Smartsheet (SMAR) Receives a Hold from RBC Capital

In a report released on September 1, Rishi Jaluria from RBC Capital maintained a Hold rating on Smartsheet (SMARResearch Report), with a price target of $32.00. The company’s shares closed yesterday at $34.16.

Jaluria covers the Technology sector, focusing on stocks such as New Relic, Coupa Software, and MongoDB. According to TipRanks, Jaluria has an average return of 0.3% and a 43.82% success rate on recommended stocks.

In addition to RBC Capital, Smartsheet also received a Hold from Citigroup’s Tyler Radke in a report issued on September 1. However, yesterday, Jefferies maintained a Buy rating on Smartsheet (NYSE: SMAR).

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The company has a one-year high of $85.65 and a one-year low of $27.05. Currently, Smartsheet has an average volume of 1.87M.

Based on the recent corporate insider activity of 115 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SMAR in relation to earlier this year. Most recently, in July 2022, Marshall Jolene Lau, the CLO of SMAR sold 5,000.00 shares for a total of $158,850.00.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Smartsheet, Inc. engages in the design and development of cloud-based platform for work management. It offers ways for customers to plan and manage their work using grids, projects, cards, and calendars. The company was founded by W. Eric Browne, Maria Colacurcio, John D. Creason, and Brent R. Frei in 2005 and is headquartered in Bellevue, WA.

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