How have SMAR shares performed this year?

Smartsheet's stock was trading at $47.82 at the start of the year. Since then, SMAR shares have increased by 16.2% and is now trading at $55.56. View the best growth stocks for 2024 here .

How were Smartsheet's earnings last quarter?

Smartsheet Inc (NYSE:SMAR) issued its quarterly earnings data on Thursday, September, 5th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.15. The company's quarterly revenue was up 17.3% compared to the same quarter last year.

Is Smartsheet buying back stock?

Smartsheet's board initiated a stock repurchase program on Thursday, September 5th 2024, which allows the company to repurchase $150,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 2.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.

When did Smartsheet IPO?

Smartsheet (SMAR) raised $128 million in an initial public offering on Friday, April 27th 2018. The company issued 11,600,000 shares at a price of $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.

Who are Smartsheet's major shareholders?

Top institutional investors of Smartsheet include Handelsbanken Fonder AB (0.02%), SG Americas Securities LLC and GAMMA Investing LLC. Insiders that own company stock include Mark Patrick Mader , Geoffrey T Barker , Stephen Robert Branstetter , Pete Godbole , James N White , Michael P Gregoire , Michael Arntz , Jolene Lau Marshall , Alissa Jamese Abdullah , Elena Gomez , Megan Hansen , Andrew Lee Bennett , Matthew S Mcilwain , Paul Porrini , Brent Frei , Eugene Farrell and Magdalena Yesil . View institutional ownership trends .

How do I buy shares of Smartsheet?

Shares of SMAR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

What other stocks do shareholders of Smartsheet own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Smartsheet investors own include NVIDIA (NVDA) , DocuSign (DOCU) , Twilio (TWLO) , Alibaba Group (BABA) , Okta (OKTA) , Block (SQ) and Shopify (SHOP) .

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NYSE:SMAR

Smartsheet (SMAR) Stock Price, News & Analysis

$55.56

+0.06 (+0.11%)

(As of 10/8/2024 ET)

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About Smartsheet Stock (NYSE:SMAR)

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Key Stats

Today's Range: $55.51
▼
$55.63
50-Day Range: $44.64
▼
$55.53
52-Week Range: $35.52
▼
$55.63
Volume: 2.64 million shs
Average Volume: 2.07 million shs
Market Capitalization: $7.69 billion
P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $55.82
Consensus Rating: Hold

Company Overview

Smartsheet, Inc. engages in managing and automating collaborative work. Its platform provides solutions that eliminate the obstacles to capturing information, including a familiar and intuitive spreadsheet interface as well as easily customizable forms. The company was founded by W. Eric Browne, Maria Colacurcio, John D. Creason and Brent R. Frei in June 2005 and is headquartered in Bellevue, WA.

Smartsheet Stock Analysis - MarketRank™

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71st Percentile Overall Score

SMAR MarketRank™:

Smartsheet scored higher than 71% of companies evaluated by MarketBeat, and ranked 273rd out of 669 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Consensus Rating
Smartsheet has received a consensus rating of Hold. The company's average rating score is 2.10, and is based on 3 buy ratings, 16 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Smartsheet has been the subject of 17 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about Smartsheet's stock forecast and price target.

Earnings Growth
Earnings for Smartsheet are expected to grow in the coming year, from ($0.05) to $0.09 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Smartsheet is -89.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Smartsheet is -89.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Smartsheet has a P/B Ratio of 11.50. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Read more about Smartsheet's valuation and earnings.

Percentage of Shares Shorted
1.35% of the outstanding shares of Smartsheet have been sold short.
Short Interest Ratio / Days to Cover
Smartsheet has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Smartsheet has recently increased by 8.72%, indicating that investor sentiment is decreasing significantly.

Dividend Yield
Smartsheet does not currently pay a dividend.
Dividend Growth
Smartsheet does not have a long track record of dividend growth.

