What is smartsheet net worth?

Smartsheet has a market cap or net worth of $5.78 billion as of June 14, 2024. Its market cap has increased by 6.97% in one year.

Is Smartsheet a publicly traded company?

Smartsheet Inc. is an American publicly listed company that develops and markets the Smartsheet application.

What is the annual revenue of smartsheet?

Revenue: Total revenue was $958.3 million , an increase of 25% year over year. Subscription revenue was $904.0 million, an increase of 27% year over year. Professional services revenue was $54.3 million.

Is Smartsheet a good stock to buy?

Smartsheet Inc has 20.99% upside potential, based on the analysts' average price target. Is SMAR a Buy, Sell or Hold? Smartsheet Inc has a consensus rating of Moderate Buy which is based on 11 buy ratings, 3 hold ratings and 1 sell ratings.

Is Smartsheet owned by Microsoft?

no, Smartsheet is an independent company and not a part of Microsoft .

Is Smartsheet just Excel?

Think of Smartsheet as a high-powered tool belt, not just a hammer like Excel . While Excel is great for basic tasks, Smartsheet is like having a whole set of tools that work together. It's built for teams who need to keep track of projects with lots of moving parts.

Who is the competitor of Smartsheet?

Q: Who is Smartsheet competition? Smartsheet is just one of the many project and product management tools out there, competing with the likes of Trello with its Kanban-focused approach, Asana with its goal-oriented ways, and ClickUp with its all-in-one workspace solutions.

Which company owns Smartsheets?

Smartsheet is a software as a service (SaaS) offering for collaboration and work management, developed and marketed by Smartsheet Inc. It is used to assign tasks, track project progress, manage calendars, share documents, and manage other work, using a tabular user interface.

Does NASA use Smartsheet?

Smartsheet is currently in use by teams at federal agencies including NASA , Library of Congress, National Institutes of Health, National Parks Service, and US Department of Veterans Affairs.

Why is Smartsheet so great?

Robust automation tools: Most project management tools come with basic automation features but Smartsheet outshines most of them with an incredibly comprehensive set of integrations, connectors, intelligent workflows, and automation tools .

Does Smartsheet pay well?

How much does a Smartsheet Consultant make? As of Jun 5, 2024, the average hourly pay for a Smartsheet Consultant in the United States is $66.73 an hour .

How much is Smartsheet valued at?

Valuation Measures Current 4/30/2024 Market Cap 6.01B 5.21B Enterprise Value 5.38B 4.63B Trailing P/E -- -- Forward P/E 34.48 33.78 5 more rows

How does Smartsheet make money?

The company makes the bulk of its money from subscriptions , which involves individuals or enterprise customers playing annual fees to access the service. "Subscription revenue primarily consists of fees from customers for access to our cloud-based platform.

Stephen Robert Branstetter Sells 4,174 Shares of Smartsheet Inc (NYSE:SMAR) Stock (2024)

Smartsheet Inc (NYSE:SMAR - Get Free Report) COO Stephen Robert Branstetter sold 4,174 shares of the company's stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $43.91, for a total value of $183,280.34. Following the completion of the sale, the chief operating officer now owns 68,067 shares of the company's stock, valued at $2,988,821.97. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Why Smartsheet Stock is an Undervalued Gem of an Investment

Stephen Robert Branstetter also recently made the following trade(s):

On Wednesday, March 27th, Stephen Robert Branstetter sold 5,737 shares of Smartsheet stock. The shares were sold at an average price of $38.22, for a total transaction of $219,268.14.

Smartsheet Stock Down 0.1 %

Shares of SMAR stock opened at $41.90 on Friday. The stock's 50-day moving average is $39.48 and its two-hundred day moving average is $42.40. Smartsheet Inc has a 1 year low of $35.52 and a 1 year high of $49.42.

2 Earnings Dumpers Worth a Second Look

Smartsheet (NYSE:SMAR - Get Free Report) last released its quarterly earnings results on Thursday, March 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.22) by $0.17. The firm had revenue of $256.95 million for the quarter, compared to the consensus estimate of $254.99 million. Smartsheet had a negative return on equity of 12.06% and a negative net margin of 8.35%. Research analysts forecast that Smartsheet Inc will post -0.24 earnings per share for the current year.

Institutional Investors Weigh In On Smartsheet

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A number of institutional investors and hedge funds have recently made changes to their positions in SMAR. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Smartsheet during the fourth quarter worth $33,000. Allworth Financial LP boosted its holdings in shares of Smartsheet by 2,503.4% in the fourth quarter. Allworth Financial LP now owns 755 shares of the company's stock valued at $36,000 after acquiring an additional 726 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Smartsheet during the first quarter worth about $29,000. Plato Investment Management Ltd purchased a new position in Smartsheet during the first quarter worth about $35,000. Finally, Advisors Asset Management Inc. lifted its position in Smartsheet by 24.6% in the first quarter. Advisors Asset Management Inc. now owns 1,822 shares of the company's stock valued at $70,000 after purchasing an additional 360 shares during the period. 90.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Asana sold the rip. Is it time to buy the dip?

A number of equities analysts have commented on the stock. Barclays lifted their target price on shares of Smartsheet from $40.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 6th. Oppenheimer decreased their price objective on Smartsheet from $60.00 to $55.00 and set an "outperform" rating on the stock in a report on Friday, March 15th. KeyCorp initiated coverage on Smartsheet in a research note on Thursday, March 21st. They set a "sector weight" rating for the company. Bank of America started coverage on Smartsheet in a research report on Monday, February 26th. They issued an "underperform" rating and a $45.00 target price on the stock. Finally, JPMorgan Chase & Co. dropped their price target on shares of Smartsheet from $54.00 to $50.00 and set an "overweight" rating for the company in a research report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $51.75.

Check Out Our Latest Stock Analysis on SMAR

About Smartsheet

(Get Free Report)

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.