Insider Selling: Smartsheet Inc (NYSE:SMAR) CEO Sells 30,000 Shares of Stock

Smartsheet Inc (NYSE:SMAR) CEO Mark Patrick Mader sold 30,000 shares of the firm’s stock in a transaction dated 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 $35,659,755.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Friday, October 11th, Mark Patrick Mader sold 40,000 shares of Smartsheet stock. The stock was sold at an average price of $38.52, for a total transaction of $1,540,800.00.
  • On Wednesday, September 11th, Mark Patrick Mader sold 40,000 shares of Smartsheet stock. The stock was sold at an average price of $38.44, for a total transaction of $1,537,600.00.

SMAR opened at $39.20 on Friday. The company’s 50 day simple moving average is $38.68 and its 200 day simple moving average is $44.51. 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 1 year low of $20.34 and a 1 year high of $55.79. The stock has a market capitalization of $4.54 billion, a PE ratio of -63.23 and a beta of 1.95.

Smartsheet (NYSE:SMAR) last released its earnings results on Wednesday, September 4th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.09. Smartsheet had a negative net margin of 30.10% and a negative return on equity of 24.74%. The business had revenue of $64.64 million for the quarter, compared to analysts’ expectations of $63.55 million. During the same period last year, the company earned ($0.08) earnings per share. The company’s quarterly revenue was up 52.5% on a year-over-year basis. As a group, sell-side analysts expect that Smartsheet Inc will post -0.92 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on SMAR shares. ValuEngine cut shares of Smartsheet from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Berenberg Bank started coverage on shares of Smartsheet in a research note on Thursday, October 10th. They set a “buy” rating and a $48.00 price target on the stock. First Analysis started coverage on shares of Smartsheet in a research note on Tuesday. They set an “outperform” rating and a $50.00 price target on the stock. Royal Bank of Canada decreased their price target on shares of Smartsheet from $60.00 to $53.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Finally, Stephens reissued a “buy” rating and issued a $55.00 target price on shares of Smartsheet in a research report on Tuesday, September 10th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $50.07.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC lifted its position in Smartsheet by 754,292.5% during the first quarter. FMR LLC now owns 1,214,572 shares of the company’s stock valued at $49,542,000 after buying an additional 1,214,411 shares in the last quarter. First Trust Advisors LP lifted its position in Smartsheet by 0.4% during the first quarter. First Trust Advisors LP now owns 86,589 shares of the company’s stock valued at $3,532,000 after buying an additional 318 shares in the last quarter. Perkins Coie Trust Co lifted its position in Smartsheet by 131.1% during the second quarter. Perkins Coie Trust Co now owns 13,494 shares of the company’s stock valued at $653,000 after buying an additional 7,654 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new position in Smartsheet during the second quarter valued at approximately $271,000. Finally, Evolution Wealth Advisors LLC acquired a new position in Smartsheet during the second quarter valued at approximately $93,000. 76.23% of the stock is currently owned by institutional investors and hedge funds.

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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