Smartsheet Inc (NYSE:SMAR) Director Geoffrey T. Barker sold 16,700 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $52.88, for a total transaction of $883,096.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
SMAR opened at $54.11 on Friday. The firm has a 50 day moving average of $46.89. Smartsheet Inc has a 1-year low of $20.34 and a 1-year high of $54.44. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.29. The firm has a market cap of $5.65 billion, a P/E ratio of -87.27 and a beta of 2.01.
Smartsheet (NYSE:SMAR) last issued its quarterly earnings data on Wednesday, June 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.15. The business had revenue of $56.19 million during the quarter, compared to analyst estimates of $54.65 million. Smartsheet had a negative net margin of 30.04% and a negative return on equity of 34.42%. The firm’s quarterly revenue was up 54.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.12) EPS. On average, equities analysts predict that Smartsheet Inc will post -0.97 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of Nevro from an “underweight” rating to an “overweight” rating and raised their price target for the company from $41.00 to $70.00 in a research note on Wednesday, March 20th. Canaccord Genuity reduced their price target on shares of Western Energy Services from C$0.50 to C$0.40 in a research note on Wednesday, March 20th. JPMorgan Chase & Co. set a €23.00 ($26.74) price target on shares of GEA Group Aktiengesellschaft and gave the company a “neutral” rating in a research note on Wednesday, March 20th. Needham & Company LLC set a $52.00 price target on shares of Uber Technologies and gave the company a “buy” rating in a research note on Thursday. Finally, SunTrust Banks raised their price target on shares of Smartsheet to $56.00 and gave the company a “positive” rating in a research note on Wednesday, March 20th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Smartsheet has an average rating of “Buy” and a consensus price target of $52.36.
A number of hedge funds and other institutional investors have recently modified their holdings of SMAR. BNP Paribas Arbitrage SA raised its holdings in Smartsheet by 240.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 660 shares of the company’s stock valued at $27,000 after buying an additional 466 shares during the last quarter. Neuburgh Advisers LLC raised its holdings in Smartsheet by 90.9% in the 4th quarter. Neuburgh Advisers LLC now owns 1,386 shares of the company’s stock valued at $34,000 after buying an additional 660 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new position in Smartsheet in the 4th quarter valued at approximately $36,000. Intellectus Partners LLC bought a new position in Smartsheet in the 4th quarter valued at approximately $37,000. Finally, Optimum Investment Advisors bought a new position in Smartsheet in the 1st quarter valued at approximately $41,000. Institutional investors and hedge funds own 56.63% of the company’s stock.
Smartsheet Company Profile
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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