Smartsheet Inc. provides cloud-based platform for execution of work. It enables teams and organizations to plan, capture, manage, automate, and report on work. The company offers Dashboards that provides real-time visibility into the status of work to align individuals, managers, and executives; Portals to easily locate and access from any device the resources available for a project without IT assistance; Cardview to organize, share, and act on workflows; and Grid to keep teams on task by easily tracking multiple moving parts. It also provides Projects, which offers interface with capabilities that foster collaboration among teams and organizations to enhance work execution; Calendar that align teams and organizations by connecting deadlines to workflows; Forms that enable business users to collect information in a structured and consistent format; Automated actions that automates repetitive processes; and Integrations that enable organizations and teams to connect, sync, and extend their existing enterprise applications across their workflows to create work execution. In addition, the company offers WorkApps to build easy to navigate apps in a few minutes; Connectors that provide embedded integrations with industry-leading systems of record; Control Center to achieve consistent work execution; Accelerators, which are pre-packaged solutions for specific and repeatable use cases; Dynamic View; Data Uploader; Bridge to build intelligent workflows and automate business processes across platforms; 10,000ft to plan and allocate resources across projects; and Brandfolder. It serves aerospace, automotive, biotechnology, consumer, e-commerce, education, finance, government, healthcare, IT services, marketing, media, non-profit, publishing, software, technology, and travel sectors. The company was formerly known as Smartsheet.com, Inc. and changed its name to Smartsheet Inc. in February 2017. Smartsheet Inc. was founded in 2005 and is based in Bellevue, Washington.
IPO Year: 2018
Exchange: NYSE
Website: smartsheet.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/11/2024 | Buy → Neutral | Guggenheim | |
| 9/6/2024 | $48.00 → $59.00 | Outperform | BMO Capital Markets |
| 3/21/2024 | Sector Weight | KeyBanc Capital Markets | |
| 3/11/2024 | $52.00 → $48.00 | Outperform | BMO Capital Markets |
| 2/26/2024 | $45.00 | Underperform | BofA Securities |
| 1/11/2024 | $56.00 → $63.00 | Neutral → Buy | Citigroup |
| 12/20/2023 | $65.00 | Buy | DA Davidson |
| 12/8/2023 | $50.00 → $52.00 | Outperform | BMO Capital Markets |
| 10/12/2023 | $60.00 | Buy | UBS |
| 12/15/2022 | $45.00 | Equal Weight | Barclays |
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Smartsheet Inc. (NYSE:SMAR), the enterprise work management platform, today announced that it will release its financial results for its third quarter of fiscal year 2025, which ended October 31, 2024, after the close of U.S. financial markets on December 5, 2024. The earnings release will be available on the Smartsheet investor relations website: https://investors.smartsheet.com. In light of the definitive agreement to be acquired by Blackstone and Vista Equity Partners previously announced on September 24, 2024, Smartsheet Inc. will not host an earnings conference call or live webcast to discuss its third quarter of fiscal year 2025 financial results. About Smartsheet Smartsheet is
MONSEY, N.Y., Nov. 06, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP has renewed its investigation into the fairness of the proposed sale of Smartsheet, Inc. (NYSE:SMAR) ("Smartsheet") to Blackstone and Vista Equity Partners for $56.50 per share in cash. On September 24, 2024, Smartsheet announced that it had agreed to be sold to Blackstone and Vista Equity Partners for $56.50 per share in cash. On November 4, 2024, Smartsheet filed a definitive proxy concerning the proposed sale with the SEC. Based on our review of the proxy, we have renewed our investigation into whether there are any undisclosed potential conflicts of interest. If you remain a Smartsheet shareholder a
New Smartsheet connector for Amazon Q Business unlocks work management data insights for Smartsheet and AWS customers Today at its annual ENGAGE customer conference, Smartsheet (NYSE:SMAR), the enterprise work management platform, announced it is partnering with AWS to launch a new connector that synchronizes data from Smartsheet into Amazon Q Business, a generative AI-powered assistant that can answer questions, provide summaries, generate content, and securely complete tasks based on data and information in customers' enterprise systems. The connector will enable Amazon Q Business customers to query their intelligent assistant for information about their projects, programs, and processes
