Smartsheet Inc’s recently made public that its CFO & Treasurer Godbole Pete unloaded Company’s shares for reported $0.39 million on Apr 11 ’24. In the deal valued at $38.67 per share,10,129 shares were sold. As a result of this transaction, Godbole Pete now holds 44,346 shares worth roughly $1.68 million.
Then, Branstetter Stephen Robert sold 5,737 shares, generating $219,268 in total proceeds. Upon selling the shares at $38.22, the Chief Operating Officer now owns 67,801 shares.
Before that, Arntz Michael sold 7,702 shares. Smartsheet Inc shares valued at $303,767 were divested by the Chief Revenue Officer at a price of $39.44 per share. As a result of the transaction, Arntz Michael now holds 12,718 shares, worth roughly $0.48 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 2.91% to $37.87. Over the last five days, the stock has gained 3.16%. Smartsheet Inc shares have fallen nearly -20.81% since the year began. Nevertheless, the stocks have fallen -13.28% 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 $40.47, while 200 days put it at $42.12. A total of 1.73 million shares were traded, compared to the trading of 1.12 million shares in the previous session.
Levels Of Support And Resistance For SMAR Stock
The 24-hour chart illustrates a support level at 37.33, which if violated will result in even more drops to 36.79. On the upside, there is a resistance level at 38.31. A further resistance level may holdings at 38.75. The Relative Strength Index (RSI) on the 14-day chart is 45.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.55%. Stochastics %K at 31.06% indicates the stock is a holding.
