Eugene Farrell Sells 40,000 Shares of Smartsheet Inc (SMAR) Stock
Smartsheet Inc (NYSE:SMAR) VP Eugene Farrell sold 40,000 shares of the business’s stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $34.00, for a total transaction of $1,360,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Eugene Farrell also recently made the following trade(s):
- On Thursday, January 31st, Eugene Farrell sold 30,000 shares of Smartsheet stock. The stock was sold at an average price of $31.00, for a total transaction of $930,000.00.
NYSE:SMAR opened at $35.51 on Friday. Smartsheet Inc has a one year low of $18.06 and a one year high of $35.55. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.02.
Large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp acquired a new position in shares of Smartsheet in the second quarter valued at about $230,000. BlackRock Inc. acquired a new position in shares of Smartsheet in the second quarter valued at about $17,635,000. Northern Trust Corp acquired a new position in shares of Smartsheet in the second quarter valued at about $1,632,000. Hodges Capital Management Inc. acquired a new position in shares of Smartsheet in the third quarter valued at about $4,946,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Smartsheet in the third quarter valued at about $143,000. Hedge funds and other institutional investors own 42.08% of the company’s stock.
SMAR has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Smartsheet from a “buy” rating to a “hold” rating in a report on Wednesday, November 7th. Morgan Stanley upped their price objective on shares of Smartsheet from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, December 4th. Royal Bank of Canada decreased their price objective on shares of Smartsheet from $39.00 to $34.00 and set an “outperform” rating on the stock in a report on Friday, November 30th. Finally, Stephens assumed coverage on shares of Smartsheet in a report on Thursday, January 3rd. They issued an “overweight” rating and a $32.00 price objective on the stock. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Smartsheet has an average rating of “Buy” and a consensus price target of $34.00.
TRADEMARK VIOLATION WARNING: This report was first reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this report can be read at https://www.watchlistnews.com/eugene-farrell-sells-40000-shares-of-smartsheet-inc-smar-stock/2809829.html.
Smartsheet Inc provides cloud-based platform for execution of work. It enables teams and organizations to plan, capture, manage, automate, and report on work. The company offers Smartdashboards that provides the status of work to align individuals, managers, and executives; Smartportals to easily locate and access from any device the resources available for a project without IT assistance; Smartcards to organize, share, and act on workflows; and Smartgrids to keep teams on task by easily tracking multiple moving parts.
Featured Article: The Role of a Fiduciary and Individual Investors
Receive News & Ratings for Smartsheet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smartsheet and related companies with MarketBeat.com's FREE daily email newsletter.