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Friday, December 2, 2022

Searching For Real Value In Market Debris At Smartsheet Inc. (NYSE: SMAR)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Smartsheet Inc. (SMAR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$1.60, or -4.54%, to $33.64. Volume reached 50,777 shares, with price reaching a high of $34.29 and a low of $34. Yahoo Finance discussed the stock recently as it posted Smartsheet Helps Climate Pledge Arena and the Seattle Kraken Stay Ahead in the Fast-moving Sports and Entertainment Industry.

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Stocks Info

As a NYSE listed company, SMAR falls under the Technology sector while operating within the Software – Application industry segment. At the end of the last regular session, the stock closed at $34.29 and fluctuated between $35.98 as its day high and $34.26 as its day low. The current market capitalization of Smartsheet Inc. is $4.66B. A total of 1.07 million shares were traded on the day, compared to an average of 1.74M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, SMAR has seen 27 BUY and 12 SELL insider trades, representing the acquisition of 55,143 and the disposition of 37,445 shares. Over the last 12 months, there were 166 BUYs and 124 SELLs from insiders. Insiders purchased 787,799 shares during that period but sold 658,341.

In the most recent transaction, Godbole Pete sold 1,104 shares of SMAR for 36.64 per share on Sep 16. After the transaction, the CFO & Treasurer now owns 15,874 company shares. In a previous transaction on Sep 15, Gomez Elena sold 6,250 shares at 37.17 per share. SMAR shares that Director owns now total 6,003.

Among the insiders who sold shares, Hansen Megan disposed of 4,000 shares on Sep 14 at a per-share price of $38.04. This resulted in the Chief People & Culture Officer holding 4,155 shares of SMAR after the transaction. In another insider transaction, Marshall Jolene Lau sold 578 shares at $38.04 per share on Sep 14. Company shares held by the Chief Legal Officer now total 18,501.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for SMAR in the last 3 months, the mean price target is $45.46 with high estimates of $62.00 and low estimates of $32.00. In terms of 52-week highs and lows, SMAR has a high of $80.89 and a low of $27.05.

As of this writing, SMAR has an earnings estimate of $-0.52 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $-0.5 per share and a lower estimate of $-0.54. The company reported an EPS of $-0.46 in the last quarter, which was 17.86% higher than expectations of $-0.56.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 17 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SMAR is Underweight with a score of 4.69. A total of 14 analysts rated the stock as Buy while 1 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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