Smartsheet continues to build on its next-generation platform, featuring new ways to share work, better file organization, and boosted data visualization, all with an intuitive and cohesive user experience Today, at its sold-out annual ENGAGE customer conference, Smartsheet (NYSE:SMAR), the enterprise work management platform, unveiled the most comprehensive transformation of its offerings to date, debuting a new user experience and a range of first-of-a-kind features to empower organizations to operate at peak, regardless of users' tech savvy. The new features build on last year's debut of several AI-driven, next-generation capabilities and are another milestone in Smartsheet's continuous
Smartsheet Shareholders to Receive $56.50 Per Share in Cash Purchase Price Represents a 41% Premium to the 90-Day VWAP of the Unaffected Share Price Smartsheet (NYSE:SMAR) ("Smartsheet" or the "Company"), the enterprise platform for modern work management, today announced that it has entered into a definitive agreement to be acquired by funds managed by Blackstone and Vista Equity Partners (the "Buyers") in an all-cash transaction valued at approximately $8.4 billion. Under the terms of the agreement, the Buyers would acquire all the outstanding shares held by Smartsheet shareholders for $56.50 per share in cash upon the closing of the proposed transaction. This price represents a premiu
Second quarter total revenue grew 17% year over year to $276.4 million Annualized recurring revenue grew 17% year over year to $1.093 billion Second quarter operating cash flow of $59.1 million and record free cash flow of $57.2 million Ended the quarter with cash, cash equivalents, and short-term investments of $706.6 million Smartsheet Inc. (NYSE:SMAR), the enterprise work management platform, today announced financial results for its second fiscal quarter ended July 31, 2024. "Q2 was a strong quarter highlighted by continued growth in the enterprise," said Mark Mader, CEO of Smartsheet. "Our customers are scaling their work on Smartsheet, with over 70 customers expanding t
Smartsheet Inc. (NYSE:SMAR), the enterprise work management platform, today announced that it will release its financial results for its second quarter of fiscal year 2025, which ended July 31, 2024, after the close of U.S. financial markets on September 5, 2024. Smartsheet executives will host a conference call and webcast that day at 4:30 p.m. ET (1:30 p.m. PT) to discuss the results. The dial-in number to access the call will be (888) 440-6385 or (646) 960-0180 (outside of the U.S.). The conference ID is 7672979. The webcast will be open to listeners through the events section of the Smartsheet investor relations website: https://investors.smartsheet.com. A replay of the conference cal
New integration deepens the Partnership between Smartsheet and AWS by using the power of Amazon Q, a generative AI assistant, to boost productivity and securely tap into organizational knowledge Smartsheet (NYSE:SMAR), the enterprise work management platform, today shared that it has implemented Amazon Q Business, a new generative AI-powered assistant, to streamline knowledge management and accelerate employee productivity in the cloud. Smartsheet is using the technology to consolidate its organizational knowledge into a single AI engine that gives its workforce immediate answers through natural language queries. This press release features multimedia. View the full release here: https:/
First quarter total revenue grew 20% year over year to $263.0 million Annualized recurring revenue grew 19% year over year to $1.056 billion First quarter operating cash flow of $50.1 million and free cash flow of $45.7 million, up 47% year over year Ended the quarter with cash, cash equivalents, and short-term investments of $669.5 million Announced inaugural $150 million share repurchase program Smartsheet Inc. (NYSE:SMAR), the enterprise work management platform, today announced financial results for its first fiscal quarter ended April 30, 2024. "We delivered a strong finish to Q1, making steady progress throughout the quarter," said Mark Mader, CEO of Smartsheet.
