Smartsheet Inc (NYSE: SMAR) is 7.57% 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 $50.81 in the last trading session, with the day’s gains setting it 0.63%.
Currently trading at $51.44, the stock is 2.36% and 6.43% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.39 million and changing 1.24% at the moment leaves the stock 17.27% off its SMA200. SMAR registered 25.43% gain for a year compared to 6-month gain of 29.90%.
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The stock witnessed a 3.46% loss in the last 1 month and extending the period to 3 months gives it a 20.50%, and is -1.49% 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 2.43% over the week and 3.23% over the month.
Smartsheet Inc (SMAR) has around 3330 employees, a market worth around $7.15B and $1.04B in sales. Fwd P/E is 32.49. Profit margin for the company is -4.07%. Distance from 52-week low is 44.82% and -5.61% 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
526.0 institutions hold shares in Smartsheet Inc (SMAR), with institutional investors hold 93.14% of the company’s shares. The shares outstanding are 136.88M, and float is at 128.30M with Short Float at 1.34%. Institutions hold 90.41% 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 MADER MARK PATRICK, the company’s President and CEO. SEC filings show that MADER MARK PATRICK sold 20,000 shares of the company’s common stock on Sep 19 ’24 at a price of $51.78 per share for a total of $1.04 million. Following the sale, the insider now owns 0.59 million shares.
Still, SEC filings show that on Sep 16 ’24, Branstetter Stephen Robert (Chief Operating Officer) disposed off 1,847 shares at an average price of $53.00 for $97891.0. The insider now directly holds 64,215 shares of Smartsheet Inc (SMAR).
