Insider Sell: Director Alissa Abdullah Sells 2,500 Shares of Smartsheet Inc (SMAR)
On October 4, 2023, Director Alissa Abdullah sold 2,500 shares of Smartsheet Inc (NYSE:SMAR). This move comes amidst a year where the insider has sold a total of 2,500 shares and purchased none.
Alissa Abdullah is a key figure in Smartsheet Inc, serving as a Director. Smartsheet Inc is a software company that provides a cloud-based platform for work execution, enabling teams and organizations to plan, capture, manage, automate, and report on work at scale. The company's platform, Smartsheet, consists of a grid interface with a range of capabilities, including file sharing, workflows, and reporting.
The insider's recent sell has raised eyebrows in the financial community, prompting a closer look at the company's stock performance and insider trading trends.
The insider transaction history for Smartsheet Inc shows a trend of more sells than buys over the past year. There have been 18 insider sells and only 1 insider buy. This could indicate that insiders believe the stock is overvalued, prompting them to sell their shares.
On the day of the insider's recent sell, shares of Smartsheet Inc were trading for $40.09 apiece, giving the stock a market cap of $5.624 billion. This is a significant figure, indicating the company's substantial presence in the market.
However, according to the GuruFocus Value, the stock is significantly undervalued. With a price of $40.09 and a GuruFocus Value of $83.38, Smartsheet Inc has a price-to-GF-Value ratio of 0.48. This suggests that the stock is undervalued and could be a good buy for investors.
The GF Value is an intrinsic value estimate developed by GuruFocus. It is calculated based on historical multiples that the stock has traded at, a GuruFocus adjustment factor based on the companys past returns and growth, and future estimates of business performance from Morningstar analysts.
In conclusion, while the insider's recent sell might raise concerns, the stock's undervalued status according to the GuruFocus Value suggests potential for growth. Investors should keep a close eye on Smartsheet Inc's stock performance and insider trading trends to make informed decisions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
