Smartsheet’s (SMAR) Buy Rating Reaffirmed at DA Davidson

DA Davidson reiterated their buy rating on shares of Smartsheet (NYSE:SMAR) in a report issued on Friday morning, Benzinga reports. DA Davidson currently has a $55.00 price objective on the stock. DA Davidson also issued estimates for Smartsheet’s Q3 2025 earnings at ($0.08) EPS and FY2026 earnings at $0.10 EPS.

Several other research firms have also recently weighed in on SMAR. Barclays increased their price objective on Smartsheet from $45.00 to $50.00 and gave the stock an equal weight rating in a report on Friday. Guggenheim reiterated a buy rating and issued a $56.00 price target on shares of Smartsheet in a report on Tuesday, June 25th. UBS Group upped 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. Wells Fargo & Company raised their target price on shares of Smartsheet from $47.00 to $50.00 and gave the stock an overweight rating in a research report on Thursday, June 6th. Finally, Royal Bank of Canada boosted their price target on shares of Smartsheet from $43.00 to $51.00 and gave the company a sector perform rating in a research report on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $55.06.

Smartsheet Trading Up 5.9 %

Shares of NYSE SMAR opened at $52.28 on Friday. The stock’s 50-day moving average is $47.00 and its 200 day moving average is $42.52. The stock has a market cap of $7.23 billion, a price-to-earnings ratio of -84.32 and a beta of 0.74. Smartsheet has a 1-year low of $35.52 and a 1-year high of $54.28.

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

Insider Buying and Selling at Smartsheet

In other news, COO Stephen Robert Branstetter sold 4,174 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $43.91, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Stephen Robert Branstetter sold 4,174 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 68,067 shares in the company, valued at $2,988,821.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Pete Godbole sold 7,244 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $41.22, for a total value of $298,597.68. Following the transaction, the chief financial officer now directly owns 30,786 shares in the company, valued at $1,268,998.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,929 shares of company stock worth $1,446,805. Insiders own 4.52% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new stake in shares of Smartsheet in the 2nd quarter worth $25,000. Banque Cantonale Vaudoise bought a new stake in Smartsheet during the first quarter valued at about $29,000. Versant Capital Management Inc purchased a new stake in Smartsheet in the second quarter worth about $31,000. Plato Investment Management Ltd bought a new position in shares of Smartsheet in the first quarter worth about $35,000. Finally, First Horizon Advisors Inc. lifted its position in shares of Smartsheet by 37.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 894 shares of the company’s stock valued at $39,000 after buying an additional 244 shares in the last quarter. 90.01% of the stock is currently owned by institutional investors.

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.