1 week Ago By ABMN Staff
Smartsheet ( NYSE:SMAR – Free Report ) had its target price raised by Citigroup from $55.00 to $63.00 in a report issued on Friday morning, Benzinga reports.
The brokerage currently has a buy rating on the stock. A number of other research analysts also recently issued reports on the company. BMO Capital Markets upped their price target on Smartsheet from $48.
00 to $59.00 and gave the company an outperform rating in a report on Friday. Barclays increased their target price on Smartsheet from $45.
00 to $50.00 and gave the company an equal weight rating in a report on Friday. Needham & Company LLC reissued a buy rating and issued a $57.
00 target price on shares of Smartsheet in a report on Friday. DA Davidson reissued a buy rating and issued a $55.00 target price on shares of Smartsheet in a report on Friday.
Finally, Guggenheim increased their target price on Smartsheet from $60.00 to $62.00 and gave the company a buy rating in a report on Friday.
One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Smartsheet has an average rating of Moderate Buy and a consensus price target of $55.
06. Get Our Latest Stock Report on SMAR Smartsheet Price Performance Smartsheet ( NYSE:SMAR – Get Free Report ) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.
44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.15.
The firm had revenue of $276.41 million for the quarter, compared to the consensus estimate of $274.23 million.
Smartsheet had a negative return on equity of 12.06% and a negative net margin of 8.35%.
The company’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.
23) earnings per share. On average, sell-side analysts anticipate that Smartsheet will post -0.21 earnings per share for the current year.
Insider Buying and Selling In related news, insider Jolene Lau Marshall sold 3,741 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $48.18, for a total transaction of $180,241.
38. Following the completion of the sale, the insider now owns 17,100 shares in the company, valued at $823,878. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website .
In related news, insider Jolene Lau Marshall sold 3,741 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $48.18, for a total transaction of $180,241.
38. Following the completion of the sale, the insider now owns 17,100 shares in the company, valued at $823,878. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website .
Also, CFO Pete Godbole sold 7,500 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $43.54, for a total value of $326,550.
00. Following the sale, the chief financial officer now owns 36,846 shares of the company’s stock, valued at approximately $1,604,274.84.
The disclosure for this sale can be found here . Over the last 90 days, insiders sold 32,929 shares of company stock worth $1,446,805. 4.
52% of the stock is owned by corporate insiders. Institutional Trading of Smartsheet A number of large investors have recently added to or reduced their stakes in SMAR. International Assets Investment Management LLC increased its stake in Smartsheet by 4,386.
0% in the 4th quarter. International Assets Investment Management LLC now owns 27,544 shares of the company’s stock worth $1,317,000 after acquiring an additional 26,930 shares during the last quarter. Truist Financial Corp bought a new stake in Smartsheet in the 4th quarter worth approximately $236,000.
Victory Capital Management Inc. increased its stake in Smartsheet by 24.7% in the 4th quarter.
Victory Capital Management Inc. now owns 17,393 shares of the company’s stock worth $832,000 after acquiring an additional 3,444 shares during the last quarter. M&T Bank Corp bought a new stake in Smartsheet in the 4th quarter worth approximately $204,000.
Finally, Charles Schwab Investment Management Inc. increased its stake in Smartsheet by 3.6% in the 4th quarter.
Charles Schwab Investment Management Inc. now owns 1,201,506 shares of the company’s stock worth $57,456,000 after acquiring an additional 41,285 shares during the last quarter. Institutional investors own 90.
01% of the company’s stock. Smartsheet Company Profile ( 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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