Smartsheet Inc (NYSE: SMAR) is 0.86% higher on its value in year-to-date trading and has touched a low of $35.52 and a high of $49.42 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SMAR stock was last observed hovering at around $48.40 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $48.23, the stock is 6.33% and 12.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing -0.35% at the moment leaves the stock 13.79% off its SMA200. SMAR registered 15.66% gain for a year compared to 6-month loss of 5.42%.
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The stock witnessed a 10.72% gain in the last 1 month and extending the period to 3 months gives it a 25.99%, and is -0.66% down 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 2.48% over the week and 2.66% over the month.
Smartsheet Inc (SMAR) has around 3330 employees, a market worth around $6.67B and $1.00B in sales. Fwd P/E is 31.11. Profit margin for the company is -8.35%. Distance from 52-week low is 35.78% and -2.41% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.58%).
The EPS is expected to grow by 47.56% this year.
Smartsheet Inc (SMAR) Top Institutional Holders
The shares outstanding are 136.88M, and float is at 131.70M with Short Float at 1.52%.
Smartsheet Inc (SMAR) Insider Activity
The most recent transaction is an insider sale by Branstetter Stephen Robert,the company’sChief Operating Officer. SEC filings show that Branstetter Stephen Robert sold 2,004 shares of the company’s common stock on Jul 18 ’24 at a price of $48.00 per share for a total of $96192.0. Following the sale, the insider now owns 61791.0 shares.
Smartsheet Inc disclosed in a document filed with the SEC on Jul 05 ’24 that Marshall Jolene Lau (Chief Legal Officer) sold a total of 3,994 shares of the company’s common stock. The trade occurred on Jul 05 ’24 and was made at $43.11 per share for $0.17 million. Following the transaction, the insider now directly holds 16567.0 shares of the SMAR stock.
Still, SEC filings show that on Jun 28 ’24, Branstetter Stephen Robert (Chief Operating Officer) disposed off 4,272 shares at an average price of $44.42 for $0.19 million. The insider now directly holds 63,795 shares of Smartsheet Inc (SMAR).
