DA Davidson Comments on Smartsheet’s Q4 Earnings (NYSE:SMAR)

Smartsheet Inc (NYSE:SMAR) – Research analysts at DA Davidson issued their Q4 2025 EPS estimates for shares of Smartsheet in a note issued to investors on Friday, December 6th. DA Davidson analyst G. Luria forecasts that the company will post earnings of ($0.06) per share 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 equities analysts also recently commented on the company. William Blair restated a “market perform” rating on shares of Smartsheet in a report on Wednesday, September 25th. Guggenheim downgraded shares of Smartsheet from a “buy” rating to a “neutral” rating in a research report on Monday, November 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Smartsheet in a research report on Friday. Wolfe Research reissued a “peer perform” rating on shares of Smartsheet in a research report on Wednesday, September 25th. Finally, Canaccord Genuity Group reissued a “hold” rating and issued a $56.50 target price (down previously from $60.00) on shares of Smartsheet in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $55.82.

Smartsheet Trading Up 0.0 %

Shares of SMAR opened at $56.09 on Monday. Smartsheet has a twelve month low of $35.52 and a twelve month high of $56.55. The firm has a market capitalization of $7.79 billion, a P/E ratio of -934.83 and a beta of 0.71. The stock’s fifty day simple moving average is $55.95 and its 200 day simple moving average is $49.74.

Institutional Investors Weigh In On Smartsheet

A number of institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in shares of Smartsheet during the second quarter valued at approximately $25,000. Brooklyn Investment Group acquired a new position in Smartsheet during the 3rd quarter valued at approximately $28,000. Raleigh Capital Management Inc. bought a new position in Smartsheet during the 3rd quarter worth $31,000. Waldron Private Wealth LLC acquired a new stake in Smartsheet in the third quarter worth $33,000. Finally, First Horizon Advisors Inc. lifted its stake in Smartsheet by 37.5% in the second quarter. First Horizon Advisors Inc. now owns 894 shares of the company’s stock valued at $39,000 after buying an additional 244 shares during the last quarter. 90.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Mark Patrick Mader sold 20,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $51.78, for a total value of $1,035,600.00. Following the sale, the chief executive officer now owns 588,762 shares in the company, valued at approximately $30,486,096.36. This represents a 3.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jolene Lau Marshall sold 3,571 shares of the 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 transaction, the insider now directly owns 13,529 shares in the company, valued at $684,432.11. The trade was a 20.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,194 shares of company stock worth $2,248,098 in the last three months. 4.52% of the stock is owned by insiders.

Smartsheet declared that its board has approved a stock repurchase program on Thursday, September 5th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to buy up to 2.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

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.