New AI tools and resource management features now generally available, enabling teams to remove complexity and uncover actionable insights from their data Smartsheet (NYSE:SMAR), the enterprise work management platform, announced today the general availability of new AI and resource management features that offer actionable analysis, insights, and enhanced visibility for enterprises. These new features are integrated into the Smartsheet platform, enabling enterprises to make smart decisions based on their data. The features are being introduced at the inaugural Smartsheet ENGAGE London customer conference. This press release features multimedia. View the full release here: https://www.bu
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Guggenheim downgraded Smartsheet from Buy to Neutral
BMO Capital Markets reiterated coverage of Smartsheet with a rating of Outperform and set a new price target of $59.00 from $48.00 previously
KeyBanc Capital Markets initiated coverage of Smartsheet with a rating of Sector Weight
BMO Capital Markets reiterated coverage of Smartsheet with a rating of Outperform and set a new price target of $48.00 from $52.00 previously
BofA Securities initiated coverage of Smartsheet with a rating of Underperform and set a new price target of $45.00
Citigroup upgraded Smartsheet from Neutral to Buy and set a new price target of $63.00 from $56.00 previously
DA Davidson resumed coverage of Smartsheet with a rating of Buy and set a new price target of $65.00
BMO Capital Markets reiterated coverage of Smartsheet with a rating of Outperform and set a new price target of $52.00 from $50.00 previously
UBS initiated coverage of Smartsheet with a rating of Buy and set a new price target of $60.00
Barclays initiated coverage of Smartsheet with a rating of Equal Weight and set a new price target of $45.00
Smartsheet Inc. (NYSE:SMAR), the enterprise work management platform, today announced that it will release its financial results for its third quarter of fiscal year 2025, which ended October 31, 2024, after the close of U.S. financial markets on December 5, 2024. The earnings release will be available on the Smartsheet investor relations website: https://investors.smartsheet.com. In light of the definitive agreement to be acquired by Blackstone and Vista Equity Partners previously announced on September 24, 2024, Smartsheet Inc. will not host an earnings conference call or live webcast to discuss its third quarter of fiscal year 2025 financial results. About Smartsheet Smartsheet is
Second quarter total revenue grew 17% year over year to $276.4 million Annualized recurring revenue grew 17% year over year to $1.093 billion Second quarter operating cash flow of $59.1 million and record free cash flow of $57.2 million Ended the quarter with cash, cash equivalents, and short-term investments of $706.6 million Smartsheet Inc. (NYSE:SMAR), the enterprise work management platform, today announced financial results for its second fiscal quarter ended July 31, 2024. "Q2 was a strong quarter highlighted by continued growth in the enterprise," said Mark Mader, CEO of Smartsheet. "Our customers are scaling their work on Smartsheet, with over 70 customers expanding t
Smartsheet Inc. (NYSE:SMAR), the enterprise work management platform, today announced that it will release its financial results for its second quarter of fiscal year 2025, which ended July 31, 2024, after the close of U.S. financial markets on September 5, 2024. Smartsheet executives will host a conference call and webcast that day at 4:30 p.m. ET (1:30 p.m. PT) to discuss the results. The dial-in number to access the call will be (888) 440-6385 or (646) 960-0180 (outside of the U.S.). The conference ID is 7672979. The webcast will be open to listeners through the events section of the Smartsheet investor relations website: https://investors.smartsheet.com. A replay of the conference cal
First quarter total revenue grew 20% year over year to $263.0 million Annualized recurring revenue grew 19% year over year to $1.056 billion First quarter operating cash flow of $50.1 million and free cash flow of $45.7 million, up 47% year over year Ended the quarter with cash, cash equivalents, and short-term investments of $669.5 million Announced inaugural $150 million share repurchase program Smartsheet Inc. (NYSE:SMAR), the enterprise work management platform, today announced financial results for its first fiscal quarter ended April 30, 2024. "We delivered a strong finish to Q1, making steady progress throughout the quarter," said Mark Mader, CEO of Smartsheet.
