Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Smartsheet Inc shares valued at $218,068 were sold by Godbole Pete on May 15 ’24. At $41.92 per share, Godbole Pete sold 5,202 shares. The insider’s holdings dropped to 44,346 shares worth approximately $1.81 million following the completion of this transaction.
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Also, Godbole Pete sold 10,129 shares, netting a total of over 391,688 in proceeds. Following the sale of shares at $38.67 each, the insider now holds 44,346 shares.
Before that, Branstetter Stephen Robert had sold 5,737 shares from its account. In a trade valued at $219,268, the Chief Operating Officer traded Smartsheet Inc shares for $38.22 each. Upon closing the transaction, the insider’s holdings decreased to 5,737 shares, worth approximately $2.76 million.
As published in their initiating research note from KeyBanc Capital Markets on March 21, 2024, Smartsheet Inc [SMAR] has been a Sector weight. Analysts at BMO Capital Markets resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid March. As of February 26, 2024, BofA Securities has initiated its “an Underperform” rating for SMAR. Earlier on January 11, 2024, Citigroup upgraded its rating. Their new recommendation was “a Buy” for SMAR stock which previously was a “a Neutral”.
Analyzing SMAR Stock Performance
During the last five days, there has been a drop of approximately -2.89%. Over the course of the year, Smartsheet Inc shares have dropped approximately -14.83%. Shares of the company reached a 52-week high of $49.42 on 01/12/24 and a 52-week low of $35.52 on 03/15/24. A 50-day SMA is recorded $38.97, while a 200-day SMA reached $41.88. Nevertheless, trading volume fell to 0.64 million shares from 0.85 million shares the previous day.
Support And Resistance Levels for Smartsheet Inc (SMAR)
According to the 24-hour chart, there is a support level at 40.22, which, if violated, would cause prices to drop to 39.72. In the upper region, resistance lies at 41.51. The next price resistance is at 42.30. RSI (Relative Strength Index) is 55.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.69, which suggests the price will decrease in the coming days. Percent R is at 42.46%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
