SmartsheetSMAR
SMAR
About: Smartsheet is a provider of collaborative work management software delivered via a cloud-based, software-as-a-service model. The firm's solution offers scalable, dynamic tools to improve the efficiency of project and process management across countless use cases. Smartsheet's offering supports workflow management across teams, provides real-time visibility into projects, and reporting and automation capabilities. The firm generates revenue via software subscriptions on a per-user basis, and incremental charges for added platform capabilities.
Employees: 3,341
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 11 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
79% more funds holding in top 10
Funds holding in top 10: 14 [Q2] → 25 (+11) [Q3]
23% more capital invested
Capital invested by funds: $5.54B [Q2] → $6.79B (+$1.25B) [Q3]
11% more first-time investments, than exits
New positions opened: 108 | Existing positions closed: 97
3% more funds holding
Funds holding: 392 [Q2] → 403 (+11) [Q3]
2% more repeat investments, than reductions
Existing positions increased: 128 | Existing positions reduced: 125
1% more call options, than puts
Call options by funds: $144M | Put options by funds: $142M
2.58% less ownership
Funds ownership: 90.9% [Q2] → 88.33% (-2.58%) [Q3]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$57
1%
upside
Avg. target
$57
1%
upside
High target
$57
2%
upside
11 analyst ratings
0 positive
0%
11 neutral
100%
0 negative
0%
RBC Capital Rishi Jaluria 56% 1-year accuracy 43 / 77 met price target | 1%upside $57 | Sector Perform Reiterated | 24 Oct 2024 |
Citigroup Steven Enders 87% 1-year accuracy 20 / 23 met price target | 1%upside $57 | Neutral Downgraded | 27 Sept 2024 |
UBS Taylor McGinnis 75% 1-year accuracy 9 / 12 met price target | 1%upside $57 | Neutral Downgraded | 26 Sept 2024 |
Barclays Ryan Macwilliams 55% 1-year accuracy 11 / 20 met price target | 1%upside $57 | Equal-Weight Maintained | 25 Sept 2024 |
BMO Capital Keith Bachman 80% 1-year accuracy 47 / 59 met price target | 1%upside $57 | Market Perform Downgraded | 25 Sept 2024 |
Financial journalist opinion
Based on 11 articles about SMAR published over the past 30 days
Positive
Zacks Investment Research
5 days ago
EGHT vs. SMAR: Which Stock Is the Better Value Option?
Investors with an interest in Internet - Software stocks have likely encountered both 8x8 (EGHT) and Smartsheet (SMAR). But which of these two stocks presents investors with the better value opportunity right now?
Neutral
Business Wire
1 week ago
Smartsheet 2025 Project and Portfolio Management Priorities Report: Teams are Fatigued, and Executives Need to Pay Attention
BELLEVUE, Wash.--(BUSINESS WIRE)--Today, Smartsheet (NYSE:SMAR), the AI enhanced enterprise grade work management platform, released new research on the effects of workplace changes on project and portfolio management (PPM) professionals in the 2025 Project and Portfolio Management Priorities Report. The highly-anticipated data report reveals that 92% of PPM professionals struggle to adapt to workplace changes, such as frequent shifts in priorities, gaps in communication and collaboration, and.
Neutral
Business Wire
1 week ago
Smartsheet Announces Results of 2024 Special Shareholders' Meeting
BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet (NYSE:SMAR) (“Smartsheet” or the “Company”), the AI enhanced enterprise grade work management platform, today announced that Smartsheet shareholders overwhelmingly approved the Merger Proposal for the Company's proposed acquisition by funds managed by Blackstone and Vista Equity Partners. This approval satisfies the shareholder vote condition for the consummation of the acquisition, originally announced in September 2024. In addition, shareholders al.
Positive
The Motley Fool
2 weeks ago
Smartsheet: EPS Surpasses Expectations
Smartsheet (SMAR -0.08%), a leader in collaborative work management software, released earnings for its fiscal 2025's third quarter on Dec. 5. Notably, the company also agreed to be acquired during the quarter.
Neutral
Zacks Investment Research
2 weeks ago
Smartsheet (SMAR) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Smartsheet (SMAR) give a sense of how the business performed in the quarter ended October 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
2 weeks ago
Smartsheet (SMAR) Surpasses Q3 Earnings and Revenue Estimates
Smartsheet (SMAR) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.16 per share a year ago.
Positive
GeekWire
2 weeks ago
Smartsheet revenue up 17% to $286.9M in Q3 as enterprise giant preps to go private
Smartsheet reported its third quarter earnings, with revenue rising 17% to $286.
Neutral
Business Wire
2 weeks ago
Smartsheet Inc. Announces Third Quarter Fiscal Year 2025 Results
BELLEVUE, Wash.--(BUSINESS WIRE)---- $SMAR #earnings--Smartsheet Inc. Announces Third Quarter Fiscal Year 2025 Results.
Neutral
Business Wire
2 weeks ago
Smartsheet Named a Leader for Second Consecutive Year in 2024 Gartner® Magic Quadrant™ for Collaborative Work Management
BELLEVUE, Wash.--(BUSINESS WIRE)-- #CWM--Smartsheet, the AI enhanced enterprise grade work management platform, today announced it was named a Leader in the 2024 Gartner Magic Quadrant for Collaborative Work Management (CWM). For the second year, Smartsheet placed the highest in Ability to Execute of all vendors. The evaluation as a Leader was based on criteria that examined the company's Completeness of Vision and Ability to Execute. According to the report, “the CWM market is growing rapidly at an e.
Neutral
Business Wire
2 weeks ago
Proposed Buyout Undervalues Smartsheet; Alamar Capital Urges Vote Against Merger
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Alamar Capital is a long-term shareholder of Smartsheet (SMAR). We are experienced investors in software companies and have a history of our investments being acquired by private equity firms at large premiums. After careful and extensive analysis, we urge fellow Smartsheet Inc. stockholders to vote against the recently proposed $8.4 billion acquisition by private equity firms, Vista Equity Partners and Blackstone, due to an undervalued offer that fails t.
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