Smartsheet Inc. (NYSE:SMAR), the enterprise work management platform, today announced that it will release its financial results for its first quarter of fiscal year 2025, which ended April 30, 2024, after the close of U.S. financial markets on June 5, 2024. Smartsheet executives will host a conference call and webcast that day at 4:30 p.m. ET (1:30 p.m. PT) to discuss the results. The dial-in number to access the call will be (888) 440-6385 or (646) 960-0180 (outside of the U.S.). The conference ID is 7672979. The webcast will be open to listeners through the events section of the Smartsheet investor relations website: https://investors.smartsheet.com. A replay of the conference call wil
Surpassed $1 billion in annualized recurring revenue in the fourth quarter Fourth quarter total revenue grew 21% year over year to $256.9 million Fourth quarter operating cash flow of $59.7 million and free cash flow of $56.3 million Ended the year with cash, cash equivalents, and short-term investments of $628.8 million Smartsheet (NYSE:SMAR), the enterprise work management platform, today announced financial results for its fourth fiscal quarter and fiscal year ended January 31, 2024. "Strong demand from our enterprise customers helped us achieve the major milestone of $1 billion in annualized recurring revenue in Q4," said Mark Mader, CEO of Smartsheet. "Looking forward, w
Smartsheet Inc. (NYSE:SMAR), the enterprise work management platform, today announced that it will release its financial results for its fourth quarter and full fiscal year 2024, which ended January 31, 2024, after the close of U.S. financial markets on March 14, 2024. Smartsheet executives will host a conference call and webcast that day at 4:30 p.m. ET (1:30 p.m. PT) to discuss the results. The dial-in number to access the call will be (888) 440-6385 or (646) 960-0180 (outside of the U.S.). The conference ID is 7672979. The webcast will be open to listeners through the events section of the Smartsheet investor relations website: https://investors.smartsheet.com. A replay of the conferen
Third quarter total revenue grew 23% year over year to $245.9 million Third quarter operating cash flow of $15.1 million and free cash flow of $11.4 million Ended the quarter with cash, cash equivalents, and short-term investments of $568.7 million Smartsheet Inc. (NYSE:SMAR), the enterprise platform for modern work management, today announced financial results for its third fiscal quarter ended October 31, 2023. "We exceeded expectations on the top and bottom lines this quarter," said Mark Mader, CEO of Smartsheet. "Our enterprise customers are operating more durable, more mission-critical solutions on the Smartsheet platform than ever before. We remain focused on bringing
Smartsheet Inc. (NYSE:SMAR), the enterprise work management platform, today announced that it will release its financial results for its third quarter of fiscal year 2024, which ended October 31, 2023, after the close of U.S. financial markets on December 7, 2023. Smartsheet executives will host a conference call and webcast that day at 4:30 p.m. ET (1:30 p.m. PT) to discuss the results. The dial-in number to access the call will be (888) 440-6385 or (646) 960-0180 (outside of the U.S.). The conference ID is 7672979. The webcast will be open to listeners through the events section of the Smartsheet investor relations website: https://investors.smartsheet.com. A replay of the conference ca
Second quarter total revenue grew 26% year over year to $235.6 million Second quarter operating cash flow of $48.5 million and free cash flow of $45.5 million Ended the quarter with cash, cash equivalents, and short-term investments of $549.0 million Smartsheet Inc. (NYSE:SMAR), the enterprise platform for modern work management, today announced financial results for its second fiscal quarter ended July 31, 2023. "Smartsheet outperformed across all aspects of our guidance in Q2," said Mark Mader, CEO of Smartsheet. "Our platform's scalability continues to drive strong demand from enterprises looking for solutions to manage their mission-critical work securely and consistently.
Deal joins the senior leadership team as an experienced people leader to support the growth and development of the company's global workforce Smartsheet (NYSE:SMAR), the enterprise work management platform, today announced the appointment of Jo Deal as Chief People Officer. Deal will be responsible for leading the company's people & culture team and evolving its people strategies to support the company in its post–$1 billion annualized recurring revenue growth phase. "We're pleased to welcome Jo to Smartsheet. Her experience scaling global teams to drive business results will be invaluable in our next phase of growth," said Mark Mader, CEO of Smartsheet. "I'm confident that Jo's leaders
Experienced global CFO adds depth in financial strategy and operating excellence to Smartsheet board Smartsheet Inc. (NYSE:SMAR), the enterprise work management platform, today announced the appointment of Katie Rooney to its board of directors. Rooney, Global Chief Financial Officer and Chief Operating Officer at Alight with over 22 years' experience in finance and capital markets, brings a depth and breadth of operating experience and excellence to Smartsheet. "Katie combines deep financial expertise with diverse industry and sector knowledge," said Mark Mader, CEO of Smartsheet. "Her experience in corporate strategy and market positioning will serve us well as we expand our enterpris
