Smartsheet Inc’s recent filing unveils that its Chief Operating Officer Branstetter Stephen Robert unloaded Company’s shares for reported $0.19 million on Jun 28 ’24. In the deal valued at $44.42 per share,4,272 shares were sold. As a result of this transaction, Branstetter Stephen Robert now holds 63,795 shares worth roughly $2.81 million.
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Then, Godbole Pete sold 7,244 shares, generating $298,598 in total proceeds. Upon selling the shares at $41.22, the CFO & Treasurer now owns 30,786 shares.
Before that, Godbole Pete sold 7,500 shares. Smartsheet Inc shares valued at $326,550 were divested by the CFO & Treasurer at a price of $43.54 per share. As a result of the transaction, Godbole Pete now holds 36,846 shares, worth roughly $1.63 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 Tuesday, Smartsheet Inc [NYSE:SMAR] saw its stock fall -0.88% to $44.11. Over the last five days, the stock has gained 4.18%. Smartsheet Inc shares have fallen nearly -7.76% since the year began. Nevertheless, the stocks have risen 15.29% over the past one year. While a 52-week high of $49.42 was reached on 01/12/24, a 52-week low of $35.52 was recorded on 03/15/24. SMA at 50 days reached $40.60, while 200 days put it at $41.95. A total of 0.91 million shares were traded, compared to the trading of 1.7 million shares in the previous session.
Levels Of Support And Resistance For SMAR Stock
The 24-hour chart illustrates a support level at 43.59, which if violated will result in even more drops to 43.07. On the upside, there is a resistance level at 44.77. A further resistance level may holdings at 45.43. The Relative Strength Index (RSI) on the 14-day chart is 61.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.14%. Stochastics%K at 80.60% indicates the stock is a selling.
