Smartsheet

Smartsheet, Inc. engages in the design and development of cloud-based platform for work management. It offers ways for customers to plan and manage their work using grids, projects, cards, and calendars. The company was founded by W. Eric Browne, Maria Colacurcio, John D. Creason, and Brent R. Frei in 2005 and is headquartered in Bellevue, WA.

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Smartsheet reports robust Q1 performance amidst macro challenges

Smartsheet's Q1 2024 earnings call showcased strong financial performance and notable enterprise expansions. However, challenges in the macro environment have impacted sales productivity, leading to a focus on incremental marketing programs and real-time investment decisions. Despite over-performance in Q1, revenue guidance remains unchanged due to a conservative approach given the dynamic macro environment.

Smartsheet reports strong Q2 performance and anticipates $1B ARR

Smartsheet's Q2 earnings call highlighted robust financial performance, a growing customer base, and plans for future expansion. While facing challenges related to customer retention and sales force productivity, the company is well-positioned to capitalize on opportunities in the enterprise segment and the introduction of new modules. Overall, Smartsheet's performance reflects a positive trajectory for future growth.

Smartsheet exceeds Q3 revenue expectations, cautious outlook for FY '25

Smartsheet's Q3 performance exceeded expectations, with strong revenue growth and significant customer expansions. While facing challenges in SMB expansions and cautious outlook for FY '25, the company sees opportunities in AI integration and global expansion. The focus on self-discovery capabilities and partnerships also presents promising growth potential.

Smartsheet exceeds Q4 expectations, focuses on AI integration for growth

Smartsheet's Q4 performance showcased robust revenue growth, profitability, and customer expansion. The company's focus on product innovation, AI integration, and strategic partnerships positions it well for future growth. While macroeconomic challenges persist, Smartsheet's emphasis on enterprise customers and margin expansion presents opportunities for sustained success.

Smartsheet beats Q1 revenue targets, eyes platform growth opportunities

Smartsheet's Q1 performance exceeded expectations across key metrics.
The company's strengths lie in customer expansions, new plan success, and investments.
Challenges include macro conditions and international headwinds.
Opportunities in platform enhancements, market focus, and partner strategies.

Smartsheet exceeds Q2 revenue targets, eyes enterprise growth opportunities

Smartsheet delivered strong Q2 results, surpassing revenue targets and showcasing growth in key metrics.
While facing challenges in net retention and user conversion, the company's focus on enterprise solutions and product enhancements presents opportunities for future growth.
Recognition in the industry, notable customer expansions, and upcoming product modules position Smartsheet well for continued success and innovation.

Smartsheet surpasses Q3 revenue targets, eyes global expansion and AI integration

Smartsheet delivered strong Q3 results, exceeding revenue guidance and showcasing growth in billings and user base. The company's strategic expansions with key clients and focus on AI integration and global expansion position it well for future success.
While facing challenges in SMB expansions and evolving customer dynamics, Smartsheet's strengths in driving enterprise deals, modular feature development, and partnership strategies offer resilience. The company must navigate uncertainties around Gen AI and industry pressures to capitalize on growth opportunities.
Overall, Smartsheet's performance in Q3 reflects resilience and strategic foresight, with a balance of strengths, challenges, and opportunities shaping its path forward. Navigating industry dynamics and leveraging partnerships will be key to sustaining growth and innovation.

Smartsheet hits $1B ARR milestone, eyes growth amid challenges

Smartsheet's Q4 FY 2024 performance reflects strong financial results, notable customer expansions, and guidance for continued growth in FY '25, underpinned by key strengths in innovation and customer loyalty.
While facing challenges such as pressure on SMBs and margin improvement, the company has opportunities to leverage AI capabilities, address SMB weaknesses, and expand internationally for sustained growth.
Overall, Smartsheet's strategic focus on innovation, customer engagement, and market expansion positions it well for future success, despite navigating challenges and uncertainties in the business landscape.
Investors should monitor Smartsheet's execution of growth strategies, particularly in addressing SMB challenges, leveraging AI capabilities, and capitalizing on international opportunities to drive long-term value.

