Smartsheet Inc (NYSE:SMAR)’s traded shares stood at 3.73 million during the latest session, with the company’s beta value hitting 0.75. At the last check today, the stock’s price was $56.48, to imply an increase of 1.06% or $0.59 in intraday trading. The SMAR share’s 52-week high remains $56.09, putting it 0.69% up since that peak but still an impressive 37.11% since price per share fell to its 52-week low of $35.52. The company has a valuation of $7.86B, with an average of 2.13 million shares in intraday trading volume over the past 10 days and average of 3.25 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Smartsheet Inc (SMAR), translating to a mean rating of 2.74. Of 17 analyst(s) looking at the stock, 1 analyst(s) give SMAR a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 13 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.3.

Smartsheet Inc (NYSE:SMAR) trade information

After registering a 1.06% upside in the latest session, Smartsheet Inc (SMAR) has traded red over the past five days. The 5-day price performance for the stock is 0.75%, and 2.02% over 30 days. With these gigs, the year-to-date price performance is 18.11%. Short interest in Smartsheet Inc (NYSE:SMAR) saw shorts transact 2.69 million shares and set a 0.43 days time to cover.

The extremes give us $40 and $100 for target low and target high price respectively. As such, SMAR has been trading -77.05% off suggested target high and 29.18% from its likely low.

Smartsheet Inc (SMAR) estimates and forecasts

Looking at statistics comparing Smartsheet Inc share performance against respective industry, we note that the company has outperformed competitors. Smartsheet Inc (SMAR) shares are 48.32% up over the last 6 months, with its year-to-date growth rate higher than industry average at 63.53% against 18.70%. Revenue is forecast to grow 87.50% this quarter before falling -2.90% for the next one. The rating firms project that company’s revenue will grow 16.80% compared to the previous financial year.

Revenue forecast for the current quarter as set by 17 analysts is 283.81M. Meanwhile, for the current quarter, a total of 16 analyst(s) estimate revenue growth to 295.88M.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -3.72% for the past 5-year period. While 2024 is set for a 63.30% return in earnings, projections for the next 5 years are at 31.44% annually.

SMAR Dividends

Smartsheet Inc has its next earnings report out on 2024-Dec-05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Smartsheet Inc (NYSE:SMAR)’s Major holders

Smartsheet Inc insiders hold 2.91% of total outstanding shares, with institutional holders owning 86.77% of the shares at 89.37% float percentage. In total, 86.77% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 14.18 million shares (or 10.3171% of shares), all amounting to roughly $624.99 million.

The next major institution holding the largest number of shares is BLACKROCK INC. with 8.48 million shares, or about 6.1736% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $373.99 million.

We also have Vanguard Total Stock Market Index Fund and Smallcap World Fund as the top two Mutual Funds with the largest holdings of the Smartsheet Inc (SMAR) shares. Going by data provided on Jun 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 4.12 shares. This is just over 2.96% of the total shares, with a market valuation of $232.61 million. Data from the same date shows that the other fund manager holds a little less at 3.65, or 2.62% of the shares, all valued at about 206.02 million.