Smartsheet Inc’s filing revealed that its President and CEO MADER MARK PATRICK unloaded Company’s shares for reported $0.28 million on Oct 02 ’24. In the deal valued at $55.35 per share,5,000 shares were sold. As a result of this transaction, MADER MARK PATRICK now holds 583,762 shares worth roughly $32.99 million.
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Then, Marshall Jolene Lau sold 3,571 shares, generating $197,726 in total proceeds. Upon selling the shares at $55.37, the Chief Legal Officer now owns 9,958 shares.
Before that, MADER MARK PATRICK bought 5,000 shares. Smartsheet Inc shares valued at $276,750 were divested by the Officer at a price of $55.35 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 Friday, Smartsheet Inc [NYSE:SMAR] saw its stock jump 0.36% to $56.51. Over the last five days, the stock has gained 0.96%. Smartsheet Inc shares have risen nearly 18.17% since the year began. Nevertheless, the stocks have risen 44.27% over the past one year. While a 52-week high of $56.53 was reached on 10/25/24, a 52-week low of $35.52 was recorded on 03/15/24. SMA at 50 days reached $52.89, while 200 days put it at $45.07.
Levels Of Support And Resistance For SMAR Stock
The 24-hour chart illustrates a support level at 56.38, which if violated will result in even more drops to 56.26. On the upside, there is a resistance level at 56.59. A further resistance level may holdings at 56.67. The Relative Strength Index (RSI) on the 14-day chart is 74.18, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.27%. Stochastics %K at 81.93% 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 2024-10-15, growing by 1.64 million shares to a total of 3.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.87 million shares. There was a rise of 46.7%, which implies that there is a positive sentiment for the stock.