Smartsheet posts robust Q1 results, eyes sustained growth and innovation

Smartsheet's Q1 FY 2025 earnings call highlighted strong financial performance, customer expansions, and strategic initiatives like the collaboration with KPMG and new pricing model.
The company's focus on AI adoption, product development, and margin improvement underscores a commitment to innovation, customer value, and sustainable growth.
While facing challenges in user conversion, growth consistency, and operational balance, Smartsheet's opportunities lie in sustained revenue growth, market differentiation, and international expansion.

Smartsheet reports robust Q2 earnings, AI adoption drives growth

Smartsheet's Q2 performance reflects strong customer expansion and revenue growth, driven by key deals and AI tool adoption.
While facing challenges in pricing models and market competition, the company's strategic focus on platform modernization and user experience bodes well for future success.
Opportunities lie in AI tool adoption, expansion deals, and raised guidance, positioning Smartsheet for continued growth and profitability.

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Smartsheet, Inc. engages in the design and development of a cloud-based platform for work management. It offers ways for customers to plan and manage work using tables, plans, projects, cards, Gantt charts, and calendars, as well as allowing users to toggle between views. The company was founded by W. Eric Browne, Maria Colacurcio, John D. Creason, and Brent R. Frei in 2005 and is headquartered in Bellevue, WA.

Oddity Tech Ltd

Investors interested in stocks from the Internet - Software sector have probably already heard of Oddity Tech (ODD) and Smartsheet (SMAR). But which of these two stocks is more attractive to value investors?

ODD or SMAR: Which Is the Better Value Stock Right Now?

NEW YORK CITY, NY / ACCESSWIRE / September 25, 2024 / Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Smartsheet Inc. (NYSE:SMAR) to funds managed by Blackstone and Vista Equity Partners for $56.50 per share in cash is fair to Smartsheet shareholders. Halper Sadeh encourages Smartsheet shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.

SMAR STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE SALE OF SMARTSHEET INC. IS FAIR TO SHAREHOLDERS

SAN DIEGO, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP , a leading stockholder rights law firm, announced that it is investigating claims on behalf Smartsheet (NYSE:SMAR) shareholders concerning potential breaches of fiduciary duties related to the proposed sale of the Company to Blackstone and Vista Equity Partners.

SMAR Merger News: Johnson Fistel Investigates Smartsheet and its Directors and Management Following Sale

Smartsheet is allowed to solicit other potential acquirers after announcing a $8.

Smartsheet acquisition: Competing bids unlikely; $8.4B deal could fuel other private equity buyouts

Blackstone Group

Blackstone and Vista Equity Partners are acquiring software maker Smartsheet for $8.4 billion in cash, or $56.50 per share; the deal is expected to close in Smartsheet's fiscal fourth quarter.

Vista, Blackstone buying software maker Smartsheet for about $8.4 billion

NEW YORK , Sept. 24, 2024 /PRNewswire/ --, Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report.

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Smartsheet Inc. - SMAR

Smartsheet (SMAR) shares jumped Tuesday after the work management platform said it agreed to be purchased by asset manager Blackstone (BX) and investment firm Vista Equity Partners for $8.4 billion in cash.

Smartsheet Stock Jumps On News of $8.4B Sale to Vista, Blackstone

In a major move, private equity firms Vista Equity Partners and Blackstone are set to acquire Smartsheet, a cloud-based software company, for approximately $8.4 billion in an all-cash transaction. Under the terms of the agreement, Vista and Blackstone will purchase Smartsheet shares at $56.50 each, according to a joint announcement made on Tuesday.

Vista and Blackstone to acquire software maker Smartsheet in $8.4 billion deal

MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Smartsheet (NYSE: SMAR) for possible breaches of fiduciary duty and other violations of law in its transaction with Blackstone and Vista. Click here to learn how to join our investigation https://www.ademilaw.com/case/smartsheet-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you. In the transaction, Smartsheet shareholders will receive only $56.50 per share in cash. The transaction agreement unreasonably.

