Q4 Earnings Forecast for Smartsheet Issued By DA Davidson

Smartsheet Inc (NYSE:SMAR - Free Report) - Research analysts at DA Davidson issued their Q4 2025 earnings per share estimates for shares of Smartsheet in a report released on Friday, December 6th. DA Davidson analyst G. Luria anticipates that the company will post earnings per share of ($0.06) for the quarter. DA Davidson currently has a "Neutral" rating and a $56.50 target price on the stock. The consensus estimate for Smartsheet's current full-year earnings is ($0.05) per share.

A number of other brokerages also recently issued reports on SMAR. Wolfe Research reissued a "peer perform" rating on shares of Smartsheet in a research report on Wednesday, September 25th. Canaccord Genuity Group lowered Smartsheet from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 25th. Barclays raised their price objective on Smartsheet from $50.00 to $56.50 and gave the stock an "equal weight" rating in a research note on Wednesday, September 25th. Truist Financial reiterated a "hold" rating and set a $56.50 price objective (down from $60.00) on shares of Smartsheet in a research note on Wednesday, September 25th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $56.50 target price on shares of Smartsheet in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Smartsheet presently has a consensus rating of "Hold" and an average price target of $55.82.

Smartsheet Trading Up 0.0 %

NYSE SMAR traded up $0.02 during trading hours on Monday, hitting $56.09. 2,128,093 shares of the company's stock traded hands, compared to its average volume of 2,200,624. Smartsheet has a 52 week low of $35.52 and a 52 week high of $56.55. The firm has a market capitalization of $7.79 billion, a P/E ratio of -934.33 and a beta of 0.71. The business's fifty day moving average price is $55.93 and its two-hundred day moving average price is $49.63.

Smartsheet (NYSE:SMAR - Get Free Report) last released its quarterly earnings results on Thursday, September 5th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.15. The business had revenue of $276.41 million during the quarter, compared to the consensus estimate of $274.23 million. Smartsheet had a positive return on equity of 2.33% and a negative net margin of 0.80%. The business's quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.23) EPS.

Smartsheet declared that its board has approved a share repurchase plan on Thursday, September 5th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling at Smartsheet

In other Smartsheet news, CEO Mark Patrick Mader sold 5,000 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $56.05, for a total transaction of $280,250.00. Following the completion of the transaction, the chief executive officer now owns 578,762 shares in the company, valued at $32,439,610.10. This trade represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jolene Lau Marshall sold 3,571 shares of the business's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $50.59, for a total transaction of $180,656.89. Following the completion of the sale, the insider now owns 13,529 shares in the company, valued at approximately $684,432.11. This trade represents a 20.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,194 shares of company stock worth $2,248,098. Insiders own 4.52% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SMAR. Brooklyn Investment Group purchased a new position in Smartsheet during the third quarter worth $28,000. Raleigh Capital Management Inc. purchased a new position in shares of Smartsheet during the 3rd quarter worth about $31,000. International Assets Investment Management LLC bought a new position in Smartsheet during the 2nd quarter valued at about $25,000. Waldron Private Wealth LLC purchased a new stake in Smartsheet in the 3rd quarter worth about $33,000. Finally, Farther Finance Advisors LLC lifted its stake in Smartsheet by 123.2% in the third quarter. Farther Finance Advisors LLC now owns 721 shares of the company's stock worth $40,000 after purchasing an additional 398 shares during the last quarter. Hedge funds and other institutional investors own 90.01% of the company's stock.

About Smartsheet

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.