NYSE:SMARSmartsheet Stock Price, Forecast & News

Smartsheet's stock was trading at $38.40 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SMAR stock has increased by 10.7% and is now trading at $42.50.
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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 Inc (NYSE:SMAR) released its quarterly earnings data on Wednesday, June, 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.08. The firm earned $85.50 million during the quarter, compared to the consensus estimate of $81.40 million. Smartsheet had a negative net margin of 34.62% and a negative return on equity of 19.19%. Smartsheet's revenue was up 52.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.12) EPS.
View Smartsheet's earnings history.

Smartsheet issued an update on its FY21 earnings guidance on Wednesday, June, 3rd. The company provided 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 twelve-month price targets for Smartsheet's stock. 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 24.7% from the stock's current price.
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Media coverage about SMAR stock has trended extremely negative on Sunday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Smartsheet earned a media sentiment score of -4.8 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future.
View the latest news about Smartsheet.

Some companies that are related to Smartsheet include TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Coupa Software (COUP), Check Point Software Technologies (CHKP), Citrix Systems (CTXS), Paycom Software (PAYC), SS&C Technologies (SSNC), Symantec (SYMC), Tyler Technologies (TYL), NortonLifeLock (NLOK), Nice (NICE), Cloudflare (NET), HubSpot (HUBS), Mongodb (MDB), Black Knight (BKI) and Temenos (TMNSF).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Smartsheet investors own include NVIDIA (NVDA), Alibaba Group (BABA), Twilio (TWLO), Shopify (SHOP), Trade Desk (TTD), Okta (OKTA), Netflix (NFLX), Square (SQ), Docusign (DOCU) and Mongodb (MDB).

(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 number of institutional and retail 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%), Glynn Capital Management LLC (0.44%), Swiss National Bank (0.20%) and Clarius Group LLC (0.18%). 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 TimesSquare Capital Management LLC, Glynn Capital Management LLC, Clarius Group LLC, SG Americas Securities LLC, Great Valley Advisor Group Inc., Perkins Coie Trust Co, Hodges Capital Management Inc., and Creative Planning. 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 First Trust Advisors LP, New York State Common Retirement Fund, UBS Group AG, Swiss National Bank, Vident Investment Advisory LLC, Vident Investment Advisory LLC, Granite Investment Partners LLC, and Highland Capital Management 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 $42.50.

Smartsheet has a market capitalization of $5.09 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]