Smartsheet Inc (NYSE:SMAR) Director Elena Gomez Sells 5,000 Shares


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Smartsheet Inc (NYSE:SMAR) Director Elena Gomez sold 5,000 shares of the business’s stock in a transaction dated Monday, January 11th. The stock was sold at an average price of $66.45, for a total value of $332,250.00. Following the sale, the director now directly owns 5,019 shares of the company’s stock, valued at $333,512.55. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Elena Gomez also recently made the following trade(s):

  • On Thursday, December 10th, Elena Gomez sold 17,000 shares of Smartsheet stock. The stock was sold at an average price of $68.17, for a total value of $1,158,890.00.
  • On Monday, October 26th, Elena Gomez sold 13,500 shares of Smartsheet stock. The stock was sold at an average price of $55.21, for a total value of $745,335.00.

NYSE:SMAR opened at $68.88 on Thursday. Smartsheet Inc has a twelve month low of $30.91 and a twelve month high of $75.49. The business has a 50 day moving average price of $67.13 and a two-hundred day moving average price of $54.41. The company has a market cap of $8.42 billion, a P/E ratio of -73.28 and a beta of 1.54.

Smartsheet (NYSE:SMAR) last released its quarterly earnings results on Sunday, December 6th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.09. Smartsheet had a negative return on equity of 20.90% and a negative net margin of 34.08%. The firm had revenue of $98.90 million during the quarter, compared to the consensus estimate of $94.57 million. During the same quarter in the prior year, the firm posted ($0.15) EPS. The business’s revenue was up 38.3% on a year-over-year basis. As a group, research analysts forecast that Smartsheet Inc will post -1.19 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. Freestone Capital Holdings LLC raised its stake in shares of Smartsheet by 1.5% during the 3rd quarter. Freestone Capital Holdings LLC now owns 13,402 shares of the company’s stock worth $662,000 after purchasing an additional 193 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Smartsheet by 0.4% during the 1st quarter. First Trust Advisors LP now owns 86,589 shares of the company’s stock worth $3,532,000 after purchasing an additional 318 shares in the last quarter. Spearhead Capital Advisors LLC raised its stake in shares of Smartsheet by 8.0% during the 3rd quarter. Spearhead Capital Advisors LLC now owns 4,917 shares of the company’s stock worth $243,000 after purchasing an additional 365 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Smartsheet by 20.4% during the 3rd quarter. Fifth Third Bancorp now owns 2,328 shares of the company’s stock worth $115,000 after purchasing an additional 394 shares in the last quarter. Finally, Huntington National Bank bought a new stake in shares of Smartsheet during the 4th quarter worth approximately $28,000. Institutional investors own 99.21% of the company’s stock.

A number of analysts have recently commented on SMAR shares. Zacks Investment Research cut Smartsheet from a “buy” rating to a “hold” rating in a research note on Friday, December 11th. Needham & Company LLC upped their price target on Smartsheet from $67.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, December 8th. Oppenheimer upped their price target on Smartsheet from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, January 4th. BidaskClub raised Smartsheet from a “hold” rating to a “buy” rating in a research note on Tuesday, December 8th. Finally, ValuEngine lowered Smartsheet from a “buy” rating to a “hold” rating in a research report on Tuesday, December 1st. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Smartsheet has a consensus rating of “Buy” and a consensus price target of $69.40.

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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