An Insider Sold 2,094 Shares Of Smartsheet Inc. (SMAR)

As of Friday close, Smartsheet Inc.’s (NYSE:SMAR) stock was up $3.62, moving up 9.55 percent to $41.51. The average number of shares traded per day over the past five days has been 1,968,160 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.15 fall in that time frame. In the last twenty days, the average volume was 1,293,155, while in the previous 50 days, it was 1,623,948.

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Since last month, SMAR stock retreated -25.31%. Shares of the company fell to $35.43 on 05/12/22, the lowest level in the past month. A 52-week high of $85.65 was reached on 01/03/22 after having rallying from a 52-week low of $35.43. Since the beginning of this year, SMAR’s stock price has dropped by -46.40% or -$35.94, and marked a new high 1 time. However, the stock has declined by -51.54% since its 52-week high.

Smartsheet Inc. (SMAR) last reported insider trading activity 10 days ago on May 04. Arntz Michael, the Chief Revenue Officer of the company, disposed of 2,094 shares for $50.04 on May 04. It resulted in a $104,775 divestment by the insider. Arntz Michael sold 6 shares at an average price of $50.00 on May 03. The insider now owns 9,607 shares following the transaction. On Apr 26, Director Barker Geoffrey T sold 1,125 shares at $50.87 apiece. The transaction was valued at $57,229.

Valuation Metrics

The stock’s beta is 1.56. Besides these, the trailing price-to-sales (P/S) ratio of 10.26, the price-to-book (PB) ratio of 10.46.

Financial Health

In the three months ended October 30, Smartsheet Inc.’s quick ratio stood at 1.50, while its current ratio was 1.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 78.90% percent. In the year ended October 30, operating margins totaled -30.90%. Based on annual data, SMAR earned $434.36 million in gross profit and brought in $550.83 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -33.70%. Return on equity (ROE) for the past 12 months was -33.40%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SMAR’s revenue fell -868.0% to $144.63 million during the quarter, while net income inched up to $10.22 million. While analysts expected Smartsheet Inc. to report -$0.1 quarterly earnings, the actual figure was -$0.03 per share. During the quarter, the company generated -$33.1 million in EBITDA. The liabilities of Smartsheet Inc. were 498.05 million at the end of its most recent quarter ended October 30, and its total debt was $79.78 million. The value of shareholders’ equity is $128.64 million.

Technical Picture

This quick technical analysis looks at Smartsheet Inc.’s (SMAR) price momentum. With a historical volatility rate of 87.77%, the RSI 9-day stood at 39.80% on 13 May.

With respect to its five-day moving average, the current Smartsheet Inc. price is down by -4.92% percent or -$2.15. At present, SMAR shares trade -20.57% below its 20-day simple moving average and -42.66% percent below its 100-day simple moving average. However, the stock is currently trading approximately -18.89% below its SMA50 and -43.39% below its SMA200.

Stochastic coefficient K was 18.01% and Stochastic coefficient D was 10.76%, while ATR was 3.60. Given the Stochastic reading of 36.41% for the 14-day period, the RSI (14) reading has been calculated as 39.37%. As of today, the MACD Oscillator reading stands at -3.89, while the 14-day reading stands at -6.33.

Analyst Ratings

Wells Fargo upgraded its rating on Smartsheet Inc. (NYSE: SMAR) to an Overweight in a note to investors on January 06, 2022. The analysts firm previously had an Equal weight rating on the stock.Smartsheet Inc. (SMAR) has been rated Buy by analysts. According to 0 brokerage firms , SMAR is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Smartsheet Inc. stock as buy, with 13 recommending it as overweight.

With a median target price of $67.50, the current consensus forecast for the stock is $40.00 – $90.00. Based on these forecasts, analysts predict Smartsheet Inc. (SMAR) will achieve an average price target of $66.71.


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