In a filing, Smartsheet Inc revealed its Chief Operating Officer Branstetter Stephen Robert unloaded Company’s shares for reported $0.22 million on Mar 27 ’24. In the deal valued at $38.22 per share,5,737 shares were sold. As a result of this transaction, Branstetter Stephen Robert now holds 67,801 shares worth roughly $2.63 million.
Then, Arntz Michael sold 7,702 shares, generating $303,767 in total proceeds. Upon selling the shares at $39.44, the Chief Revenue Officer now owns 12,718 shares.
Before that, Arntz Michael sold 225 shares. Smartsheet Inc shares valued at $10,134 were divested by the Chief Revenue Officer at a price of $45.04 per share. As a result of the transaction, Arntz Michael now holds 7,148 shares, worth roughly $0.28 million.
KeyBanc Capital Markets initiated its Smartsheet Inc [SMAR] rating to a Sector weight in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who remained covering the stock and in mid March has reiterated a ‘”an Outperform”‘ rating for it. BofA Securities began covering SMAR with “an Underperform” recommendation on February 26, 2024. Citigroup revised its rating on January 11, 2024. It rated SMAR as “a Buy” which previously was an “a Neutral”.
Price Performance Review of SMAR
On Monday, Smartsheet Inc [NYSE:SMAR] saw its stock jump 1.23% to $38.73. Over the last five days, the stock has gained 0.86%. Smartsheet Inc shares have fallen nearly -19.01% since the year began. Nevertheless, the stocks have fallen -15.79% over the past one year. While a 52-week high of $52.81 was reached on 01/12/24, a 52-week low of $35.52 was recorded on 03/15/24. SMA at 50 days reached $42.05, while 200 days put it at $42.15. A total of 1.39 million shares were traded, compared to the trading of 2.27 million shares in the previous session.
Levels Of Support And Resistance For SMAR Stock
The 24-hour chart illustrates a support level at 38.30, which if violated will result in even more drops to 37.86. On the upside, there is a resistance level at 39.16. A further resistance level may holdings at 39.58. The Relative Strength Index (RSI) on the 14-day chart is 41.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.19%. Stochastics %K at 46.30% indicates the stock is a holding.
How much short interest is there in Smartsheet Inc?
A steep rise in short interest was recorded in Smartsheet Inc stocks on Mar 15, 2024, growing by 10000.0 shares to a total of 2.79 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.78 million shares. There was a rise of 0.36%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.35% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.57.
