Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Smartsheet Inc shares valued at $111,980 were sold by Marshall Jolene Lau on Dec 13 ’24. At $55.99 per share, Marshall Jolene Lau sold 2,000 shares. The insider’s holdings dropped to 19,739 shares worth approximately $1.11 million following the completion of this transaction.
Also, MADER MARK PATRICK sold 47,916 shares, netting a total of over 2,681,379 in proceeds. Following the sale of shares at $55.96 each, the insider now holds 624,356 shares.
Before that, MADER MARK PATRICK had sold 5,000 shares from its account. In a trade valued at $280,000, the President and CEO traded Smartsheet Inc shares for $56.00 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $34.96 million.
As published in a research note from Guggenheim on November 11, 2024, Smartsheet Inc [SMAR] has been rated down from a Buy to a Neutral. Analysts at BMO Capital Markets resumed the stock at ‘”an Outperform”‘ outlook in a report released in early September. As of March 21, 2024, KeyBanc Capital Markets has initiated its “Sector weight” rating for SMAR. Earlier on March 11, 2024, BMO Capital Markets resumed its rating. Their recommendation was “an Outperform” for SMAR stock.
Analyzing SMAR Stock Performance
During the last five days, there has been a surge of approximately 0.07%. Over the course of the year, Smartsheet Inc shares have jumped approximately 17.11%. Shares of the company reached a 52-week high of $56.55 on 10/28/24 and a 52-week low of $35.52 on 03/15/24. A 50-day SMA is recorded $56.03, while a 200-day SMA reached $47.40. Nevertheless, trading volume fell to 0.75 million shares from 2.22 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 55.97, which, if violated, would cause prices to drop to 55.94. In the upper region, resistance lies at 56.03. The next price resistance is at 56.06. RSI (Relative Strength Index) is 53.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.02, which suggests the price will decrease in the coming days. Percent R is at 62.50%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
