The price of Smartsheet Inc (NYSE:SMAR) shares last traded on Wall Street fell -0.18% to $55.36.
SMAR stock price is now 13.23% away from the 50-day moving average and 25.86% away from the 200-day moving average. The market capitalization of the company currently stands at $7.69B.
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With the price target enhanced from $48 to $59, BMO Capital Markets maintained Outperform rating for Smartsheet Inc (NYSE: SMAR). , while ‘BMO Capital Markets’ rates the stock as ‘Outperform’
In other news, MADER MARK PATRICK, President and CEO sold 20,000 shares of the company’s stock on Sep 19 ’24. The stock was sold for $1,035,600 at an average price of $51.78. Upon completion of the transaction, the President and CEO now directly owns 588,762 shares in the company, valued at $32.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 19 ’24, Officer MADER MARK PATRICK bought 20,000 shares of the business’s stock. A total of $1,035,600 was incurred on buying the stock at an average price of $51.78. A total of 7.65% 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 $55.56. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 1.45, and a quick ratio of 1.45. The fifty day moving average price for SMAR is $49.0932 and a two-hundred day moving average price translates $44.0378 for the stock.
The latest earnings results from Smartsheet Inc (NYSE: SMAR) was released for 2024-07-31. The net profit margin was -4.07% and return on equity was -7.01% 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.
