NYSE:SMARSmartsheet Stock Price, Forecast & News

Smartsheet's stock was trading at $38.40 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SMAR shares have increased by 9.7% and is now trading at $42.12.
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16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last year. There are currently 6 hold ratings and 10 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, September 2nd 2020.
View our earnings forecast for Smartsheet.

Smartsheet will be holding an earnings conference call on Wednesday, September 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) released its quarterly earnings data on Wednesday, June, 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.19) by $0.08. The company had revenue of $85.50 million for the quarter, compared to analyst estimates of $81.40 million. Smartsheet had a negative net margin of 34.62% and a negative return on equity of 19.19%. The firm's quarterly revenue was up 52.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.12) earnings per share.
View Smartsheet's earnings history.

Smartsheet updated its FY21 earnings guidance on Wednesday, June, 3rd. The company provided earnings per share (EPS) guidance of ($0.54)-($0.45) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.56). The company issued revenue guidance of $360-$370 million, compared to the consensus revenue estimate of $371.51 million.

16 analysts have issued 1 year target prices for Smartsheet's stock. Their forecasts range from $45.00 to $67.00. On average, they expect Smartsheet's stock price to reach $53.00 in the next twelve months. This suggests a possible upside of 25.8% from the stock's current price.
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Headlines about SMAR stock have been trending negative this week, InfoTrie reports. The research firm scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Smartsheet earned a coverage optimism score of -2.4 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future.
View the latest news about Smartsheet.

Smartsheet saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 15,990,000 shares, an increase of 14.3% from the May 31st total of 13,990,000 shares. Based on an average trading volume of 2,050,000 shares, the short-interest ratio is presently 7.8 days.
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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), Paycom Software (PAYC), Citrix Systems (CTXS), SS&C Technologies (SSNC), Symantec (SYMC), Nice (NICE), NortonLifeLock (NLOK), Tyler Technologies (TYL), HubSpot (HUBS), Black Knight (BKI), Cloudflare (NET) 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), Twilio (TWLO), Okta (OKTA), Shopify (SHOP), Alibaba Group (BABA), Square (SQ), Docusign (DOCU), Trade Desk (TTD), Teladoc Health (TDOC) and Alteryx (AYX).

(SMAR) raised $128 million in an initial public offering (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 a variety of retail and institutional investors. Top institutional investors include First Trust Advisors LP (2.97%), TimesSquare Capital Management LLC (0.81%), New York State Common Retirement Fund (0.79%), FMR LLC (0.65%), Federated Hermes Inc. (0.59%) and Glynn Capital Management LLC (0.44%). 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 Goldman Sachs Group Inc., Cpwm LLC, TimesSquare Capital Management LLC, Glynn Capital Management LLC, Marshall Wace North America L.P., Clarius Group LLC, SG Americas Securities LLC, and Great Valley Advisor Group Inc.. 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 acquired by a variety of institutional investors in the last quarter, including FMR LLC, First Trust Advisors LP, New York State Common Retirement Fund, CIBC Private Wealth Group LLC, Bank of New York Mellon Corp, UBS Group AG, Swiss National Bank, and O Shares Investment Advisers LLC.
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 $42.12.

Smartsheet has a market capitalization of $5.04 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]