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Wednesday, February 8, 2023

There’s No Need To Panic Or Freeze When It Comes To Smartsheet Inc. (NYSE: SMAR)

After Hours

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. After-hours trades for Smartsheet Inc. (SMAR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.27, or 0.74%, to $36.73. The Smartsheet Inc. has recorded 21,765 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Smartsheet to Participate in the 25th Annual Needham Growth Conference.

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Stocks Info

The company is listed on the NYSE and operates within the Software – Application industry segment. At the end of the last regular session, the stock closed at $36.46 and fluctuated between $36.74 as its day high and $34.78 as its day low. The current market capitalization of Smartsheet Inc. is $4.69B. A total of 0.92 million shares were traded on the day, compared to an average of 1.35M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, SMAR has seen 32 BUY and 12 SELL insider trades, representing the acquisition of 110,685 and the disposition of 51,556 shares. Over the last 12 months, there were 162 BUYs and 86 SELLs from insiders. Insiders purchased 524,869 shares during that period but sold 235,399.

In the most recent transaction, Godbole Pete sold 2,256 shares of SMAR for 41.36 per share on Dec 14. After the transaction, the CFO & Treasurer now owns 18,229 company shares. In a previous transaction on Dec 14, Marshall Jolene Lau sold 1,366 shares at 41.36 per share. SMAR shares that Chief Legal Officer owns now total 11,135.

Among the insiders who sold shares, Marshall Jolene Lau disposed of 6,001 shares on Nov 16 at a per-share price of $31.45. This resulted in the Chief Legal Officer holding 12,501 shares of SMAR after the transaction. In another insider transaction, Marshall Jolene Lau sold 6,000 shares at $30.90 per share on Nov 04. Company shares held by the Chief Legal Officer now total 12,501.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for SMAR in the last 3 months, the mean price target is $46.43 with high estimates of $57.00 and low estimates of $36.00. In terms of 52-week highs and lows, SMAR has a high of $71.86 and a low of $25.09.

As of this writing, SMAR has an earnings estimate of -$0.15 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of -$0.15 per share and a lower estimate of -$0.17. The company reported an EPS of -$0.18 in the last quarter, which was 5.30% higher than expectations of -$0.19.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

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. Currently, 22 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 Sell with a score of 4.63. A total of 17 analysts rated the stock as Buy while 0 rated it as Overweight while 5 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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