Smartsheet Inc (NYSE:SMAR) CFO Pete Godbole Sells 7,500 Shares (2024)

Smartsheet Inc (NYSE:SMAR - Get Free Report) CFO Pete Godbole sold 7,500 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $43.54, for a total transaction of $326,550.00. Following the completion of the transaction, the chief financial officer now owns 36,846 shares of the company's stock, valued at approximately $1,604,274.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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Pete Godbole also recently made the following trade(s):

On Wednesday, May 15th, Pete Godbole sold 5,202 shares of Smartsheet stock. The shares were sold at an average price of $41.92, for a total transaction of $218,067.84.
On Thursday, April 11th, Pete Godbole sold 10,129 shares of Smartsheet stock. The shares were sold at an average price of $38.67, for a total transaction of $391,688.43.

Smartsheet Stock Down 0.3 %

SMAR stock traded down $0.12 during midday trading on Friday, hitting $41.81. 1,141,168 shares of the company traded hands, compared to its average volume of 1,558,311. Smartsheet Inc has a twelve month low of $35.52 and a twelve month high of $49.42. The business has a 50 day simple moving average of $39.56 and a 200-day simple moving average of $42.40. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of -67.43 and a beta of 0.74.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SMAR shares. Wells Fargo & Company increased their target price on shares of Smartsheet from $47.00 to $50.00 and gave the company an "overweight" rating in a research report on Thursday, June 6th. Royal Bank of Canada upped their price target on shares of Smartsheet from $36.00 to $43.00 and gave the company a "sector perform" rating in a report on Thursday, June 6th. DA Davidson cut their price target on shares of Smartsheet from $65.00 to $55.00 and set a "buy" rating for the company in a report on Friday, March 15th. Barclays upped their price target on shares of Smartsheet from $40.00 to $45.00 and gave the company an "equal weight" rating in a report on Thursday, June 6th. Finally, JPMorgan Chase & Co. cut their price target on shares of Smartsheet from $54.00 to $50.00 and set an "overweight" rating for the company in a report on Friday, March 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Smartsheet presently has a consensus rating of "Moderate Buy" and a consensus target price of $51.75.

Check Out Our Latest Research Report on Smartsheet

Hedge Funds Weigh In On Smartsheet

A number of institutional investors and hedge funds have recently bought and sold shares of SMAR. Treasurer of the State of North Carolina increased its stake in Smartsheet by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 55,099 shares of the company's stock valued at $2,229,000 after acquiring an additional 280 shares during the period. Cornercap Investment Counsel Inc. increased its position in shares of Smartsheet by 1.3% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 22,860 shares of the company's stock valued at $1,093,000 after purchasing an additional 285 shares during the period. Advisors Asset Management Inc. increased its position in shares of Smartsheet by 24.6% during the first quarter. Advisors Asset Management Inc. now owns 1,822 shares of the company's stock valued at $70,000 after purchasing an additional 360 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Smartsheet by 3.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,014 shares of the company's stock valued at $670,000 after purchasing an additional 402 shares in the last quarter. Finally, Avior Wealth Management LLC raised its stake in shares of Smartsheet by 5.9% in the fourth quarter. Avior Wealth Management LLC now owns 7,928 shares of the company's stock valued at $379,000 after purchasing an additional 441 shares in the last quarter. Institutional investors own 90.01% of the company's stock.

About Smartsheet

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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.

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