Smartsheet Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last year. There are currently 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Smartsheet stock.
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Wall Street analysts have given Smartsheet a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Smartsheet wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Smartsheet saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 4,500,000 shares, an increase of 22.3% from the March 31st total of 3,680,000 shares. Based on an average daily volume of 1,150,000 shares, the days-to-cover ratio is currently 3.9 days.
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Smartsheet is scheduled to release its next quarterly earnings announcement on Wednesday, June 2nd 2021.
View our earnings forecast for Smartsheet.

Smartsheet will be holding an earnings conference call on Wednesday, June 2nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Smartsheet Inc (NYSE:SMAR) posted its quarterly earnings results on Monday, March, 15th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.13) by $0.09. The firm earned $109.87 million during the quarter, compared to analysts' expectations of $102.69 million. Smartsheet had a negative net margin of 32.32% and a negative trailing twelve-month return on equity of 21.98%. The firm's revenue was up 39.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.13) earnings per share.
View Smartsheet's earnings history.

Smartsheet's stock was trading at $38.40 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SMAR shares have increased by 35.8% and is now trading at $52.16.
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Smartsheet updated its FY22 earnings guidance on Tuesday, March, 16th. The company provided EPS guidance of ($0.44)-($0.36) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.42). The company issued revenue guidance of $500-505 million, compared to the consensus revenue estimate of $488.79 million.

14 equities research analysts have issued 1-year price objectives for Smartsheet's stock. Their forecasts range from $45.00 to $90.00. On average, they anticipate Smartsheet's share price to reach $74.63 in the next twelve months. This suggests a possible upside of 43.1% 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 Datadog (DDOG), Slack Technologies (WORK), Unity Software (U), HubSpot (HUBS), Cloudflare (NET), Take-Two Interactive Software (TTWO), SS&C Technologies (SSNC), Paycom Software (PAYC), Splunk (SPLK), Coupa Software (COUP), Check Point Software Technologies (CHKP), Tyler Technologies (TYL), ZoomInfo Technologies (ZI), Nuance Communications (NUAN) and MongoDB (MDB).
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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), Square (SQ), Shopify (SHOP), The Trade Desk (TTD), 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 a price of $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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (4.48%), Champlain Investment Partners LLC (2.28%), Alliancebernstein L.P. (2.27%), TimesSquare Capital Management LLC (1.56%), JPMorgan Chase & Co. (1.38%) and Geode Capital Management LLC (1.07%). 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, 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 Champlain Investment Partners LLC, Artemis Investment Management LLP, UBS Group AG, Glynn Capital Management LLC, Comerica Bank, Barclays PLC, Clarius Group LLC, and Fulcrum Asset 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 TimesSquare Capital Management LLC, Alliancebernstein L.P., Artisan Partners Limited Partnership, JPMorgan Chase & Co., Nikko Asset Management Americas Inc., Sumitomo Mitsui Trust Holdings Inc., Neuberger Berman Group LLC, and BlackRock Inc..
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 $52.16.

Smartsheet has a market capitalization of $6.47 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 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]