Smartsheet (SMAR) Stock Price, News & Analysis $44.16 -0.73 (-1.63%) (As of 12/8/2023 08:57 PM ET) Add Compare Share Share Today's Range$42.76▼$47.1050-Day Range$38.07▼$45.2652-Week Range$34.78▼$52.81Volume4.10 million shsAverage Volume1.41 million shsMarket Capitalization$5.97 billionP/E RatioN/ADividend YieldN/APrice Target$53.13 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaSustainability Smartsheet MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.73 Rating ScoreUpside/Downside20.3% Upside$53.13 Price TargetShort InterestHealthy1.89% of Shares Sold ShortDividend StrengthN/ASustainability-0.46Upright™ Environmental ScoreNews Sentiment0.75Based on 41 Articles This WeekInsider TradingSelling Shares$9.57 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.00) to ($0.78) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.46 out of 5 starsComputer And Technology Sector128th out of 586 stocksPrepackaged Software Industry28th out of 187 stocks 3.4 Analyst's Opinion Consensus RatingSmartsheet has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 11 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $53.13, Smartsheet has a forecasted upside of 20.3% from its current price of $44.16.Amount of Analyst CoverageSmartsheet has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.89% of the outstanding shares of Smartsheet have been sold short.Short Interest Ratio / Days to CoverSmartsheet has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Smartsheet has recently decreased by 1.54%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldSmartsheet does not currently pay a dividend.Dividend GrowthSmartsheet does not have a long track record of dividend growth. Previous Next 3.6 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSmartsheet has received a 44.00% net impact score from Upright. Smartsheet seems to create the most significant positive value in categories "Taxes", "Relationships", and "Jobs". The positive contribution in the "Relationships" impact category is false driven by its "Collaboration software" and "Enterprise resource management software" products. See details.Environmental SustainabilityThe Environmental Impact score for Smartsheet is -0.46. Previous Next 3.2 News and Social Media Coverage News SentimentSmartsheet has a news sentiment score of 0.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 41 news articles for Smartsheet this week, compared to 6 articles on an average week.Search Interest6 people have searched for SMAR on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Smartsheet to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Smartsheet insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $9,566,415.00 in company stock.Percentage Held by InsidersOnly 4.71% of the stock of Smartsheet is held by insiders.Percentage Held by Institutions88.99% of the stock of Smartsheet is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Smartsheet are expected to grow in the coming year, from ($1.00) to ($0.78) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Smartsheet is -42.06, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Smartsheet is -42.06, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioSmartsheet has a P/B Ratio of 12.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Smartsheet Stock (NYSE:SMAR)Smartsheet, Inc. engages in managing and automating collaborative work. Its platform provides solutions that eliminate the obstacles to capturing information, including a familiar and intuitive spreadsheet interface as well as easily customizable forms. The company was founded by W. Eric Browne, Maria Colacurcio, John D. Creason and Brent R. Frei in June 2005 and is headquartered in Bellevue, WA.Read More SMAR Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SMAR Stock News HeadlinesNovember 20, 2023 | marketbeat.comMonday.com rocked earnings like it's the weekend (SMAR)Business collaboration software-as-a-service (SaaS) developer monday.com Ltd. had its sixth consecutive earnings blowout. Learn more.November 13, 2023 | marketbeat.comAtlassian fumbles the quarter but is still leading the game (SMAR)Collaboration software developer Atlassian's stock dropped 10% after its latest earnings report showed slowing growth, but the company is still a sector leaderDecember 11, 2023 | Autonomix (Ad)[Investor Alert] Potential Breakthrough Medical Tech Investment OpportunityAutonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.comDecember 11, 2023 | americanbankingnews.comBMO Capital Markets Boosts Smartsheet (NYSE:SMAR) Price Target to $52.00December 10, 2023 | americanbankingnews.comSmartsheet (NYSE:SMAR) PT Raised to $55.00December 