Smartsheet Inc (NYSE:SMAR) insider Mark Patrick Mader sold 20,000 shares of Smartsheet stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $25.65, for a total transaction of $513,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
SMAR traded up $0.78 on Thursday, reaching $26.98. 372,187 shares of the company’s stock were exchanged, compared to its average volume of 405,438. Smartsheet Inc has a twelve month low of $18.06 and a twelve month high of $33.98. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.31 and a current ratio of 2.31.
Smartsheet (NYSE:SMAR) last posted its quarterly earnings results on Tuesday, September 4th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.08. The business had revenue of $42.38 million for the quarter, compared to analyst estimates of $39.21 million. The business’s revenue was up 58.9% compared to the same quarter last year. As a group, sell-side analysts predict that Smartsheet Inc will post -0.68 earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. C M Bidwell & Associates Ltd. acquired a new position in Smartsheet during the third quarter worth about $109,000. Victory Capital Management Inc. acquired a new position in Smartsheet during the third quarter worth about $143,000. Verition Fund Management LLC acquired a new position in Smartsheet during the third quarter worth about $225,000. Bank of New York Mellon Corp acquired a new position in Smartsheet during the second quarter worth about $230,000. Finally, Russell Investments Group Ltd. acquired a new position in Smartsheet during the second quarter worth about $275,000. Hedge funds and other institutional investors own 41.28% of the company’s stock.
Smartsheet Company Profile
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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