Smartsheet Stock Forecast, Price & News

12 Wall Street equities research 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 equities research analysts is that investors should "buy" Smartsheet stock.
View analyst ratings for Smartsheet or view top-rated stocks.

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 is scheduled to release its next quarterly earnings announcement on Wednesday, September 1st 2021.
View our earnings forecast for Smartsheet.

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

Smartsheet's stock was trading at $38.40 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SMAR stock has increased by 85.7% and is now trading at $71.29.
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Smartsheet updated its second quarter 2022 earnings guidance on Tuesday, June, 29th. The company provided earnings per share guidance of $-0.140-$-0.130 for the period, compared to the Thomson Reuters consensus earnings per share 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 brokerages have issued 12-month price objectives for Smartsheet's shares. Their forecasts range from $65.00 to $90.00. On average, they expect Smartsheet's stock price to reach $77.36 in the next twelve months. This suggests a possible upside of 8.5% from the stock's current price.
View analysts' price targets for Smartsheet or view top-rated stocks among Wall Street analysts.

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), ANSYS (ANSS), Okta (OKTA), UiPath (PATH), Unity Software (U), HubSpot (HUBS), Slack Technologies (WORK), Paycom Software (PAYC), Splunk (SPLK), MongoDB (MDB), ZoomInfo Technologies (ZI), Qualtrics International (XM), Tyler Technologies (TYL), SS&C Technologies (SSNC) and Bill.com (BILL).
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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 $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 a number of retail and institutional investors. Top institutional shareholders include Alliancebernstein L.P. (2.43%), New York State Common Retirement Fund (0.95%), Glynn Capital Management LLC (0.72%), Victory Capital Management Inc. (0.03%), Handelsbanken Fonder AB (0.02%) and Advisor Group Holdings Inc. (0.02%). Company insiders that own Smartsheet stock include Anna Griffin, Brendan Walsh, Brent Frei, Elena Gomez, Eugene Farrell, Geoffrey T Barker, Jennifer Ceran, Joseph M Jr Manko, Kara Hamilton, Magdalena Yesil, Mark Patrick Mader, Matthew S Mcilwain, Megan Hansen, Michael Arntz, Paul Porrini and Pete Godbole.
View institutional ownership trends for Smartsheet.

SMAR stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Zurcher Kantonalbank Zurich Cantonalbank , and Perkins Coie Trust Co. Company insiders that have sold Smartsheet company stock in the last year include Anna Griffin, Brendan Walsh, Brent Frei, Elena Gomez, Eugene Farrell, Geoffrey T Barker, Jennifer Ceran, Joseph M Jr Manko, Kara Hamilton, Magdalena Yesil, Mark Patrick Mader, Megan Hansen, Michael Arntz, Paul Porrini, and Pete Godbole.
View insider buying and selling activity for Smartsheet or view top insider-selling stocks.

SMAR stock was acquired by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., New York State Common Retirement Fund, Glynn Capital Management LLC, Advisor Group Holdings Inc., Malaga Cove Capital LLC, Highland Private Wealth Management, Capital Investment Counsel Inc, and Evolution Wealth Advisors LLC.
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]