Published on 30 Mar 2024 on GuruFocus.com via Yahoo Finance
Insider Sell: COO Stephen Branstetter Sells 5,737 Shares of Smartsheet Inc (SMAR)
Smartsheet Inc (NYSE:SMAR), a leading cloud-based platform for work execution, has recently seen a transaction from one of its top executives. COO Stephen Branstetter sold 5,737 shares of the company on March 27, 2024, according to a recent SEC filing.Smartsheet Inc is known for its software solutions that enable teams to plan, capture, manage, automate, and report on work across the business, helping them move faster and achieve more. The company's platform is widely used for collaboration and work management, providing users with an intuitive interface and real-time visibility into their projects.Stephen Branstetters recent transaction involved the sale of 5,737 shares at a price of $38.22 per share. This transaction has contributed to the insider selling trend observed over the past year at Smartsheet Inc, where there have been a total of 25 insider sells and only 1 insider buy.
The market cap of Smartsheet Inc stands at $5.290 billion, reflecting the company's significant presence in the software industry. Despite the insider selling activity, the stock's valuation suggests that it may be undervalued. With a share price of $38.22 and a GuruFocus Value of $56.10, the price-to-GF-Value ratio is 0.68, indicating that the stock is Significantly Undervalued according to GuruFocus metrics.