DA Davidson Weighs in on Smartsheet Inc’s Q3 2025 Earnings (NYSE:SMAR)

Smartsheet Inc (NYSE:SMAR) – Analysts at DA Davidson issued their Q3 2025 earnings estimates for Smartsheet in a note issued to investors on Friday, September 6th. DA Davidson analyst G. Luria expects that the company will post earnings of ($0.08) per share for the quarter. DA Davidson currently has a “Buy” rating and a $55.00 price objective on the stock. The consensus estimate for Smartsheet’s current full-year earnings is ($0.21) per share. DA Davidson also issued estimates for Smartsheet’s FY2026 earnings at $0.10 EPS.

Smartsheet (NYSE:SMAR) last issued its quarterly earnings results on Thursday, September 5th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.15. The company had revenue of $276.41 million for the quarter, compared to the consensus estimate of $274.23 million. Smartsheet had a negative return on equity of 4.42% and a negative net margin of 4.07%. Smartsheet’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.23) EPS.

SMAR has been the topic of a number of other reports. Barclays increased their price objective on shares of Smartsheet from $45.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, September 6th. UBS Group lifted their price target on Smartsheet from $56.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Morgan Stanley upped their price objective on Smartsheet from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Guggenheim raised their target price on Smartsheet from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Finally, Royal Bank of Canada upped their price target on Smartsheet from $43.00 to $51.00 and gave the company a “sector perform” rating in a report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.06.

Smartsheet Stock Performance

SMAR stock opened at $51.22 on Monday. Smartsheet has a fifty-two week low of $35.52 and a fifty-two week high of $54.28. The company’s 50 day moving average price is $47.30 and its 200 day moving average price is $42.65. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of -82.61 and a beta of 0.74.

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

Insider Buying and Selling at Smartsheet

In other Smartsheet news, CFO Pete Godbole sold 7,244 shares of the business’s 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 of the company’s stock, valued at approximately $1,268,998.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Pete Godbole sold 7,244 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $41.22, for a total value of $298,597.68. Following the completion of the sale, the chief financial officer now owns 30,786 shares in the company, valued at $1,268,998.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Stephen Robert Branstetter sold 2,004 shares of Smartsheet stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $48.00, for a total value of $96,192.00. Following the completion of the sale, the chief operating officer now directly owns 61,791 shares in the company, valued at approximately $2,965,968. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,755 shares of company stock worth $1,263,525. 4.52% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SMAR. Vanguard Group Inc. lifted its position in shares of Smartsheet by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 13,809,208 shares of the company’s stock valued at $531,655,000 after acquiring an additional 225,390 shares during the period. Eminence Capital LP raised its holdings in Smartsheet by 9.2% during the second quarter. Eminence Capital LP now owns 4,251,328 shares of the company’s stock worth $187,399,000 after purchasing an additional 358,988 shares during the last quarter. Dorsal Capital Management LP boosted its position in Smartsheet by 4.0% during the fourth quarter. Dorsal Capital Management LP now owns 3,225,000 shares of the company’s stock worth $154,220,000 after purchasing an additional 125,000 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in Smartsheet by 9.0% in the fourth quarter. Westfield Capital Management Co. LP now owns 2,706,943 shares of the company’s stock valued at $129,446,000 after purchasing an additional 224,513 shares during the last quarter. Finally, RGM Capital LLC grew its holdings in Smartsheet by 7.6% in the second quarter. RGM Capital LLC now owns 2,223,763 shares of the company’s stock valued at $98,023,000 after purchasing an additional 156,817 shares during the last quarter. Hedge funds and other institutional investors own 90.01% of the company’s stock.

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.