Smartsheet (NYSE:SMAR) Issues FY 2025 Earnings Guidance

Smartsheet (NYSE:SMAR) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 1.220-1.290 for the period, compared to the consensus EPS estimate of 1.110. 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 $1.22-$1.29 EPS.

Wall Street Analyst Weigh In

SMAR has been the subject of several recent research reports. Morgan Stanley cut their target price on shares of Smartsheet from $56.00 to $51.00 and set an overweight rating for the company in a report on Friday, March 15th. Barclays cut their target price on shares of Smartsheet from $50.00 to $40.00 and set an equal weight rating for the company in a report on Friday, March 15th. DA Davidson cut their target price on shares of Smartsheet from $65.00 to $55.00 and set a buy rating for the company in a report on Friday, March 15th. JPMorgan Chase & Co. cut their target price on shares of Smartsheet from $54.00 to $50.00 and set an overweight rating for the company in a report on Friday, March 15th. Finally, Oppenheimer cut their price target on shares of Smartsheet from $60.00 to $55.00 and set an outperform rating for the company in a report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $49.75.

Smartsheet Trading Up 0.5 %

NYSE SMAR traded up $0.17 during trading hours on Wednesday, reaching $37.78. The company had a trading volume of 2,105,298 shares, compared to its average volume of 1,497,304. The stock has a market capitalization of $5.19 billion, a P/E ratio of -47.58 and a beta of 0.74. Smartsheet has a 1-year low of $35.52 and a 1-year high of $52.81. The stock has a 50-day moving average of $38.88 and a 200 day moving average of $42.35.

Smartsheet (NYSE:SMAR) last issued its quarterly earnings results on Thursday, March 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.17. The business had revenue of $256.95 million for the quarter, compared to analysts’ expectations of $254.99 million. Smartsheet had a negative net margin of 10.92% and a negative return on equity of 16.57%. As a group, sell-side analysts predict that Smartsheet will post -0.43 EPS for the current year.

Insider Buying and Selling

In related news, CFO Pete Godbole sold 5,202 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $41.92, for a total transaction of $218,067.84. Following the sale, the chief financial officer now directly owns 44,346 shares in the company, valued at $1,858,984.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Smartsheet news, CRO Michael Arntz sold 7,702 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $39.44, for a total value of $303,766.88. Following the transaction, the executive now directly owns 12,718 shares in the company, valued at $501,597.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Pete Godbole sold 5,202 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $41.92, for a total transaction of $218,067.84. Following the completion of the transaction, the chief financial officer now owns 44,346 shares in the company, valued at $1,858,984.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,770 shares of company stock worth $1,132,791. Company insiders own 4.52% of the company’s stock.

Smartsheet Company Profile

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.