Smartsheet Inc (NYSE: SMAR) is 0.59% higher on its value in year-to-date trading and has touched a low of $35.52 and a high of $56.55 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 $56.33 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $56.36, the stock is 0.48% and 0.58% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.2 million and changing 0.05% at the moment leaves the stock 16.41% off its SMA200. SMAR registered 16.04% gain for a year compared to 6-month gain of 26.79%. The firm has a 50-day simple moving average (SMA 50) of $56.0334 and a 200-day simple moving average (SMA200) of $48.3265.
The stock witnessed a 0.57% loss in the last 1 month and extending the period to 3 months gives it a 1.00%, and is 0.34% 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 0.17% over the week and 0.20% over the month.
Smartsheet Inc (SMAR) has around 3330 employees, a market worth around $7.89B and $1.08B in sales. Fwd P/E is 34.89. Profit margin for the company is -0.80%. Distance from 52-week low is 58.67% and -0.34% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.18%).
with sales reaching $295.29M over the same period.The EPS is expected to grow by 75.60% this year, but quarterly earnings will post 17.19% year-over-year. Quarterly sales are estimated to grow 14.92% in year-over-year returns.
Smartsheet Inc (SMAR) Top Institutional Holders
533.0 institutions hold shares in Smartsheet Inc (SMAR), with institutional investors hold 92.93% of the company’s shares. The shares outstanding are 139.30M, and float is at 129.42M with Short Float at 4.37%. Institutions hold 90.21% 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 5,000 shares of the company’s common stock on Jan 06 ’25 at a price of $56.07 per share for a total of $0.28 million. Following the sale, the insider now owns 0.62 million shares.
Still, SEC filings show that on Jan 02 ’25, Marshall Jolene Lau (Chief Legal Officer) disposed off 2,000 shares at an average price of $56.18 for $0.11 million. The insider now directly holds 17,739 shares of Smartsheet Inc (SMAR).
