Insider Trading : Fri 6/16/23

Notable purchases -- 10% owner adds to SAFT; notable sales -- Execs active in JPM

Buyers:

• COHR Director bought 6,041 shares at $49.59 - $49.6381 worth ~$300K.
• NOTE Director bought 55,000 shares at $3.00 worth ~$165K.
• NVCT 10% owner bought 32,124 shares at $17.54 - $17.71 worth ~$569K.
• RMAX 10% owner bought 16,411 shares at ~$18.97 worth ~$311K.
• SAFT 10% owner SRB Corporation bought 14,338 shares at ~$73.787 worth ~$1.1 mln.
• SMAR Director bought 3,800 shares at $39.36 - $39.39 worth ~$150K.

Sellers:

• JPM CEO Commercial Banking, CEO Asset & Wealth Management, and Vice Chair sold 15,530 shares at $141.39 - $142.163 worth ~$2.2 mln.
• WRBY 10% owner sold 175,364 shares at $12.00 - $12.06 worth ~$2.1 mln.

Smartsheet (SMAR) reported earnings on Mon 7 Dec 2020 (a/h)

 

Smartsheet beats by $0.09, beats on revs; guides Q4 EPS in-line, revs above consensus, appoints Pete Godbole as Chief Financial Officer

Reports Q3 (Oct) loss of $0.12 per share, $0.09 better than the S&P Capital IQ Consensus of ($0.21); revenues rose 38.3% year/year to $98.9 mln vs the $94.57 mln S&P Capital IQ Consensus.

The number of all customers with annualized contract values of $5,000 or more grew to 11,172, an increase of 33% yr/yr.

Average ACV per domain-based customer increased to $4,665, an increase of 42% yr/yr.

Dollar-based net retention rate was 125%.

Co issues guidance for Q4, sees EPS of ($0.15)-($0.13) vs. ($0.13) S&P Capital IQ Consensus; sees Q4 revs of $102-$103 mln vs. $99.47 mln S&P Capital IQ Consensus. Sees calculated billings of $131-$134 million, representing year-over-year growth of 29% to 32%.

New CFO Appointment: Co also announces Pete Godbole has joined the company as Chief Financial Officer. Godbole will succeed Jennifer Ceran, who is retiring and will remain with Smartsheet in the near term to facilitate a smooth transition.

Earnings this week : Dec 7 - 11, 20 (wk 50)

Monday (Dec 7)

• Morning:  JKS
• Afternoon: CASY COUP HQY SMAR SFIX TOL

Tuesday (Dec 8)

• Morning: AZO BF.B CMD CONN GIII HRB JW.A THO
• Afternoon:  AVAV CHWY GME GWRE MDB PHR

Wednesday (Dec 9)

• Morning:  CPB DBI LOVE PLAB UNFI VRA
• Afternoon:  ADBE CMTL GEF MESA NCNO OXM RH VRNT

Thursday (Dec 10)

• Morning: CIEN
• Afternoon:  AVGO COST PLAY LULU ORCL NX MTN

Friday (Dec 11)  

• Morning:  ROAD

Smartsheet (SMAR) reported earnings on Wed 4 Sept 19 (a/h)

** charts before earnings **

 

** charts after earnings **

Smartsheet beats by $0.08, beats on revs; guides OctQ EPS below consensus, revs above consensus; guides FY20 EPS in-line, revs in-line

Reports Q2 (Jul) loss of $(0.08) per share, excluding non-recurring items, $0.08 better than the S&P Capital IQ Consensus of ($0.16); revenues rose 52.5% year/year to $64.64 mln vs the $63.55 mln S&P Capital IQ Consensus.

• The number of all customers with annualized contract values (ACV) of $5,000 or more grew to 7,673, an increase of 55% yr/yr
• Customers with ACV of $50,000+ grew to 635, an increase of 113% yr/yr; customers with ACV of $100,000+ grew to 226, an increase of 128% yr/yr.
• ACV per domain-based customer increased to $2,972, an increase of 48% yr/yr; dollar-based net retention rate was 134%.

Co issues mixed guidance for Q3 (Oct), sees EPS of $(0.19)-(0.18), excluding non-recurring items, vs. ($0.15) S&P Capital IQ Consensus; sees Q3 revs of $69-70 mln vs. $68.92 mln S&P Capital IQ Consensus.

Co issues in-line guidance for FY20, sees EPS of $(0.58)-(0.54), excluding non-recurring items, vs. ($0.55) S&P Capital IQ Consensus; sees FY20 revs of $265-268 mln vs. $264.25 mln S&P Capital IQ Consensus and vs prior guidance of $262-265 mln.

Earnings this week : Sept 2 - 6, 19 (wk 36)

Monday (Sept 2)

• Labor Day Holiday

Tuesday (Sept 3)

• Morning: CONN NSSC TUFN
• Afternoon: COUP EGAN GSM HQY

Wednesday (Sept 4)

• Morning: AEO MIK  NAV VRA
• Afternoon: AVAV HOME CLDR CPRT DSGX MDB PANW PVTL REVG WORK SMAR VRNT

Thursday (Sept 5)

• Morning: BITA CIEN DCI GIII JW.A KIRK LE LVGO MDP SCWX SIG
• Afternoon: ABM CDMO CRWD DOCU DOMO GWRE KFY LULU MDLA PD NX SAIC ZM ZUMZ

Friday (Sept 6) 

• Morning: BRC GCO

Notable earnings reports:

• Coupa Software (NASDAQ:COUP) on September 3; Slack Technologies (WORK), Palo Alto Networks (NYSE:PANW), MongoDB (NASDAQ:MDB), Cloudera (NYSE:CLDR) and Pivotal Software (NYSE:PVTL) on September 4; Lululemon (LULU), DocuSign (NASDAQ:DOCU), Signet Jewelers (NYSE:SIG) and Zoom Video (NASDAQ:ZM) on September 5; Brady (NYSE:BRC) on September 6.

Long trade : Smartsheet (SMAR) +18% (3/19)

 

Smartsheet (SMAR) reported earnings on Mon 4 June 2018 (a/h)

** charts before earnings **

 

** charts after earnings **

 

Smartsheet beats by $0.06, beats on revs; guides Q2 EPS in-line, revs above consensus; guides FY19 EPS above consensus, revs above consensus 

• Reports Q1 (Apr) loss of $0.12 per share, $0.06 better than the Capital IQ Consensus of ($0.18); revenues rose 63.5% year/year to $36.3 mln vs the $33.24 mln Capital IQ Consensus.
• The number of all customers with annualized contract values (ACV) of $5,000 or more grew to 4,349, an increase of 78% year-over-year.
• Dollar-based net retention rate was 130%.
• Co issues guidancefor Q2, sees EPS of ($0.14)-($0.13) vs. ($0.14) Capital IQ Consensus Estimate; sees Q2 revs of $38.5-$39.5 mln vs. $37.23 mln Capital IQ Consensus Estimate.
• Co issues upside guidance for FY19, sees EPS of ($0.59)-($0.56) vs. ($0.61) Capital IQ Consensus Estimate; sees FY19 revs of $159-$162 mln vs. $155.06 mln Capital IQ Consensus Estimate. Sees billings of $193-$196 mln and net free cash flow of up to negative $25 mln.