Twilio President brings deep expertise in multi-faceted and multi-product global businesses to Smartsheet board Smartsheet, the enterprise platform for modern work management, today announced the appointment of Khozema Shipchandler to its board of directors. He will also serve on the board's Audit Committee. Shipchandler, President, Communications at Twilio Inc. and a 22-year veteran of General Electric, brings a depth and breadth of experience to Smartsheet, with a focus on growing and scaling global digital businesses and communities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230626467039/en/Khozema Shipchandler (Photo:
Atlanta, GA, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Flock Safety, the first public safety operating system aiming to eliminate crime within an ethical framework, today announces the addition of Jennifer Ceran, who previously served as Chief Financial Officer of Smartsheet (NYSE:SMAR) and Quotient Technologies (NYSE:QUOT). Ceran will serve as independent Board Director and Audit Chair at Flock Safety, partnering with newly-installed CFO James LaCamp. In addition to her position on the Flock Safety Board, Ceran currently serves on several public and private boards including NerdWallet, Riskified, Wyze and Klaviyo. In addition to her experience as CFO of two public technology companies, she has
Former CFO brings deep expertise in growing and scaling businesses to Smartsheet team Smartsheet, the enterprise platform for dynamic work, today announced the appointment of Dennis Durkin to its board of directors. He will also serve on the board's Audit Committee. Durkin, former Chief Financial Officer of Activision Blizzard and Chief Operating and Financial Officer of Microsoft's Interactive Entertainment Business, brings a depth and breadth of experience to Smartsheet, with a focus on growing and scaling global digital businesses and communities. "Dennis combines deep financial expertise with a proven ability to scale enterprises," said Mark Mader, President and CEO of Smartsheet. "Hi
BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet (NYSE: SMAR), the enterprise platform for dynamic work, today announced that Alissa Abdullah has been appointed to its Board of Directors. “We are pleased to welcome Alissa Abdullah to the Smartsheet board - her breadth of knowledge across enterprise IT and the public and private sectors will bring a valuable viewpoint to the table,” said Mark Mader, President and CEO of Smartsheet. “Alissa’s technical skill set and leadership experience within the cybersecurity industry support Smartsheet’s strategy in delivering an enterprise platform for dynamic work.” Abdullah is an award-winning senior information technology and cybersecurity lea
BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet (NYSE:SMAR), the enterprise platform for dynamic work, today announced Pete Godbole has joined the company as Chief Financial Officer. “Pete is an enterprise software industry veteran whose success architecting business and financial models will help drive our next phase of growth,” said Mark Mader, Chief Executive Officer at Smartsheet. “At a time when Collaborative Work Management platforms are gaining enterprise adoption in support of digital-first and transformation strategies, I look forward to working with Pete to firmly position Smartsheet as the leader in this large and growing market.” Godbole joins Smartsheet from Hearsay, w
- Reuters Citing Sources
New integration deepens the Partnership between Smartsheet and AWS by using the power of Amazon Q, a generative AI assistant, to boost productivity and securely tap into organizational knowledge
In the last three months, 9 analysts have published ratings on Smartsheet (NYSE:SMAR), offering a diverse range of perspectives from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 3 2 0 0 Last 30D 1 0 0 0 0 1M Ago 3 3 2 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Smartsheet, presenting an average target of $51.11, a high estimate of $57.00, and a low estimate of $43.00. Surpassing the previous a
Guggenheim analyst John Difucci reiterates Smartsheet (NYSE:SMAR) with a Buy and maintains $56 price target.
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Wall Street experienced a relatively quiet day on Thursday, with major indices trading within tight ranges as investors remain cautious ahead of the highly anticipated May jobs report, set for release Friday. After driving the broader stock market to record highs on Wednesday, chipmakers saw a slight pullback. Nvidia Corp. (NASDAQ:NVDA) dipped 3% as of 1 p.m. in New York. In regulatory news, the U.S. Justice Department and the Federal Trade Commission have agreed to proceed with antitrust investigations into the dominant roles of Microsoft Corp. (NYSE:MSFT), OpenAI and Nvidia in the artificial intelligence industry, as reported by Reuters. On the macroeconomic front, initial jobless
Wells Fargo analyst Michael Turrin maintains Smartsheet (NYSE:SMAR) with a Overweight and raises the price target from $47 to $50.
UBS analyst Taylor McGinnis maintains Smartsheet (NYSE:SMAR) with a Buy and raises the price target from $54 to $56.
Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) fell sharply during Thursday's session after the company reported worse-than-expected quarterly sales results. G-III Apparel Group posted adjusted earnings of 13 cents per share, according to data from Benzinga Pro. The company's quarterly sales came in at $609.747 million, missing market estimates of $616.286 million. G-III Apparel Group shares dipped 13.4% to $27.12 on Thursday. Here are some other stocks moving in today’s mid-day session. Gainers Virax Biolabs Group Limited (NASDAQ:VRAX) shares jumped 139.4% to $2.5390. American Oncology Network, Inc. (NASDAQ:AONC) gained 102% to $4.52. American Oncology Network expanded