Insider Traded:: Smartsheet Inc (SMAR) VP Sold 2,500 Shares of Shares

Insider Traded:: Smartsheet Inc (SMAR) VP Sold 2,500 Shares of Shares

Smartsheet Inc (NYSE:SMAR) VP Kara Hamilton sold 2,500 shares of Smartsheet stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $26.00, for a total value of $65,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

On Friday, November 23rd, Kara Hamilton sold 5,000 shares of Smartsheet stock. The shares were sold at an average price of $22.75, for a total value of $113,750.00.

On Tuesday, October 30th, Kara Hamilton sold 30,000 shares of Smartsheet stock. The shares were sold at an average price of $23.10, for a total value of $693,000.00.

Shares of SMAR stock traded down $0.30 during trading on Thursday, reaching $26.04. The company had a trading volume of 807,500 shares, compared to its average volume of 422,131. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.31 and a quick ratio of 2.31. Smartsheet Inc has a one year low of $18.06 and a one year high of $33.98.

Smartsheet (NYSE:SMAR) last issued its quarterly earnings data on Monday, December 3rd. The company reported ($0.09) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.11. The company had revenue of $46.90 million during the quarter, compared to the consensus estimate of $44.12 million. Smartsheet’s revenue for the quarter was up 59.5% on a year-over-year basis. Analysts anticipate that Smartsheet Inc will post -0.68 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on SMAR shares. Jefferies Financial Group lifted their price target on Smartsheet to $38.00 and gave the company a “buy” rating in a report on Wednesday, September 5th. JPMorgan Chase & Co. raised their price objective on Smartsheet to $33.00 and gave the company an “overweight” rating in a research note on Wednesday, September 5th. Royal Bank of Canada raised their price objective on Smartsheet to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, September 5th. Canaccord Genuity raised their price objective on Smartsheet from $29.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, September 5th. Finally, SunTrust Banks raised their price objective on Smartsheet to $37.00 and gave the company a “positive” rating in a research note on Wednesday, September 5th. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $34.29.

A number of hedge funds and other institutional investors have recently modified their holdings of SMAR. Insight Holdings Group LLC bought a new position in Smartsheet in the 2nd quarter worth approximately $746,144,000. Capital International Investors bought a new position in Smartsheet in the 3rd quarter worth approximately $32,354,000. BlackRock Inc. bought a new position in Smartsheet in the 2nd quarter worth approximately $17,635,000. Morgan Stanley increased its position in Smartsheet by 1,011.4% in the 3rd quarter. Morgan Stanley now owns 592,133 shares of the company’s stock worth $18,510,000 after buying an additional 538,853 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC bought a new position in Smartsheet in the 2nd quarter worth approximately $13,242,000. 42.07% of the stock is currently owned by institutional investors.

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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