Smartsheet Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last twelve months. There are currently 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Smartsheet stock.
View analyst ratings for Smartsheet or view top-rated stocks.

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Smartsheet saw a increase in short interest during the month of May. As of May 14th, there was short interest totaling 5,500,000 shares, an increase of 24.4% from the April 29th total of 4,420,000 shares. Based on an average daily trading volume, of 1,160,000 shares, the short-interest ratio is presently 4.7 days.
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Smartsheet is scheduled to release its next quarterly earnings announcement on Wednesday, September 1st 2021.
View our earnings forecast for Smartsheet.

Smartsheet Inc (NYSE:SMAR) announced its earnings results on Tuesday, June, 1st. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.05. The firm had revenue of $117.08 million for the quarter, compared to analysts' expectations of $114.76 million. Smartsheet had a negative trailing twelve-month return on equity of 22.90% and a negative net margin of 29.79%. The company's revenue for the quarter was up 37.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.11) earnings per share.
View Smartsheet's earnings history.

Smartsheet's stock was trading at $38.40 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SMAR shares have increased by 85.7% and is now trading at $71.29.
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Smartsheet issued an update on its second quarter 2022 earnings guidance on Tuesday, June, 22nd. The company provided earnings per share guidance of $-0.140--0.130 for the period, compared to the Thomson Reuters consensus estimate of $-0.100. The company issued revenue guidance of $125 million-126 million, compared to the consensus revenue estimate of $119.57 million.

12 analysts have issued 1 year price objectives for Smartsheet's stock. Their forecasts range from $65.00 to $90.00. On average, they expect Smartsheet's stock price to reach $77.27 in the next twelve months. This suggests a possible upside of 8.4% from the stock's current price.
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182 employees have rated Smartsheet CEO Mark Mader on Glassdoor.com. Mark Mader has an approval rating of 90% among Smartsheet's employees.

Some companies that are related to Smartsheet include Atlassian (TEAM), UiPath (PATH), Datadog (DDOG), Cloudflare (NET), Okta (OKTA), Unity Software (U), ANSYS (ANSS), HubSpot (HUBS), Slack Technologies (WORK), MongoDB (MDB), Paycom Software (PAYC), Splunk (SPLK), ZoomInfo Technologies (ZI), Take-Two Interactive Software (TTWO) and Qualtrics International (XM).
View all of SMAR's competitors.

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), Square (SQ), Shopify (SHOP), The Trade Desk (TTD), salesforce.com (CRM) and Tesla (TSLA).

(SMAR) raised $128 million in an IPO 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.

Smartsheet trades on the New York Stock Exchange (NYSE) under the ticker symbol "SMAR."

Smartsheet's stock is owned by many different retail and institutional investors. Top institutional shareholders include Brown Capital Management LLC (5.33%), BlackRock Inc. (4.48%), Whale Rock Capital Management LLC (2.89%), Abdiel Capital Advisors LP (2.46%), Champlain Investment Partners LLC (2.28%) and Alliancebernstein L.P. (2.27%). Company insiders that own Smartsheet stock include Anna Griffin, Brent Frei, Elena Gomez, Eugene Farrell, Geoffrey T Barker, Jennifer Ceran, Kara Hamilton, Magdalena Yesil, Mark Patrick Mader, Matthew S Mcilwain, Michael Arntz and Paul Porrini.
View institutional ownership trends for Smartsheet.

SMAR stock was sold by a variety of institutional investors in the last quarter, including 12 West Capital Management LP, Capital International Investors, Fred Alger Management LLC, Garde Capital Inc., Champlain Investment Partners LLC, Millennium Management LLC, D. E. Shaw & Co. Inc., and Artemis Investment Management LLP. Company insiders that have sold Smartsheet company stock in the last year include Anna Griffin, Brent Frei, Elena Gomez, Eugene Farrell, Geoffrey T Barker, Jennifer Ceran, Kara Hamilton, Magdalena Yesil, Mark Patrick Mader, Matthew S Mcilwain, Michael Arntz, and Paul Porrini.
View insider buying and selling activity for Smartsheet or view top insider-selling stocks.

SMAR stock was bought by a variety of institutional investors in the last quarter, including Dorsey Asset Management LLC, Morgan Stanley, Jericho Capital Asset Management L.P., Polar Capital Holdings Plc, TimesSquare Capital Management LLC, Whale Rock Capital Management LLC, Alliancebernstein L.P., and Credit Suisse AG.
View insider buying and selling activity for Smartsheet or or view top insider-buying stocks.

Shares of SMAR 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.
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One share of SMAR stock can currently be purchased for approximately $71.29.

Smartsheet has a market capitalization of $8.92 billion and generates $385.51 million in revenue each year. The company earns $-114,980,000.00 in net income (profit) each year or ($0.92) on an earnings per share basis.

Smartsheet employs 1,915 workers across the globe.

The official website for Smartsheet is www.smartsheet.com.

Smartsheet is headquartered at 10500 NE 8TH STREET SUITE 1300, BELLEVUE WA, 98004.

Smartsheet's mailing address is 10500 NE 8TH STREET SUITE 1300, BELLEVUE WA, 98004. The company can be reached via phone at 844-324-2360 or via email at [email protected]