Shareholder Alert: Ademi LLP investigates whether Smartsheet Inc. has obtained a Fair Price for its Public Shareholders

MONSEY, N.Y., Sept. 24, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Smartsheet, Inc. (NYSE: SMAR) (“Smartsheet”) to Vista Equity Partners and Blackstone for $56.50 per share in cash.

SMAR Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Smartsheet to Vista Equity Partners and Blackstone

Smartsheet, an enterprise work management software platform, announced Tuesday that it will be acquired by Blackstone and Vista Equity Partners in an all-cash deal worth $8.4 billion. Shareholders will receive $56.50 per share, a 41% premium over the stock's average closing price for the past three months, according to a press release.

This NYC Hedge Fund Will Reap A $90 Million Profit In The $8.4 Billion Smartsheet Deal

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Smartsheet Inc. (NYSE: SMAR) to funds managed by Blackstone and Vista Equity Partners for $56.50 per share in cash is fair to Smartsheet shareholders. Halper Sadeh encourages Smartsheet shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investi.

SMAR Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Smartsheet Inc. Is Fair to Shareholders

Smartsheet Inc.'s stock rallied 6% Tuesday after the workplace-management software company agreed to be taken private by Blackstone Inc. and Vista Equity Partners for $8.4 billion, or $56.50 per share.

Smartsheet's stock rallies on $8.4 billion purchase by Blackstone and Vista

The work management platform announces it will be acquired by funds managed by Blackstone and Visa Equity Partners.

Smartsheet to Be Bought in $8.4 Billion Deal. The Stock Is Rising.

Smartsheet announced Tuesday that it agreed to be acquired by private equity companies Blackstone and Vista Equity Partners in deal valued at $8.

Smartsheet plans to go private in $8.4 billion deal with Vista Equity Partners and Blackstone

Private equity firms Blackstone and Vista Equity Partners announced the acquisition of software maker Smartsheet for $8.4 billion.

Blackstone, Vista Equity Partners To Acquire Smartsheet In $8.4 Billion Deal

Vista Equity Partners and Blackstone have agreed to acquire Smartsheet, the software-as-a-service (SaaS) workplace collaboration and management platform, for $8.4 billion in cash.

Vista Equity Partners and Blackstone offer to buy Smartsheet for $8.4B in cash

Private equity firms Vista Equity Partners and Blackstone will buy collaboration-software maker Smartsheet for $8.4 billion, the companies said on Tuesday.

PE firms Vista, Blackstone to buy software maker Smartsheet for $8.4 bln

Blackstone and Vista Equity Partners to acquire software maker Smartsheet for $8.4 billion

BELLEVUE, Wash.--(BUSINESS WIRE)---- $SMAR--Smartsheet to be Acquired by Blackstone and Vista Equity Partners for $8.4 Billion.

Smartsheet to be Acquired by Blackstone and Vista Equity Partners for $8.4 Billion

Smartsheet SMAR is a smart buy because of its growth, operational quality, cash flow, and capital return. That's why private equity firms are in talks to buy it; they see deep value in the business and its stock.

Smartsheet Is a Smart Buy for Traders and Investors: Here's Why

Stephen Branstetter, the chief operating officer at Smartsheet who joined the company in 2013, resigned on Wednesday, according to a new regulatory filing.

Smartsheet COO Stephen Branstetter resigns amid reported acquisition talks

PHILADELPHIA--(BUSINESS WIRE)-- #focusforward--Turnberry Solutions, a leader in business, digital, and talent transformation services, announces it is a Smartsheet Solution Partner. This collaboration strengthens Turnberry's ability to provide cutting-edge solutions that align with clients' visions, ensuring high-speed, high-quality, and cost-effective outcomes. Every business faces challenges and changes, whether through organizational shifts or bridging gaps between IT and business teams. Turnberry's Busines.

Turnberry Solutions announces partnership with Smartsheet

Smartsheet stock is driven by a growing customer base, enhanced product features, and the increasing adoption of AI tools.

Smartsheet Up 5% in a Month: Should You Buy, Hold or Sell the Stock?

Smartsheet stock rose on a report two private equity firms are nearing a deal to acquire the software maker.

News for Smartsheet Stock (SMAR)