Smartsheet Inc (NYSE: SMAR) is 8.26% higher on its value in year-to-date trading and has touched a low of $35.52 and a high of $54.50 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 $52.69 in the last trading session, with the day’s loss setting it -0.92%.
Currently trading at $51.77, the stock is 3.52% and 8.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.56 million and changing -1.75% at the moment leaves the stock 18.36% off its SMA200. SMAR registered 23.20% gain for a year compared to 6-month gain of 33.95%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 4.54% loss in the last 1 month and extending the period to 3 months gives it a 23.64%, and is 1.09% 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 3.22% over the week and 3.25% over the month.
Smartsheet Inc (SMAR) has around 3330 employees, a market worth around $7.19B and $1.04B in sales. Fwd P/E is 32.70. Profit margin for the company is -4.07%. Distance from 52-week low is 45.75% and -5.01% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.08%).
The EPS is expected to grow by 63.30% this year.
Smartsheet Inc (SMAR) Top Institutional Holders
525.0 institutions hold shares in Smartsheet Inc (SMAR), with institutional investors hold 93.17% of the company’s shares. The shares outstanding are 136.88M, and float is at 128.29M with Short Float at 1.34%. Institutions hold 90.44% 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 Branstetter Stephen Robert, the company’s Chief Operating Officer. SEC filings show that Branstetter Stephen Robert sold 1,847 shares of the company’s common stock on Sep 16 ’24 at a price of $53.00 per share for a total of $97891.0. Following the sale, the insider now owns 64215.0 shares.
Smartsheet Inc disclosed in a document filed with the SEC on Sep 13 ’24 that Marshall Jolene Lau (Chief Legal Officer) sold a total of 3,571 shares of the company’s common stock. The trade occurred on Sep 13 ’24 and was made at $50.59 per share for $0.18 million. Following the transaction, the insider now directly holds 13529.0 shares of the SMAR stock.
Still, SEC filings show that on Sep 16 ’24, BRENT RONALD FREI (Director) Proposed Sale 80,000 shares at an average price of $52.22 for $4.18 million. The insider now directly holds shares of Smartsheet Inc (SMAR).
