In yesterday’s Wall Street session, Smartsheet Inc (NYSE:SMAR) shares traded at $56.46, up 0.28% from the previous session.
SMAR stock price is now 0.74% away from the 50-day moving average and 15.97% away from the 200-day moving average. The market capitalization of the company currently stands at $7.90B.
On September 06, 2024, BMO Capital Markets reiterated its ‘Outperform’ rating on the stock by increasing its target price from $48 to quote $59, while ‘KeyBanc Capital Markets’ rates the stock as ‘Sector Weight’
In other news, MADER MARK PATRICK, President and CEO sold 5,000 shares of the company’s stock on Jan 06 ’25. The stock was sold for $280,350 at an average price of $56.07. Upon completion of the transaction, the President and CEO now directly owns 619,515 shares in the company, valued at $34.98 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 06 ’25, Officer MADER MARK PATRICK bought 5,000 shares of the business’s stock. A total of $280,350 was incurred on buying the stock at an average price of $56.07. A total of 7.52% of the company’s stock is owned by insiders.
During the past 12 months, Smartsheet Inc has had a low of $35.52 and a high of $56.55. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 1.51, and a quick ratio of 1.51. The fifty day moving average price for SMAR is $56.044 and a two-hundred day moving average price translates $48.68345 for the stock.
The latest earnings results from Smartsheet Inc (NYSE: SMAR) was released for 2024-07-31. The net profit margin was -0.80% and return on equity was -1.37% for SMAR. The company reported revenue of $276.41 million for the quarter, compared to $235.59 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.33 percent.
