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 (WHO). Since then, SMAR shares have increased by 12.6% and is now trading at $43.24.
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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) issued its earnings results on Wednesday, June, 3rd. The company reported ($0.11) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.19) by $0.08. The firm had revenue of $85.50 million for the quarter, compared to analysts' expectations 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 revenue for the quarter was up 52.1% compared to the same quarter last year. During the same period last year, the business posted ($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 guidance of ($0.54)-($0.45) for the period, compared to the Thomson Reuters consensus estimate of ($0.56). The company issued revenue guidance of $360-$370 million, compared to the consensus revenue estimate of $371.51 million.

16 Wall Street analysts have issued 12 month target prices for Smartsheet's shares. Their forecasts range from $45.00 to $67.00. On average, they anticipate Smartsheet's share price to reach $53.00 in the next year. This suggests a possible upside of 22.6% from the stock's current price.
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News stories about SMAR stock have trended neutral this week, InfoTrie reports. The research firm scores the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Smartsheet earned a daily sentiment score of 0.0 on InfoTrie's scale. They also gave headlines about the company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days.
View the latest news about Smartsheet.

Smartsheet saw a increase in short interest during 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 daily volume of 2,050,000 shares, the days-to-cover ratio is currently 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 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 variety of institutional and retail investors. Top institutional shareholders 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, Cpwm LLC, Advisor Group Holdings Inc., TimesSquare Capital Management LLC, and Bank of America Corp DE. 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 bought 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 $43.24.

Smartsheet has a market capitalization of $5.18 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]