Smartsheet Inc (NYSE: SMAR) is 1.53% higher on its value in year-to-date trading and has touched a low of $35.52 and a high of $50.38 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 $49.47 in the last trading session, with the day’s loss setting it -0.92%.
Currently trading at $48.55, the stock is 1.54% and 5.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing -1.86% at the moment leaves the stock 12.50% off its SMA200. SMAR registered 22.08% gain for a year compared to 6-month gain of 15.73%.
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The stock witnessed a 2.45% loss in the last 1 month and extending the period to 3 months gives it a 23.69%, and is -2.35% 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 1.99% over the week and 2.54% over the month.
Smartsheet Inc (SMAR) has around 3330 employees, a market worth around $6.72B and $1.00B in sales. Fwd P/E is 31.31. Profit margin for the company is -8.35%. Distance from 52-week low is 36.68% and -3.62% 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 47.62% this year
516.0 institutions hold shares in Smartsheet Inc (SMAR), with institutional investors hold 94.08% of the company’s shares. The shares outstanding are 136.88M, and float is at 127.73M with Short Float at 1.27%. Institutions hold 91.31% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 14.18 million shares valued at $624.99 million. The investor’s holdings represent 10.3171 of the SMAR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 8.48 million shares valued at $373.99 million to account for 6.1736 of the shares outstanding. The other top investors are CAPITAL WORLD INVESTORS which holds 7.09 million shares representing 5.1589 and valued at over $312.52 million, while VISTA EQUITY PARTNERS MANAGEMENT, LLC holds 4.7055 of the shares totaling 6.47 million with a market value of $285.05 million.
Smartsheet Inc (SMAR) Insider Activity
The most recent transaction is an insider sale by Marshall Jolene Lau, the company’s Chief Legal Officer. SEC filings show that Marshall Jolene Lau sold 3,741 shares of the company’s common stock on Aug 15 ’24 at a price of $48.18 per share for a total of $0.18 million. Following the sale, the insider now owns 17100.0 shares.
Still, SEC filings show that on Jul 18 ’24, Branstetter Stephen Robert (Chief Operating Officer) disposed off 2,004 shares at an average price of $48.00 for $96192.0. The insider now directly holds 61,791 shares of Smartsheet Inc (SMAR).
