Insider Selling: Smartsheet Inc (NYSE:SMAR) CFO Sells 20,000 Shares of Stock

Smartsheet Inc (NYSE:SMAR) CFO Jennifer Ceran sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $44.70, for a total value of $894,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Jennifer Ceran also recently made the following trade(s):

  • On Friday, May 10th, Jennifer Ceran sold 10,000 shares of Smartsheet stock. The stock was sold at an average price of $41.00, for a total value of $410,000.00.
  • On Friday, March 22nd, Jennifer Ceran sold 100,000 shares of Smartsheet stock. The stock was sold at an average price of $42.63, for a total value of $4,263,000.00.

Smartsheet stock traded up $2.02 during trading hours on Wednesday, hitting $45.60. The stock had a trading volume of 11,552,802 shares, compared to its average volume of 1,456,762. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of -73.55 and a beta of 2.15. Smartsheet Inc has a 1-year low of $20.34 and a 1-year high of $49.04.

Smartsheet (NYSE:SMAR) last posted its earnings results on Wednesday, June 5th. The company reported ($0.12) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.27) by $0.15. The company had revenue of $56.19 million for the quarter, compared to analyst estimates of $54.65 million. Smartsheet had a negative return on equity of 33.97% and a negative net margin of 30.04%. Smartsheet’s revenue was up 54.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.12) earnings per share. As a group, sell-side analysts forecast that Smartsheet Inc will post -1 EPS for the current fiscal year.

Several research analysts have issued reports on the company. Zacks Investment Research upgraded Smartsheet from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Friday, March 22nd. DA Davidson assumed coverage on Smartsheet in a research report on Thursday, March 21st. They issued a “neutral” rating and a $45.00 price objective for the company. SunTrust Banks increased their price objective on Smartsheet to $56.00 and gave the stock a “positive” rating in a research report on Wednesday, March 20th. They noted that the move was a valuation call. Morgan Stanley increased their price objective on Smartsheet from $34.00 to $58.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. increased their price objective on Smartsheet from $33.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $51.18.

A number of institutional investors have recently bought and sold shares of SMAR. BNP Paribas Arbitrage SA grew its holdings in Smartsheet by 240.2% in the first quarter. BNP Paribas Arbitrage SA now owns 660 shares of the company’s stock valued at $27,000 after purchasing an additional 466 shares during the last quarter. Caz Investments LP boosted its stake in shares of Smartsheet by 100.0% during the fourth quarter. Caz Investments LP now owns 1,200 shares of the company’s stock valued at $30,000 after acquiring an additional 600 shares during the last quarter. Neuburgh Advisers LLC boosted its stake in shares of Smartsheet by 90.9% during the fourth quarter. Neuburgh Advisers LLC now owns 1,386 shares of the company’s stock valued at $34,000 after acquiring an additional 660 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new stake in shares of Smartsheet during the fourth quarter valued at $36,000. Finally, Intellectus Partners LLC acquired a new stake in shares of Smartsheet during the fourth quarter valued at $37,000. 57.17% of the stock is currently owned by institutional investors.

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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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Insider Buying and Selling by Quarter for Smartsheet (NYSE:SMAR)

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