1 week Ago By ABMN Staff
Smartsheet ( NYSE:SMAR – Free Report ) had its target price hoisted by Canaccord Genuity Group from $52.00 to $60.00 in a report issued on Friday morning, Benzinga reports.
Canaccord Genuity Group currently has a buy rating on the stock. Several other equities research analysts have also recently issued reports on the company. BMO Capital Markets raised their target price on Smartsheet from $48.
00 to $59.00 and gave the stock an outperform rating in a research note on Friday. Needham & Company LLC reissued a buy rating and set a $57.
00 target price on shares of Smartsheet in a research note on Friday. Truist Financial raised their target price on Smartsheet from $55.00 to $60.
00 and gave the stock a buy rating in a research note on Friday. Royal Bank of Canada lifted their price objective on Smartsheet from $43.00 to $51.
00 and gave the company a sector perform rating in a research note on Friday. Finally, DA Davidson reaffirmed a buy rating and issued a $55.00 price objective on shares of Smartsheet in a research note on Friday.
One investment analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $55.06.
Read Our Latest Stock Report on Smartsheet Smartsheet Stock Performance Smartsheet ( NYSE:SMAR – Get Free Report ) last posted its earnings results on Thursday, September 5th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.
29 by $0.15. The company had revenue of $276.
41 million during the quarter, compared to analysts’ expectations of $274.23 million. Smartsheet had a negative return on equity of 12.
06% and a negative net margin of 8.35%. The firm’s quarterly revenue was up 17.
3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.23) earnings per share.
As a group, analysts predict that Smartsheet will post -0.21 earnings per share for the current fiscal year. Insiders Place Their Bets In other Smartsheet news, insider Jolene Lau Marshall sold 3,994 shares of Smartsheet stock in a transaction dated Friday, July 5th.
The stock was sold at an average price of $43.11, for a total transaction of $172,181.34.
Following the completion of the sale, the insider now directly owns 16,567 shares of the company’s stock, valued at approximately $714,203.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link .
In other news, COO Stephen Robert Branstetter sold 2,004 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $48.00, for a total value of $96,192.
00. Following the completion of the sale, the chief operating officer now directly owns 61,791 shares of the company’s stock, valued at approximately $2,965,968. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website .
Also, insider Jolene Lau Marshall sold 3,994 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $43.11, for a total value of $172,181.
34. Following the completion of the sale, the insider now directly owns 16,567 shares of the company’s stock, valued at $714,203.37.
The disclosure for this sale can be found here . Insiders sold 32,929 shares of company stock valued at $1,446,805 in the last ninety days. Insiders own 4.
52% of the company’s stock. Institutional Trading of Smartsheet Several institutional investors and hedge funds have recently made changes to their positions in SMAR. Norges Bank purchased a new stake in shares of Smartsheet in the 4th quarter valued at about $68,879,000.
Swedbank AB acquired a new position in Smartsheet in the 1st quarter valued at about $38,388,000. Granahan Investment Management LLC increased its position in Smartsheet by 908.1% in the 4th quarter.
Granahan Investment Management LLC now owns 1,040,724 shares of the company’s stock valued at $49,767,000 after acquiring an additional 937,483 shares during the period. AQR Capital Management LLC increased its position in Smartsheet by 188.0% in the 2nd quarter.
AQR Capital Management LLC now owns 1,349,639 shares of the company’s stock valued at $58,844,000 after acquiring an additional 881,004 shares during the period. Finally, Engaged Capital LLC acquired a new position in Smartsheet in the 2nd quarter valued at about $29,600,000. 90.
01% of the stock is owned by hedge funds and other institutional investors. About Smartsheet ( Get Free Report ) 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. Recommended Stories 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.
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