Michael Arntz Is The Chief Revenue Officer & Executive VP of Worldwide Field Operations of Smartsheet Inc. (NYSE:SMAR) And They Just Sold 36% Of Their Shares

Anyone interested in Smartsheet Inc. (NYSE:SMAR) should probably be aware that the Chief Revenue Officer & Executive VP of Worldwide Field Operations, Michael Arntz, recently divested US$497k worth of shares in the company, at an average price of US$47.68 each. The eyebrow raising move amounted to a reduction of 36% in their holding.

See our latest analysis for Smartsheet

The Last 12 Months Of Insider Transactions At Smartsheet

In fact, the recent sale by Michael Arntz was the biggest sale of Smartsheet shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$47.12. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Smartsheet insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

I will like Smartsheet better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Does Smartsheet Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Smartsheet insiders own about US$200m worth of shares (which is 3.2% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Smartsheet Insiders?

An insider sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Smartsheet. For example - Smartsheet has 3 warning signs we think you should be aware of.

Of course Smartsheet may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.