The stock of Smartsheet Inc (NYSE:SMAR) last traded at $55.35, down -0.02% from the previous session.
SMAR stock price is now 11.63% away from the 50-day moving average and 25.22% away from the 200-day moving average. The market capitalization of the company currently stands at $7.70B.
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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, Marshall Jolene Lau, Officer bought 3,571 shares of the company’s stock on Oct 01 ’24. The stock was bought for $197,726 at an average price of $55.37. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 19 ’24, President and CEO MADER MARK PATRICK sold 20,000 shares of the business’s stock. A total of $1,035,600 was realized by selling the stock at an average price of $51.78. This leaves the insider owning 588,762 shares of the company worth $32.59 million. 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 $55.60. 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 $49.721 and a two-hundred day moving average price translates $44.25065 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.