Percentage of Shares Shorted
1.35% of the outstanding shares of Smartsheet have been sold short.
Short Interest Ratio / Days to Cover
Smartsheet has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Smartsheet has recently increased by 8.72%, indicating that investor sentiment is decreasing significantly.

News Sentiment
Smartsheet has a news sentiment score of 0.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.50 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 15 news articles for Smartsheet this week, compared to 9 articles on an average week.
Search Interest
Only 6 people have searched for SMAR on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.
MarketBeat Follows
9 people have added Smartsheet to their MarketBeat watchlist in the last 30 days. This is an increase of 350% compared to the previous 30 days.

Insider Buying vs. Insider Selling
In the past three months, Smartsheet insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,065,058.00 in company stock.
Percentage Held by Insiders
Only 4.52% of the stock of Smartsheet is held by insiders.
Percentage Held by Institutions
90.01% of the stock of Smartsheet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about Smartsheet's insider trading history.

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SMAR Stock News Headlines

Insider Selling: Smartsheet Inc (NYSE:SMAR) Insider Sells 3,571 Shares of Stock

October 4, 2024 | insidertrades.com

Smartsheet Inc (NYSE:SMAR) CEO Sells $1,035,600.00 in Stock

September 21, 2024 | insidertrades.com

Musk’s new company could top a trillion?

The investment legend who predicted the rise of Bitcoin, Facebook and streaming services like Netflix… Just released the details on what he’s calling Elon’s Project X-9840.

October 8, 2024 | Paradigm Press (Ad)

Smartsheet Is a Smart Buy for Traders and Investors: Here's Why

Smartsheet is an SaaS firm gaining traction with big businesses expanding their use of services. Analysts are raising targets.

September 18, 2024 | marketbeat.com

Smartsheet Inc (NYSE:SMAR) COO Stephen Robert Branstetter Sells 1,847 Shares

September 18, 2024 | insidertrades.com

Smartsheet rolls out new user experience, adds integration with Amazon Q

October 8 at 3:54 PM | msn.com

Smartsheet and AWS Team Up to Accelerate AI-Powered Decision-Making With a Connector for Amazon Q Business

October 8 at 12:07 PM | businesswire.com

Smartsheet Unveils a Revamped User Experience to Supercharge How Teams Collaborate and Scale their Work

October 8 at 12:00 PM | businesswire.com

See More Headlines

SMAR Stock Analysis - Frequently Asked Questions

: Smartsheet's stock was trading at $47.82 at the start of the year. Since then, SMAR shares have increased by 16.2% and is now trading at $55.56.
View the best growth stocks for 2024 here.
: Smartsheet Inc (NYSE:SMAR) issued its quarterly earnings data on Thursday, September, 5th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.15. The company's quarterly revenue was up 17.3% compared to the same quarter last year.
: Smartsheet's board initiated a stock repurchase program on Thursday, September 5th 2024, which allows the company to repurchase $150,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 2.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.
: Smartsheet (SMAR) raised $128 million in an initial public offering on Friday, April 27th 2018. The company issued 11,600,000 shares at a price of $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.
: Top institutional investors of Smartsheet include Handelsbanken Fonder AB (0.02%), SG Americas Securities LLC and GAMMA Investing LLC. Insiders that own company stock include Mark Patrick Mader, Geoffrey T Barker, Stephen Robert Branstetter, Pete Godbole, James N White, Michael P Gregoire, Michael Arntz, Jolene Lau Marshall, Alissa Jamese Abdullah, Elena Gomez, Megan Hansen, Andrew Lee Bennett, Matthew S Mcilwain, Paul Porrini, Brent Frei, Eugene Farrell and Magdalena Yesil.
View institutional ownership trends.
: Shares of SMAR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
: Based on aggregate information from My MarketBeat watchlists, some other companies that Smartsheet investors own include NVIDIA (NVDA), DocuSign (DOCU), Twilio (TWLO), Alibaba Group (BABA), Okta (OKTA), Block (SQ) and Shopify (SHOP).