Smartsheet Inc (NYSE:SMAR) CMO Anna Griffin Sells 1,100 Shares

Smartsheet Inc (NYSE:SMAR) CMO Anna Griffin sold 1,100 shares of the business’s stock in a transaction dated Wednesday, September 22nd. The stock was sold at an average price of $75.34, for a total transaction of $82,874.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Anna Griffin also recently made the following trade(s):

  • On Wednesday, July 7th, Anna Griffin sold 1,500 shares of Smartsheet stock. The stock was sold at an average price of $77.10, for a total transaction of $115,650.00.

Shares of SMAR stock opened at $76.71 on Friday. The company has a market cap of $9.66 billion, a PE ratio of -67.29 and a beta of 1.41. The company’s fifty day simple moving average is $73.96 and its 200-day simple moving average is $67.50. Smartsheet Inc has a 52 week low of $47.55 and a 52 week high of $85.65.

Smartsheet (NYSE:SMAR) last announced its quarterly earnings results on Monday, September 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.08. The firm had revenue of $131.74 million during the quarter, compared to the consensus estimate of $125.47 million. Smartsheet had a negative return on equity of 24.57% and a negative net margin of 31.00%. The firm’s quarterly revenue was up 44.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.06) EPS. As a group, equities analysts forecast that Smartsheet Inc will post -1.35 earnings per share for the current fiscal year.

Several equities analysts have weighed in on SMAR shares. Jefferies Financial Group raised Smartsheet from a “hold” rating to a “buy” rating and raised their price target for the stock from $65.00 to $85.00 in a research report on Thursday, August 19th. Oppenheimer upped their target price on shares of Smartsheet from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, September 8th. Citigroup lifted their price target on shares of Smartsheet from $77.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, September 8th. Truist upped their price objective on shares of Smartsheet from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, September 8th. Finally, William Blair reaffirmed a “buy” rating on shares of Smartsheet in a research note on Wednesday, September 8th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Smartsheet currently has a consensus rating of “Buy” and an average target price of $86.50.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SMAR. Asset Management One Co. Ltd. purchased a new position in Smartsheet in the second quarter valued at about $28,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Smartsheet during the second quarter worth approximately $37,000. Advisory Services Network LLC bought a new stake in shares of Smartsheet in the second quarter worth $48,000. Capital Analysts LLC acquired a new stake in Smartsheet in the second quarter valued at $71,000. Finally, SRS Capital Advisors Inc. bought a new position in Smartsheet during the 2nd quarter valued at $80,000. 87.47% of the stock is 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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