10, 2023 | americanbankingnews.comSmartsheet (NYSE:SMAR) PT Raised to $53.00 at KeyCorpDecember 10, 2023 | americanbankingnews.comSmartsheet (NYSE:SMAR) Price Target Increased to $55.00 by Analysts at Truist FinancialDecember 10, 2023 | americanbankingnews.comSmartsheet Inc (NYSE:SMAR) Receives $52.53 Average PT from AnalystsDecember 11, 2023 | Autonomix (Ad)[Investor Alert] Potential Breakthrough Medical Tech Investment OpportunityAutonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.comDecember 9, 2023 | americanbankingnews.comSmartsheet Inc (NYSE:SMAR) Forecasted to Earn Q3 2024 Earnings of ($0.28) Per ShareDecember 9, 2023 | americanbankingnews.comDA Davidson Reaffirms Buy Rating for Smartsheet (NYSE:SMAR)December 8, 2023 | finance.yahoo.comSmartsheet Inc.: Smartsheet Enjoys Healthy Adoption in the Sticky Enterprise MarketDecember 8, 2023 | benzinga.comSmartsheet Analysts Boost Their Forecasts After Upbeat EarningsDecember 8, 2023 | markets.businessinsider.comWhat 6 Analyst Ratings Have To Say About SmartsheetDecember 8, 2023 | finance.yahoo.comSmartsheet Inc. (NYSE:SMAR) Q3 2024 Earnings Call TranscriptDecember 8, 2023 | finance.yahoo.comQ3 2024 Smartsheet Inc Earnings CallDecember 8, 2023 | finance.yahoo.comSmartsheet Stock Shows Rising Price Performance With Jump To 83 RS RatingDecember 7, 2023 | benzinga.comSmartsheet: Q3 Earnings InsightsDecember 7, 2023 | msn.comSmartsheet Non-GAAP EPS of $0.16 beats by $0.07, revenue of $245.9M beats by $4.6MDecember 7, 2023 | finance.yahoo.comSmartsheet (NYSE:SMAR) Q3: Beats On RevenueDecember 7, 2023 | finance.yahoo.comSmartsheet (SMAR) Q3 Earnings: Taking a Look at Key Metrics Versus EstimatesDecember 7, 2023 | finance.yahoo.comSmartsheet Inc (SMAR) Reports Robust Revenue Growth and Improved Cash Flow in Q3 FY2024December 7, 2023 | tmcnet.comRhythms Secures $26 Million in Seed Funding to Revolutionize Organizational Performance and Transform the Future of WorkDecember 7, 2023 | bizjournals.comCenter sets sights on measured growth after latest funding roundDecember 6, 2023 | msn.comSmartsheet Q3 2024 Earnings PreviewDecember 6, 2023 | benzinga.comEarnings Outlook For SmartsheetDecember 6, 2023 | markets.businessinsider.comHere's what Wall Street expects from Smartsheet's earnings reportSee More Headlines Receive SMAR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Smartsheet and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings12/07/2023Today12/11/2023Fiscal Year End1/31/2024Next Earnings (Estimated)3/12/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:SMAR CUSIPN/A CIK1366561 Webwww.smartsheet.com Phone844-324-2360FaxN/AEmployees3,191Year FoundedN/APrice Target and Rating Average Stock Price Target$53.13 High Stock Price Target$60.00 Low Stock Price Target$40.00 Potential Upside/Downside+20.3%Consensus RatingModerate Buy Rating Score (0-4)2.73 Research Coverage15 Analysts Profitability EPS (Most Recent Fiscal Year)($1.05) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-215,640,000.00 Net Margins-15.15% Pretax Margin-15.95% Return on Equity-24.43% Return on Assets-11.07% Debt Debt-to-Equity RatioN/A Current Ratio1.31 Quick Ratio1.31 Sales & Book Value Annual Sales$766.91 million Price / Sales7.78 Cash FlowN/A Price / Cash FlowN/A Book Value$3.68 per share Price / Book12.00Miscellaneous Outstanding Shares135,130,000Free Float128,768,000Market Cap$5.97 billion OptionableNot Optionable Beta0.86 10 Best Stocks to Own in 2024Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio. Get This Free Report Key ExecutivesMark MaderChief Executive Officer & PresidentMike ArntzChief Revenue Officer & EVP of Worldwide Field OperationsJenny CeranChief Financial Officer & TreasurerGene FarrellChief Product OfficerPaul PorriniChief Legal Officer & General CounselKara HamiltonChief People & Culture OfficerPraerit GargChief Technology Officer & EVP of EngineeringMore ExecutivesKey CompetitorsFreshworksNASDAQ:FRSHNew RelicNYSE:NEWRSentinelOneNYSE:SZoomInfo TechnologiesNASDAQ:ZIQualysNASDAQ:QLYSView All CompetitorsInsiders & InstitutionsWellington Management Group LLPBought 1,580 shares on 12/1/2023Ownership: 0.015%American Century Companies Inc.Bought 690 shares on 11/30/2023Ownership: 0.005%Deutsche Bank AGSold 256,329 shares on 11/24/2023Ownership: 0.006%Graham Capital Management L.P.Sold 25,618 shares on 11/22/2023Ownership: 0.017%Walleye Capital LLCBought 3,900 shares on 11/21/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions SMAR Stock Analysis - Frequently Asked Questions Should I buy or sell Smartsheet stock right now? 