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. The stock was recently discussed on Yahoo Finance as it revealed that Smartsheet to Participate in the 26th Annual Needham Growth Conference.
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Stocks Info
Smartsheet Inc is listed on the NYSE as a member of the Technology sector and is a part of the Software – Application industry. At the end of the last regular session, the stock closed at $47.83 and fluctuated between $48.01 as its day high and $47.17 as its day low. The current market capitalization of Smartsheet Inc is $6.52B. A total of 1.07 million shares were traded on the day, compared to an average of 1.20M shares.
Insider Activity
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, SMAR has seen 29 BUY and 12 SELL insider trades, representing the acquisition of 199,896 and the disposition of 79,568 shares. Over the last 12 months, there were 114 BUYs and 56 SELLs from insiders. Insiders purchased 455,386 shares during that period but sold 364,926.
In the most recent transaction, Arntz Michael sold 7,632 shares of SMAR for 46.69 per share on Jan 02. After the transaction, the Chief Revenue Officer now owns 12,733 company shares. In a previous transaction on Jan 02, Marshall Jolene Lau sold 2,247 shares at 47.10 per share. SMAR shares that Chief Legal Officer owns now total 14,376.
Among the insiders who sold shares, Godbole Pete disposed of 1,210 shares on Dec 18 at a per-share price of $46.97. This resulted in the CFO & Treasurer holding 45,854 shares of SMAR after the transaction. In another insider transaction, Godbole Pete sold 3,996 shares at $45.20 per share on Dec 15. Company shares held by the CFO & Treasurer now total 47,064.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for SMAR in the last 3 months, the mean price target is $56.55 with high estimates of $65.00 and low estimates of $48.00. In terms of 52-week highs and lows, SMAR has a high of $52.81 and a low of $37.09.
As of this writing, SMAR has an earnings estimate of $0.18 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $0.19 per share and a lower estimate of $0.17. The company reported an EPS of $0.16 in the last quarter, which was 128.60% higher than expectations of $0.07.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SMAR’s latest balance sheet shows that the firm has $449.07M in Cash & Short Term Investments as of fiscal 2022. There were $76.24M in debt and $437.44M in liabilities at the time. Its Book Value Per Share was $4.11, while its Total Shareholder’s Equity was $504.78M.
Analysts Opinion
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 4.71.
