Smartsheet Inc (NYSE:SMAR) insider Eugene Farrell sold 10,944 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $53.08, for a total transaction of $580,907.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Eugene Farrell also recently made the following trade(s):
- On Tuesday, June 18th, Eugene Farrell sold 10,000 shares of Smartsheet stock. The shares were sold at an average price of $50.00, for a total transaction of $500,000.00.
Shares of SMAR stock opened at $54.11 on Friday. The stock’s fifty day moving average is $46.89. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.63 and a quick ratio of 1.63. Smartsheet Inc has a 12-month low of $20.34 and a 12-month high of $54.44. The company has a market capitalization of $5.65 billion, a P/E ratio of -87.27 and a beta of 2.01.
Several hedge funds have recently modified their holdings of SMAR. Whale Rock Capital Management LLC increased its position in shares of Smartsheet by 320.6% during the fourth quarter. Whale Rock Capital Management LLC now owns 2,687,999 shares of the company’s stock worth $66,824,000 after acquiring an additional 2,048,846 shares in the last quarter. CI Investments Inc. bought a new stake in shares of Smartsheet during the fourth quarter worth $40,607,000. FMR LLC increased its position in shares of Smartsheet by 754,292.5% during the first quarter. FMR LLC now owns 1,214,572 shares of the company’s stock worth $49,542,000 after acquiring an additional 1,214,411 shares in the last quarter. TimesSquare Capital Management LLC bought a new stake in shares of Smartsheet during the first quarter worth $22,129,000. Finally, Massachusetts Institute of Technology bought a new stake in shares of Smartsheet during the fourth quarter worth $8,923,000. 56.63% of the stock is owned by institutional investors.
SMAR has been the subject of several recent analyst reports. SunTrust Banks upped their target price 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. Canaccord Genuity lowered their target price on shares of Western Energy Services from C$0.50 to C$0.40 in a research note on Wednesday, March 20th. Needham & Company LLC set a $52.00 target price on shares of Uber Technologies and gave the company a “buy” rating in a research note on Thursday. Jefferies Financial Group upped their target price on shares of Just Eat from GBX 1,050 ($13.72) to GBX 1,150 ($15.03) and gave the company a “buy” rating in a research note on Wednesday, March 20th. Finally, Zacks Investment Research downgraded shares of Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, June 13th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $52.36.
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.
Further Reading: Buy Rating
Receive News & Ratings for Smartsheet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smartsheet and related companies with MarketBeat.com's FREE daily email newsletter.