In a filing, Smartsheet Inc revealed its Chief Legal Officer Marshall Jolene Lau unloaded Company’s shares for reported $0.11 million on Jan 02 ’25. In the deal valued at $56.18 per share,2,000 shares were sold. As a result of this transaction, Marshall Jolene Lau now holds 17,739 shares worth roughly $1.0 million.
Then, Marshall Jolene Lau bought 2,000 shares, generating $112,360 in total proceeds.
Before that, Marshall Jolene Lau sold 2,000 shares. Smartsheet Inc shares valued at $111,980 were divested by the Chief Legal Officer at a price of $55.99 per share. As a result of the transaction, Marshall Jolene Lau now holds 19,739 shares, worth roughly $1.11 million.
Guggenheim downgraded its Smartsheet Inc [SMAR] rating to a Neutral from a a Buy 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 early September has reiterated a ‘”an Outperform”‘ rating for it. KeyBanc Capital Markets began covering SMAR with “Sector weight” recommendation on March 21, 2024. BMO Capital Markets maintained its rating on March 11, 2024. It rated SMAR as “an Outperform”.
Price Performance Review of SMAR
On Friday, Smartsheet Inc [NYSE:SMAR] saw its stock jump 0.25% to $56.20. Over the last five days, the stock has gained 0.30%. Smartsheet Inc shares have risen nearly 0.30% since the year began. Nevertheless, the stocks have risen 26.07% over the past one year. While a 52-week high of $56.55 was reached on 01/03/25, a 52-week low of $35.52 was recorded on 01/02/25. SMA at 50 days reached $56.04, while 200 days put it at $47.89.
Levels Of Support And Resistance For SMAR Stock
The 24-hour chart illustrates a support level at 56.10, which if violated will result in even more drops to 56.00. On the upside, there is a resistance level at 56.25. A further resistance level may holdings at 56.30. The Relative Strength Index (RSI) on the 14-day chart is 63.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.00%. Stochastics %K at 70.90% 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 2024-11-15, dropping by -0.89 million shares to a total of 2.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.51 million shares. There was a decline of -33.89%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 26, 2024 when BofA Securities began covering the stock and recommended ‘”an Underperform”‘ rating along with a $45 price target.
