Smartsheet (NYSE:SMAR) Releases FY 2025 Earnings Guidance

Smartsheet (NYSE:SMAR) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.360-1.390 for the period, compared to the consensus estimate of 1.250. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion. Smartsheet also updated its FY25 guidance to $1.36-1.39 EPS.

Smartsheet Stock Up 5.9 %

Shares of SMAR stock traded up $2.92 during trading on Friday, hitting $52.27. The company had a trading volume of 5,266,548 shares, compared to its average volume of 1,491,826. The stock’s 50-day moving average is $47.00 and its two-hundred day moving average is $42.52. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of -84.32 and a beta of 0.74. Smartsheet has a 52 week low of $35.52 and a 52 week high of $54.28.

Smartsheet (NYSE:SMAR) last released its earnings results on Thursday, September 5th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.15. Smartsheet had a negative return on equity of 12.06% and a negative net margin of 8.35%. The company had revenue of $276.41 million during the quarter, compared to the consensus estimate of $274.23 million. During the same quarter in the previous year, the company posted ($0.23) EPS. Smartsheet’s quarterly revenue was up 17.3% compared to the same quarter last year. On average, research analysts predict that Smartsheet will post -0.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SMAR has been the subject of several research analyst reports. UBS Group raised their price objective on shares of Smartsheet from $56.00 to $61.00 and gave the stock a buy rating in a report on Thursday, August 29th. Guggenheim lifted their price target on Smartsheet from $60.00 to $62.00 and gave the company a buy rating in a research report on Friday. Wells Fargo & Company increased their price objective on Smartsheet from $47.00 to $50.00 and gave the stock an overweight rating in a report on Thursday, June 6th. Canaccord Genuity Group boosted their target price on shares of Smartsheet from $52.00 to $60.00 and gave the company a buy rating in a report on Friday. Finally, Royal Bank of Canada increased their price target on shares of Smartsheet from $43.00 to $51.00 and gave the stock a sector perform rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Smartsheet presently has an average rating of Moderate Buy and an average price target of $55.06.

Insider Activity at Smartsheet

In related news, 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 transaction of $183,280.34. Following the completion of the transaction, the chief operating officer now owns 68,067 shares in the company, valued at $2,988,821.97. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Smartsheet news, COO Stephen Robert Branstetter sold 4,174 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $43.91, for a total transaction of $183,280.34. Following the completion of the transaction, the chief operating officer now owns 68,067 shares in the company, valued at approximately $2,988,821.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Pete Godbole sold 7,500 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $43.54, for a total transaction of $326,550.00. Following the sale, the chief financial officer now directly owns 36,846 shares in the company, valued at approximately $1,604,274.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,929 shares of company stock valued at $1,446,805. 4.52% of the stock is owned by company insiders.

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.