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.

MONSEY, N.Y., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Wohl & Fruchter LLP announces that on November 14, 2024, it filed a class action lawsuit in the United States District Court for the Southern District of New York, captioned Bushansky v.

SMAR Alert: Wohl & Fruchter LLP Files Class Action Lawsuit on Behalf of Shareholders of Smartsheet, Inc., in the U.S. District Court for the Southern District of New York

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Smartsheet Inc. (NYSE: SMAR) to funds managed by Blackstone and Vista Equity Partners. Under the terms of the proposed transaction, shareholders of Smartsheet will receive $56.50 in cash for each share of Smartsheet that they own. KSF is seeking to determine whether this consideration and the process that led.

SMARTSHEET INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Smartsheet Inc. - SMAR

BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet Inc. (NYSE: SMAR), the enterprise work management platform, today announced that it will release its financial results for its third quarter of fiscal year 2025, which ended October 31, 2024, after the close of U.S. financial markets on December 5, 2024. The earnings release will be available on the Smartsheet investor relations website: https://investors.smartsheet.com. In light of the definitive agreement to be acquired by Blackstone and Vista Equi.

Smartsheet to Announce Third Quarter of Fiscal Year 2025 Financial Results on December 5, 2024

Investors interested in Internet - Software stocks are likely familiar with 8x8 (EGHT) and Smartsheet (SMAR). But which of these two stocks presents investors with the better value opportunity right now?

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

Outbrain

NEW YORK, Nov. 10, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SMAR and OB on Behalf of Shareholders

We have renewed our investigation into the fairness of the proposed sale of Smartsheet to Vista Equity Partners and Blackstone for $56.50 per share in cash

SMAR Alert: Monsey Firm of Wohl & Fruchter Renews Investigation Into the Proposed Sale of Smartsheet to Blackstone and Vista Equity Partners

SYDNEY--(BUSINESS WIRE)--Smartsheet Inc. (NYSE: SMAR), the enterprise work management platform, today announced the appointment of Helen Masters as Managing Director of APJ. Masters will be responsible for driving the continued growth of Smartsheet across Asia Pacific and will work closely with customers and partners to help manage mission-critical work and achieve success. Companies of all sizes, including 85% of the 2024 Fortune 500 companies, partner with Smartsheet to strategically manage p.

Smartsheet Appoints Enterprise Tech Leader Helen Masters as Managing Director of APJ

SMAR partners with AWS to launch a new connector, empowering users to seamlessly access and manage its data with Amazon Q Business's generative AI.

Smartsheet Benefits From Growing Customer Base and AI Adoption

Smartsheet (SMAR) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Smartsheet (SMAR) Hit a 52 Week High, Can the Run Continue?

BELLEVUE, Wash.--(BUSINESS WIRE)--Today at its annual ENGAGE customer conference, Smartsheet (NYSE:SMAR), the enterprise work management platform, announced it is partnering with AWS to launch a new connector that synchronizes data from Smartsheet into Amazon Q Business, a generative AI-powered assistant that can answer questions, provide summaries, generate content, and securely complete tasks based on data and information in customers' enterprise systems. The connector will enable Amazon Q Bu.

Smartsheet and AWS Team Up to Accelerate AI-Powered Decision-Making With a Connector for Amazon Q Business

BELLEVUE, Wash.--(BUSINESS WIRE)--Today, at its sold-out annual ENGAGE customer conference, Smartsheet (NYSE:SMAR), the enterprise work management platform, unveiled the most comprehensive transformation of its offerings to date, debuting a new user experience and a range of first-of-a-kind features to empower organizations to operate at peak, regardless of users' tech savvy. The new features build on last year's debut of several AI-driven, next-generation capabilities and are another milestone.

Smartsheet Unveils a Revamped User Experience to Supercharge How Teams Collaborate and Scale their Work

NEW YORK, NY / ACCESSWIRE / October 3, 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

NEW YORK, Oct. 02, 2024 (GLOBE NEWSWIRE) -- 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.

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

Does Smartsheet (SMAR) have what it takes to be a top stock pick for momentum investors? Let's find out.

Smartsheet (SMAR) is a Great Momentum Stock: Should You Buy?

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.

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