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Smartsheet Inc (SMAR) Review – Making Smarter Decisions

Smartsheet Inc (NYSE: SMAR) is -20.22% lower on its value in year-to-date trading and has touched a low of $35.52 and a high of $52.81 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SMAR stock was last observed hovering at around $38.75 in the last trading session, with the day’s loss setting it -0.6%.

Currently trading at $38.15, the stock is -3.99% and -10.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.27 million and changing -1.55% at the moment leaves the stock -9.60% off its SMA200. SMAR registered -20.19% loss for a year compared to 6-month gain of -6.10%. The firm has a 50-day simple moving average (SMA 50) of $4.95 and a 200-day simple moving average (SMA200) of -$50.89.

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The stock witnessed a -12.30% loss in the last 1 month and extending the period to 3 months gives it a -18.15%, and is 0.13% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.33% over the week and 3.35% over the month.

Smartsheet Inc (SMAR) has around 3330 employees, a market worth around $5.24B and $958.34M in sales. Fwd P/E is 26.83. Profit margin for the company is -10.92%. Distance from 52-week low is 7.40% and -27.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-16.36%).

Smartsheet Inc quarterly earnings per share for the current quarter are estimated at $0.26 with sales reaching $258.28M over the same period.The EPS is expected to grow by 30.44% this year, but quarterly earnings will post 16.50% year-over-year.

494 institutions hold shares in Smartsheet Inc (SMAR), with institutional investors hold 93.58% of the company’s shares. The shares outstanding are 136.88M, and float is at 131.61M with Short Float at 2.12%. Institutions hold 90.82% of the Float.

The top institutional shareholder in the company is Capital World Investors with over 15.85 million shares valued at $606.35 million. The investor’s holdings represent 11.73% of the SMAR Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 13.05 million shares valued at $499.13 million to account for 9.65% of the shares outstanding. The other top investors are Blackrock Inc. which holds 7.04 million shares representing 5.21% and valued at over $269.53 million, while Brown Capital Management, LLC holds 4.71% of the shares totaling 6.36 million with a market value of $243.49 million.

Smartsheet Inc (SMAR) Insider Activity

The most recent transaction is an insider sale by Branstetter Stephen Robert, the company’s Chief Operating Officer. SEC filings show that Branstetter Stephen Robert sold 5,737 shares of the company’s common stock on Mar 27 ’24 at a price of $38.22 per share for a total of $0.22 million. Following the sale, the insider now owns 67801.0 shares.

Smartsheet Inc disclosed in a document filed with the SEC on Mar 22 ’24 that Arntz Michael (Chief Revenue Officer) sold a total of 7,702 shares of the company’s common stock. The trade occurred on Mar 22 ’24 and was made at $39.44 per share for $0.3 million. Following the transaction, the insider now directly holds 12718.0 shares of the SMAR stock.

Still, SEC filings show that on Feb 02 ’24, Arntz Michael (Chief Revenue Officer) disposed off 225 shares at an average price of $45.04 for $10134.0. The insider now directly holds 7,148 shares of Smartsheet Inc (SMAR).

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