In a filing, Smartsheet Inc revealed its Officer Marshall Jolene Lau acquired Company’s shares for reported $0.2 million on Oct 01 ’24. In the deal valued at $55.37 per share,3,571 shares were bought.
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Then, MADER MARK PATRICK sold 20,000 shares, generating $1,035,600 in total proceeds. Upon selling the shares at $51.78, the President and CEO now owns 588,762 shares.
Before that, MADER MARK PATRICK bought 20,000 shares. Smartsheet Inc shares valued at $1,035,600 were divested by the Officer at a price of $51.78 per share.
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 Tuesday, Smartsheet Inc [NYSE:SMAR] saw its stock fall -0.02% to $55.35. Over the last five days, the stock has lost -0.20%. Smartsheet Inc shares have risen nearly 15.75% since the year began. Nevertheless, the stocks have risen 36.80% over the past one year. While a 52-week high of $55.60 was reached on 09/25/24, a 52-week low of $35.52 was recorded on 03/15/24. SMA at 50 days reached $49.72, while 200 days put it at $44.25.
Levels Of Support And Resistance For SMAR Stock
The 24-hour chart illustrates a support level at 55.31, which if violated will result in even more drops to 55.26. On the upside, there is a resistance level at 55.41. A further resistance level may holdings at 55.46. The Relative Strength Index (RSI) on the 14-day chart is 70.02, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.45%. Stochastics %K at 95.55% indicates the stock is a selling.
How much short interest is there in Smartsheet Inc?
A steep rise in short interest was recorded in Smartsheet Inc stocks on 2024-09-13, growing by 0.24 million shares to a total of 1.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.63 million shares. There was a rise of 12.89%, which implies that there is a positive sentiment for the stock.
