Smartsheet (NYSE:SMAR) Updates Q3 2025 Earnings Guidance

Smartsheet (NYSE:SMAR) issued an update on its third quarter 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.290-0.310 for the period, compared to the consensus earnings per share estimate of 0.290. The company issued revenue guidance of $282.0 million-$285.0 million, compared to the consensus revenue estimate of $287.8 million. Smartsheet also updated its FY 2025 guidance to 1.360-1.390 EPS.

Wall Street Analysts Forecast Growth

SMAR has been the topic of a number of recent research reports. Guggenheim restated a buy rating and issued a $56.00 target price on shares of Smartsheet in a research note on Tuesday, June 25th. Morgan Stanley increased their price objective on Smartsheet from $53.00 to $55.00 and gave the stock an overweight rating in a report on Tuesday, August 20th. Royal Bank of Canada lifted their target price on shares of Smartsheet from $36.00 to $43.00 and gave the company a sector perform rating in a research note on Thursday, June 6th. BMO Capital Markets upped their price objective on shares of Smartsheet from $42.00 to $48.00 and gave the stock an outperform rating in a report on Thursday, June 6th. Finally, Barclays raised their target price on Smartsheet from $40.00 to $45.00 and gave the company an equal weight rating in a report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $52.41.

Smartsheet Trading Up 4.2 %

Shares of SMAR stock traded up $2.01 on Thursday, hitting $49.35. The stock had a trading volume of 6,255,345 shares, compared to its average volume of 1,469,076. Smartsheet has a twelve month low of $35.52 and a twelve month high of $51.42. The company has a fifty day moving average price of $46.72 and a two-hundred day moving average price of $42.41. The firm has a market cap of $6.83 billion, a P/E ratio of -79.60 and a beta of 0.74.

Smartsheet (NYSE:SMAR) last announced its earnings results on Wednesday, June 5th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.06. The company had revenue of $262.98 million for the quarter, compared to analysts’ expectations of $258.06 million. Smartsheet had a negative net margin of 8.35% and a negative return on equity of 12.06%. On average, analysts expect that Smartsheet will post -0.21 earnings per share for the current year.

Insider Activity at Smartsheet

In other news, COO Stephen Robert Branstetter sold 4,174 shares of the firm’s stock in a transaction that occurred 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 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Pete Godbole sold 7,244 shares of the firm’s stock in a transaction that occurred 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 owns 30,786 shares in the company, valued at $1,268,998.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Stephen Robert Branstetter sold 4,174 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $43.91, for a total transaction of $183,280.34. Following the completion of the sale, the chief operating officer now directly owns 68,067 shares of the company’s stock, valued at $2,988,821.97. The disclosure for this sale can be found here. Insiders have sold 32,929 shares of company stock worth $1,446,805 over the last ninety days. Insiders own 4.52% of the company’s stock.

About Smartsheet

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.