Smartsheet Inc – (SMAR, +1, Jan 12th)
James White (Director since 2014) purchased 150,000 shares on January 7th at $63.07, spending $9.5 million. Despite being on the board for seven years this is his first purchase. The purchase is indirect for a Ltd. Partnership for which White is a trustee.
White was a Managing Director at Sutter Hill Ventures until he retired in 2020 and prior to that held senior positions at Macromedia, Silicon Graphics and HP. We ranked this stock +N on December 15th based on a $1.1 million purchase from Matthew Mcilwain (Director since 2007) at $70.88.
We are upgrading the stock further, from +N to +1.