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Insider Trends: Smartsheet Insider Extends 90-Day Selling Trend

05/07/2021 14:33

06:24 PM EDT, 05/07/2021 (MT Newswires) -- On May 06, 2021, Mark Patrick Mader, Director and President & CEO, executed a sale of 10,000 shares in Smartsheet (SMAR) for $555,930. Mader, after the transactions defined in the SEC Form 4 filing, has indirect ownership of 51,250 shares of company stock, with a market value, based on the prior-day closing price, of $2.82 million.

In the 90 days prior to the date of this filing, there have been 49 insider transactions reported to the SEC for Smartsheet. These transactions came from the activities of 12 different insiders that resulted in a net acquisition of 7,871 company shares. Relative to the preceding 90-day window of time, there were 58 transactions from 13 insiders and resulted in the net disposition of 1,448,741 shares.

This level of insider transactions is below that of the peer group average in the 71-company Enterprise Software peer group over the last 90-day period. Peer group activity averaged 189.5 transactions per company, and disposition of 83,765 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1366561/000120092521000018/xslF345X03/wf-form4_162042613268437.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.