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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Pressure increasing for marketing and creative professionals to show ROI; tools like AI and project management platforms increase agility and help demonstrate value Today, Smartsheet, the AI-enhanced enterprise-grade work management platform, announced the release of its 2025 Pulse of Marketing Report. This comprehensive study aggregates insights from more than 1,200 marketing and creative professionals across the United States, and crystalizes the increasing need for marketing teams to show measurable business impact and the critical role of technology in showcasing value. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250123
Smartsheet, the AI enhanced enterprise grade work management platform, today announced the completion of its acquisition by funds managed by Blackstone ("Blackstone") and Vista Equity Partners ("Vista") in a transaction valued at approximately $8.4 billion. The transaction was previously announced on September 24, 2024, and approved by Smartsheet stockholders on December 9, 2024. With the completion of the take private transaction, Smartsheet stockholders are entitled to receive $56.50 in cash for each share of Smartsheet common stock they owned immediately prior to the closing. Smartsheet's stock has ceased trading, and the company is no longer listed on the New York Stock Exchange. "W
With more than 20 years of experience, Schoenleitner will redefine Smartsheet's partner business in next wave of growth and innovation Smartsheet, the AI-enhanced enterprise-grade work management platform, announced today that Eva Schoenleitner has joined the company as Vice President of Partner. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250114805118/en/Eva Schoenleitner, Vice President, Partner (Photo: Business Wire) An accomplished senior executive with more than 20 years of experience, Schoenleitner brings to Smartsheet exceptional expertise in the global technology industry and creating mutually valuable partnerships.
Hahn brings more than 20 years of experience in integrated communications strategy and reputation management to Smartsheet during exciting new phase of growth Smartsheet (NYSE:SMAR), the AI-enhanced enterprise-grade work management platform, today announced Jim Hahn has joined the company as Vice President of Corporate Communications. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250109010534/en/Jim Hahn, Vice President of Corporate Communications, Smartsheet (Photo: Business Wire) Hahn is a high-performing and seasoned leader with more than two decades of experience leading integrated communications strategies for enterprise
New data from Smartsheet shows that high frequencies of internal and external disruptions are negatively impacting business outcomes 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 limited access to critical data—to the detriment of business outcomes. This press release features
Smartsheet Shareholders Approve Acquisition by Blackstone and Vista Equity Partners 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 also voted in favor of the executive compensation plan related to the acquisition, further validating their support for the Company's leadership and
Entered into a definitive agreement to be acquired by Blackstone and Vista Equity Partners Third quarter total revenue grew 17% year over year to $286.9 million Annualized recurring revenue grew 15% year over year to $1.133 billion Third quarter operating cash flow of $63.5 million and free cash flow of $61.8 million Ended the quarter with cash, cash equivalents, and short-term investments of $760.9 million Smartsheet Inc. (NYSE:SMAR), the AI enhanced enterprise grade work management platform, today announced financial results for its third fiscal quarter ended October 31, 2024. Third Quarter Fiscal 2025 Financial Highlights Revenue: Total revenue was $286.9 million, an
Smartsheet is positioned with the highest Ability to Execute for a second consecutive year 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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241205236101/en/Smartsheet Named a Leader for Second Consecutive Year in 2024 Gartner® Magic Quadr
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
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
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With more than 20 years of experience, Schoenleitner will redefine Smartsheet's partner business in next wave of growth and innovation Smartsheet, the AI-enhanced enterprise-grade work management platform, announced today that Eva Schoenleitner has joined the company as Vice President of Partner. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250114805118/en/Eva Schoenleitner, Vice President, Partner (Photo: Business Wire) An accomplished senior executive with more than 20 years of experience, Schoenleitner brings to Smartsheet exceptional expertise in the global technology industry and creating mutually valuable partnerships.
Hahn brings more than 20 years of experience in integrated communications strategy and reputation management to Smartsheet during exciting new phase of growth Smartsheet (NYSE:SMAR), the AI-enhanced enterprise-grade work management platform, today announced Jim Hahn has joined the company as Vice President of Corporate Communications. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250109010534/en/Jim Hahn, Vice President of Corporate Communications, Smartsheet (Photo: Business Wire) Hahn is a high-performing and seasoned leader with more than two decades of experience leading integrated communications strategies for enterprise
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
Entered into a definitive agreement to be acquired by Blackstone and Vista Equity Partners Third quarter total revenue grew 17% year over year to $286.9 million Annualized recurring revenue grew 15% year over year to $1.133 billion Third quarter operating cash flow of $63.5 million and free cash flow of $61.8 million Ended the quarter with cash, cash equivalents, and short-term investments of $760.9 million Smartsheet Inc. (NYSE:SMAR), the AI enhanced enterprise grade work management platform, today announced financial results for its third fiscal quarter ended October 31, 2024. Third Quarter Fiscal 2025 Financial Highlights Revenue: Total revenue was $286.9 million, an
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