Smartsheet Stock Forecast, Price & 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 49.4% and is now trading at $57.38.
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13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last year. There are currently 6 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Smartsheet or view MarketBeat's top 5 stock picks.

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Smartsheet is scheduled to release its next quarterly earnings announcement on Monday, December 7th 2020.
View our earnings forecast for Smartsheet.

Smartsheet will be holding an earnings conference call on Monday, December 7th 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 results on Wednesday, September, 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.16) by $0.10. The company had revenue of $91.22 million for the quarter, compared to the consensus estimate of $86.53 million. Smartsheet had a negative net margin of 34.08% and a negative return on equity of 20.90%. The firm's quarterly revenue was up 41.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.08) EPS.
View Smartsheet's earnings history.

Smartsheet updated its FY21 earnings guidance on Wednesday, September, 2nd. The company provided earnings per share guidance of $(0.54)-(0.49) for the period, compared to the Thomson Reuters consensus estimate of ($0.50). The company issued revenue guidance of $367-373 million, compared to the consensus revenue estimate of $364.66 million.

13 brokers have issued twelve-month price targets for Smartsheet's stock. Their forecasts range from $45.00 to $68.00. On average, they anticipate Smartsheet's stock price to reach $59.64 in the next year. This suggests a possible upside of 3.9% from the stock's current price.
View analysts' price targets for Smartsheet.

Smartsheet saw a drop in short interest during the month of October. As of October 30th, there was short interest totaling 9,830,000 shares, a drop of 18.2% from the October 15th total of 12,010,000 shares. Based on an average daily volume of 1,610,000 shares, the short-interest ratio is currently 6.1 days.
View Smartsheet's Short Interest.

Some companies that are related to Smartsheet include Paycom Software (PAYC), Slack Technologies (WORK), Cloudflare (NET), Coupa Software (COUP), Take-Two Interactive Software (TTWO), ZoomInfo Technologies (ZI), HubSpot (HUBS), SS&C Technologies (SSNC), Check Point Software Technologies (CHKP), Tyler Technologies (TYL), MongoDB (MDB), Citrix Systems (CTXS), NICE (NICE), Black Knight (BKI) and Ceridian HCM (CDAY).
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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 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 investors include BlackRock Inc. (4.56%), Champlain Investment Partners LLC (3.25%), 12 West Capital Management LP (2.93%), First Trust Advisors LP (2.71%), JPMorgan Chase & Co. (1.95%) and Alkeon Capital Management LLC (1.77%). 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 Morgan Stanley, BlackRock Inc., 12 West Capital Management LP, Artemis Investment Management LLP, First Trust Advisors LP, UBS Asset Management Americas Inc., Alkeon Capital Management LLC, and Allianz Asset Management GmbH. 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 Champlain Investment Partners LLC, Glynn Capital Management LLC, Bloom Tree Partners LLC, Charles Schwab Investment Management Inc., Keenan Capital LLC, Jennison Associates LLC, Ashford Capital Management Inc., and Nikko Asset Management Americas Inc..
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 $57.38.

Smartsheet has a market capitalization of $6.92 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]