Smartsheet Inc (NYSE:SMAR – Get Free Report) COO Stephen Robert Branstetter sold 4,272 shares of Smartsheet stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $44.42, for a total value of $189,762.24. Following the transaction, the chief operating officer now owns 63,795 shares of the company’s stock, valued at approximately $2,833,773.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Stephen Robert Branstetter also recently made the following trade(s):
- On Tuesday, June 11th, Stephen Robert Branstetter sold 4,174 shares of Smartsheet stock. The shares were sold at an average price of $43.91, for a total value of $183,280.34.
Smartsheet Stock Performance
Shares of Smartsheet stock opened at $43.21 on Friday. The stock’s 50 day simple moving average is $40.79 and its 200-day simple moving average is $42.23. Smartsheet Inc has a 1-year low of $35.52 and a 1-year high of $49.42.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Smartsheet during the 4th quarter worth approximately $33,000. Allworth Financial LP lifted its holdings in Smartsheet by 2,503.4% in the fourth quarter. Allworth Financial LP now owns 755 shares of the company’s stock valued at $36,000 after acquiring an additional 726 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in Smartsheet in the first quarter valued at approximately $29,000. Plato Investment Management Ltd acquired a new position in Smartsheet in the first quarter valued at approximately $35,000. Finally, Advisors Asset Management Inc. lifted its holdings in Smartsheet by 24.6% in the first quarter. Advisors Asset Management Inc. now owns 1,822 shares of the company’s stock valued at $70,000 after acquiring an additional 360 shares during the last quarter. 90.01% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on SMAR shares. Morgan Stanley lifted their price target on Smartsheet from $51.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. JPMorgan Chase & Co. cut their price target on Smartsheet from $54.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, March 15th. UBS Group lifted their price target on Smartsheet from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Needham & Company LLC restated a “buy” rating and issued a $57.00 price target on shares of Smartsheet in a research note on Thursday, June 6th. Finally, Guggenheim restated a “buy” rating and issued a $56.00 price target on shares of Smartsheet in a research note on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $52.00.
About Smartsheet
Smartsheet, Inc engages in managing and automating collaborative work. Its platform provides solutions that eliminate the obstacles to capturing information, including a familiar and intuitive spreadsheet interface as well as easily customizable forms. The company was founded by W. Eric Browne, Maria Colacurcio, John D.
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