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last twelve months. There are currently 4 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SMAR shares. View SMAR analyst ratings or view top-rated stocks. What is Smartsheet's stock price target for 2024? 15 brokerages have issued 12-month target prices for Smartsheet's shares. Their SMAR share price targets range from $40.00 to $60.00. On average, they predict the company's stock price to reach $53.13 in the next twelve months. This suggests a possible upside of 20.3% from the stock's current price. View analysts price targets for SMAR or view top-rated stocks among Wall Street analysts. How have SMAR shares performed in 2023? Smartsheet's stock was trading at $39.36 at the beginning of 2023. Since then, SMAR shares have increased by 12.2% and is now trading at $44.16. View the best growth stocks for 2023 here. Are investors shorting Smartsheet? Smartsheet saw a drop in short interest in the month of October. As of October 31st, there was short interest totaling 2,600,000 shares, a drop of 16.7% from the October 15th total of 3,120,000 shares. Based on an average daily volume of 1,370,000 shares, the days-to-cover ratio is presently 1.9 days. View Smartsheet's Short Interest. When is Smartsheet's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 12th 2024. View our SMAR earnings forecast. How were Smartsheet's earnings last quarter? Smartsheet Inc (NYSE:SMAR) released its quarterly earnings data on Thursday, December, 7th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.07. The company had revenue of $245.90 million for the quarter, compared to analysts' expectations of $241.36 million. Smartsheet had a negative net margin of 15.15% and a negative trailing twelve-month return on equity of 24.43%. The business's revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.30) EPS. What ETFs hold Smartsheet's stock? ETFs with the largest weight of Smartsheet (NYSE:SMAR) stock in their portfolio include Motley Fool Small-Cap Growth ETF (TMFS), MFAM Small-Cap Growth ETF (MFMS), Invesco Dynamic Software ETF (PSJ), Direxion Work From Home ETF (WFH), iShares Virtual Work and Life Multisector ETF (IWFH), WisdomTree Cloud Computing Fund (WCLD), ALPS O'Shares Global Internet Giants ETF (OGIG) and Wedbush ETFMG Global Cloud Technology ETF (IVES). What guidance has Smartsheet issued on next quarter's earnings? Smartsheet issued an update on its FY24 earnings guidance on Thursday, December, 7th. The company provided EPS guidance of $0.68-0.69 for the period, compared to the consensus estimate of $0.55. The company issued revenue guidance of $955-957 million, compared to the consensus revenue estimate of $951.96 million. What is Mark Mader's approval rating as Smartsheet's CEO? 182 employees have rated Smartsheet Chief Executive Officer Mark Mader on Glassdoor.com. Mark Mader has an approval rating of 90% among the company's employees. What other stocks do shareholders of Smartsheet own? Based on aggregate information from My MarketBeat watchlists, some companies that other Smartsheet investors own include NVIDIA (NVDA), DocuSign (DOCU), Twilio (TWLO), Alibaba Group (BABA), Okta (OKTA), Block (SQ), Shopify (SHOP), Trade Desk (TTD), Salesforce (CRM) and Tesla (TSLA). When did Smartsheet IPO? (SMAR) raised $128 million in an initial public offering on Friday, April 27th 2018. The company issued 11,600,000 shares at $10.00-$12.00 per share. Morgan Stanley, J.P. Morgan, Jefferies and RBC Capital Markets served as the underwriters for the IPO and Canaccord Genuity, William Blair and SunTrust Robinson Humphrey were co-managers. Who are Smartsheet's major shareholders? Smartsheet's stock is owned by a number of institutional and retail investors. Top institutional investors include Eminence Capital LP (2.46%), Westfield Capital Management Co. LP (1.84%), TimesSquare Capital Management LLC (1.55%), JPMorgan Chase & Co. (1.20%), Alkeon Capital Management LLC (0.99%) and RGM Capital LLC (0.93%). Insiders that own company stock include Alissa Jamese Abdullah, Andrew Lee Bennett, Anna Griffin, Brendan Walsh, Brent Frei, Elena Gomez, Eugene Farrell, Geoffrey T Barker, James N White, Jolene Lau Marshall, Joseph M Jr Manko, Kara Hamilton, Magdalena Yesil, Mark Patrick Mader, Matthew S Mcilwain, Megan Hansen, Michael Arntz, Michael P Gregoire, Paul Porrini, Pete Godbole and Stephen Robert Branstetter. View institutional ownership trends. How do I buy shares of Smartsheet? Shares of SMAR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. This page (NYSE:SMAR) was last updated on 12/11/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Smartsheet Inc Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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