Alberta Investment Management Corp bought a new stake in Smartsheet Inc (NYSE:SMAR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 25,500 shares of the company's stock, valued at approximately $1,219,000.
- 2 Earnings Dumpers Worth a Second Look
Several other institutional investors and hedge funds have also bought and sold shares of SMAR. Principal Financial Group Inc. raised its position in shares of Smartsheet by 8.2% in the 3rd quarter. Principal Financial Group Inc. now owns 15,550 shares of the company's stock valued at $629,000 after purchasing an additional 1,180 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Smartsheet by 2.2% in the third quarter. Arizona State Retirement System now owns 36,140 shares of the company's stock worth $1,462,000 after buying an additional 777 shares during the last quarter. Barclays PLC grew its holdings in shares of Smartsheet by 21.5% during the third quarter. Barclays PLC now owns 96,194 shares of the company's stock valued at $3,891,000 after buying an additional 16,993 shares during the last quarter. Amalgamated Bank increased its position in shares of Smartsheet by 14.3% in the 3rd quarter. Amalgamated Bank now owns 31,708 shares of the company's stock valued at $1,283,000 after acquiring an additional 3,974 shares during the period. Finally, Swiss National Bank raised its stake in Smartsheet by 1.8% in the 3rd quarter. Swiss National Bank now owns 279,000 shares of the company's stock worth $11,288,000 after acquiring an additional 4,900 shares during the last quarter. 90.01% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, CFO Pete Godbole sold 5,202 shares of the firm's stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $41.92, for a total value of $218,067.84. Following the transaction, the chief financial officer now owns 44,346 shares in the company, valued at $1,858,984.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, COO Stephen Robert Branstetter sold 5,737 shares of the company's stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $38.22, for a total transaction of $219,268.14. Following the completion of the sale, the chief operating officer now owns 67,801 shares of the company's stock, valued at approximately $2,591,354.22. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Pete Godbole sold 5,202 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $41.92, for a total transaction of $218,067.84. Following the completion of the sale, the chief financial officer now owns 44,346 shares of the company's stock, valued at approximately $1,858,984.32. The disclosure for this sale can be found here. Insiders sold a total of 28,770 shares of company stock worth $1,132,791 in the last 90 days. Insiders own 4.52% of the company's stock.
Smartsheet Stock Down 0.2 %
- Asana sold the rip. Is it time to buy the dip?
Shares of SMAR stock opened at $37.00 on Monday. Smartsheet Inc has a 1-year low of $35.52 and a 1-year high of $52.81. The stock has a 50 day simple moving average of $38.92 and a 200-day simple moving average of $42.40.
Smartsheet (NYSE:SMAR - Get Free Report) last posted its quarterly earnings data on Thursday, March 14th. The company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.22) by $0.17. The company had revenue of $256.95 million during the quarter, compared to analysts' expectations of $254.99 million. Smartsheet had a negative net margin of 10.92% and a negative return on equity of 16.57%. Analysts expect that Smartsheet Inc will post -0.43 EPS for the current year.
Analysts Set New Price Targets
- Monday.com rocked earnings like it's the weekend
SMAR has been the topic of several research analyst reports. BMO Capital Markets dropped their price target on Smartsheet from $48.00 to $42.00 and set an "outperform" rating on the stock in a research note on Monday, March 18th. Barclays cut their price target on shares of Smartsheet from $50.00 to $40.00 and set an "equal weight" rating on the stock in a report on Friday, March 15th. Oppenheimer dropped their price objective on shares of Smartsheet from $60.00 to $55.00 and set an "outperform" rating on the stock in a report on Friday, March 15th. KeyCorp began coverage on shares of Smartsheet in a research note on Thursday, March 21st. They issued a "sector weight" rating on the stock. Finally, Bank of America initiated coverage on shares of Smartsheet in a research report on Monday, February 26th. They set an "underperform" rating and a $45.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, Smartsheet presently has a consensus rating of "Moderate Buy" and an average price target of $49.75.
Get Our Latest Analysis on SMAR
Smartsheet Profile
(Free Report)
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.
Read More
- Five stocks we like better than Smartsheet
- 3 Tickers Leading a Meme Stock Revival
- GameStop Roars Near 100% as Roaring Kitty Posts Massive Position
- ZIM Shipping Stock Forecast, Earnings Triggers a Buy
- What is a Dividend King?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
→ Alert: Your Bank is Dying – Act Now or Lose Everything! (From Priority Gold) (Ad)
Should you invest $1,000 in Smartsheet right now?
Before you consider Smartsheet, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Smartsheet wasn't on the list.
While Smartsheet currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
12 Stocks Corporate Insiders are Abandoning
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report
