Smartsheet Stock Forecast, Price & News

Smartsheet's stock was trading at $38.40 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SMAR shares have increased by 29.6% and is now trading at $49.77.
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15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last year. There are currently 6 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Smartsheet is scheduled to release its next quarterly earnings announcement on Wednesday, December 2nd 2020.
View our earnings forecast for Smartsheet.

Smartsheet Inc (NYSE:SMAR) released its quarterly earnings data on Wednesday, September, 2nd. The company reported ($0.06) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.16) by $0.10. The company had revenue of $91.22 million for the quarter, compared to the consensus estimate of $86.53 million. Smartsheet had a negative net margin of 34.08% and a negative return on equity of 20.90%. Smartsheet's revenue for the quarter was up 41.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.08) earnings per share.
View Smartsheet's earnings history.

Smartsheet issued an update on its FY21 earnings guidance on Wednesday, September, 2nd. The company provided earnings per share guidance of $(0.54)-(0.49) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.50). The company issued revenue guidance of $367-373 million, compared to the consensus revenue estimate of $364.66 million.

15 analysts have issued 12-month price targets for Smartsheet's stock. Their forecasts range from $45.00 to $68.00. On average, they anticipate Smartsheet's share price to reach $58.31 in the next year. This suggests a possible upside of 17.2% from the stock's current price.
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Some companies that are related to Smartsheet include Atlassian (TEAM), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Coupa Software (COUP), Check Point Software Technologies (CHKP), Citrix Systems (CTXS), Paycom Software (PAYC), SS&C Technologies (SSNC), Slack (WORK), Nice (NICE), Tyler Technologies (TYL), Mongodb (MDB), Black Knight (BKI), HubSpot (HUBS), Symantec (SYMC) and NortonLifeLock (NLOK).
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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), Trade Desk (TTD), Square (SQ), Shopify (SHOP), salesforce.com (CRM) and Tesla (TSLA).

(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 acted 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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.11%), Coatue Management LLC (4.19%), First Trust Advisors LP (2.97%), TimesSquare Capital Management LLC (0.81%), New York State Common Retirement Fund (0.79%) and FMR LLC (0.65%). Company insiders that own Smartsheet stock include Anna Griffin, Brent Frei, Elena Gomez, Eugene Farrell, Geoffrey T Barker, Insight Holdings Group, Llc, James N White, Jennifer Ceran, Kara Hamilton, Magdalena Yesil, Mark Patrick Mader, Matthew S Mcilwain, Michael Arntz, Paul Porrini and Venture Fund L P Madrona III.
View institutional ownership trends for Smartsheet.

SMAR stock was sold by a variety of institutional investors in the last quarter, including Coatue Management LLC, Point72 Asset Management L.P., Goldman Sachs Group Inc., black and white Capital LP, Two Sigma Advisers LP, Cpwm LLC, Advisor Group Holdings Inc., and AQR Capital Management LLC. 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.

SMAR stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Vanguard Group Inc., First Trust Advisors LP, New York State Common Retirement Fund, CIBC Private Wealth Group LLC, Kerrisdale Advisers LLC, Man Group plc, and Bank of New York Mellon Corp.
View insider buying and selling activity for Smartsheet.

Shares of SMAR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of SMAR stock can currently be purchased for approximately $49.77.

Smartsheet has a market capitalization of $6.00 billion and generates $270.88 million in revenue each year. The company earns $-95,940,000.00 in net income (profit) each year or ($0.82) on an earnings per share basis. Smartsheet employs 1,588 workers across the globe.

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

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]