Smartsheet Inc’s recently made public that its Director BRENT RONALD FREI acquired Company’s shares for reported $6.07 million on Sep 13 ’24. In the deal valued at $50.56 per share,120,000 shares were bought.
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Then, Marshall Jolene Lau bought 3,571 shares, generating $180,657 in total proceeds.
Before that, Marshall Jolene Lau sold 3,741 shares. Smartsheet Inc shares valued at $180,241 were divested by the Chief Legal Officer at a price of $48.18 per share. As a result of the transaction, Marshall Jolene Lau now holds 17,100 shares, worth roughly $0.89 million.
BMO Capital Markets reiterated its Smartsheet Inc [SMAR] rating to an Outperform in a research note published on September 06, 2024; the price target was $59. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in late March with a ‘”a Sector weight”‘ rating. BMO Capital Markets also remained covering SMAR and reiterated its “an Outperform” recommendation on March 11, 2024. BofA Securities started covering the stock on February 26, 2024. It rated SMAR as “an Underperform”.
Price Performance Review of SMAR
On Friday, Smartsheet Inc [NYSE:SMAR] saw its stock jump 3.28% to $52.22. Over the last five days, the stock has lost -0.10%. Smartsheet Inc shares have risen nearly 9.20% since the year began. Nevertheless, the stocks have risen 20.24% over the past one year. While a 52-week high of $54.28 was reached on 09/06/24, a 52-week low of $35.52 was recorded on 03/15/24. SMA at 50 days reached $47.67, while 200 days put it at $43.68.
Levels Of Support And Resistance For SMAR Stock
The 24-hour chart illustrates a support level at 50.61, which if violated will result in even more drops to 49.00. On the upside, there is a resistance level at 53.20. A further resistance level may holdings at 54.18. The Relative Strength Index (RSI) on the 14-day chart is 64.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.06%. Stochastics %K at 64.87% 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 2024-08-30, growing by 0.11 million shares to a total of 1.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 1.62 million shares. There was a rise of 6.13%, which implies that there is a positive sentiment for the stock.
