently made the following trade(s):

  • On Monday, December 24th, Kara Hamilton sold 5,000 shares of Smartsheet stock. The stock was sold at an average price of $22.58, for a total transaction of $112,900.00.
  • On Wednesday, November 28th, Kara Hamilton sold 2,500 shares of Smartsheet stock. The stock was sold at an average price of $26.00, for a total transaction of $65,000.00.
  • On Friday, November 23rd, Kara Hamilton sold 5,000 shares of Smartsheet stock. The stock was sold at an average price of $22.75, for a total transaction of $113,750.00.
  • On Tuesday, October 30th, Kara Hamilton sold 30,000 shares of Smartsheet stock. The stock was sold at an average price of $23.10, for a total transaction of $693,000.00.

SMAR stock opened at $25.52 on Friday. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.02. Smartsheet Inc has a 52-week low of $18.06 and a 52-week high of $33.98.

Smartsheet (NYSE:SMAR) last released its quarterly earnings results on Monday, December 3rd. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.11. Smartsheet had a negative net margin of 32.12% and a negative return on equity of 111.93%. The company had revenue of $46.90 million during the quarter, compared to analysts’ expectations of $44.12 million. The firm’s revenue for the quarter was up 59.5% compared to the same quarter last year. Research analysts expect that Smartsheet Inc will post -0.6 EPS for the current year.

A number of equities research analysts recently issued reports on SMAR shares. Zacks Investment Research upgraded shares of Smartsheet from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Tuesday, October 9th. Royal Bank of Canada decreased their price objective on shares of Smartsheet from $39.00 to $34.00 and set an “outperform” rating for the company in a report on Friday, November 30th. Morgan Stanley upped their price target on shares of Smartsheet from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, December 4th. Finally, Stephens started coverage on shares of Smartsheet in a report on Thursday, January 3rd. They set an “overweight” rating and a $32.00 price target for the company. Nine research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of $34.00.

Hedge funds have recently added to or reduced their stakes in the business. Rehmann Capital Advisory Group acquired a new position in shares of Smartsheet during the third quarter valued at about $57,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Smartsheet during the third quarter valued at about $109,000. Victory Capital Management Inc. acquired a new position in shares of Smartsheet during the third quarter valued at about $143,000. Verition Fund Management LLC acquired a new position in shares of Smartsheet during the third quarter valued at about $225,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Smartsheet during the second quarter valued at about $230,000. Institutional investors own 41.63% of the company’s stock.

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About Smartsheet

Smartsheet Inc provides cloud-based platform for execution of work. It enables teams and organizations to plan, capture, manage, automate, and report on work. The company offers Smartdashboards that provides the status of work to align individuals, managers, and executives; Smartportals to easily locate and access from any device the resources available for a project without IT assistance; Smartcards to organize, share, and act on workflows; and Smartgrids to keep teams on task by easily tracking multiple moving parts.

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