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Smartsheet Inc - SMAR STOCK NEWS

Welcome to our dedicated news page for Smartsheet (Ticker: SMAR), a resource for investors and traders seeking the latest updates and insights on Smartsheet.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Smartsheet's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Smartsheet's position in the market.

Rhea-AI Summary
Smartsheet (NYSE: SMAR) has announced a $150 million share repurchase program, giving the company the authorization to buy back its outstanding Class A common stock. The program allows for repurchases through various methods, including open market purchases and block trades. The timing and amount of repurchases will be determined by the company's management based on market conditions and other factors. The program has a duration of approximately twelve months and does not require a minimum purchase commitment. Smartsheet may suspend or end the program at any time at its discretion.
Rhea-AI Impact
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buyback
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Rhea-AI Summary
Smartsheet appoints Jo Deal as Chief People Officer to support the company's global workforce growth and development, aiming to enhance performance and drive business results in the post-$1 billion annualized recurring revenue growth phase.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.55%
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management
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Rhea-AI Summary
Smartsheet Inc. appoints Katie Rooney, a seasoned CFO, to its board of directors, bringing extensive financial and operational expertise. As the company reaches $1 billion in annual recurring revenue, Rooney's appointment signals a strategic move for global enterprise expansion.
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Rhea-AI Sentiment
End-of-Day
-0.91%
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management
Rhea-AI Summary
Smartsheet Inc. announces strategic executive team changes to drive growth post $1 billion ARR milestone. Max Long appointed President of Go-to-Market, Praerit Garg promoted to President of Product & Innovation. Mike Arntz and Andrew Bennett to retire, company focuses on customer-centric strategy.
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Rhea-AI Sentiment
End-of-Day
-6.9%
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management
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Rhea-AI Summary
Smartsheet (SMAR) exceeded $1 billion in annualized recurring revenue in Q4, with total revenue growing 21% YoY to $256.9 million. The company ended the year with $628.8 million in cash and equivalents. Smartsheet reported strong financial and operational performance, showcasing growth in revenue, operating cash flow, and free cash flow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.9%
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Rhea-AI Summary
Smartsheet Inc. (SMAR) will release its financial results for Q4 and full fiscal year 2024 on March 14, 2024. The conference call and webcast will be hosted by Smartsheet executives to discuss the results. The webcast will be open to listeners through the events section of the Smartsheet investor relations website. A replay of the conference call will also be available for seven days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.36%
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Rhea-AI Summary
Smartsheet (NYSE:SMAR) announced reaching $1 billion in annualized recurring revenue (ARR) in Q4, following recognition as a Leader in Gartner's Magic Quadrant and two IDC reports. The company empowers collaborative work management and serves 85% of the 2023 Fortune 500 companies.
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-2.2%
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none
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Rhea-AI Summary
Smartsheet (NYSE: SMAR) CEO Mark Mader to present at 26th Annual Needham Growth Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.51%
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conferences
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Rhea-AI Summary
Smartsheet (SMAR) was named a Leader in the 2023 Gartner Magic Quadrant for Collaborative Work Management (CWM) due to its ability to execute and completeness of vision. Smartsheet also received the distinction of being a Customers’ Choice in the 2023 Gartner Peer Insights 'Voice of the Customer' in the Collaborative Work Management market, with the highest rating (4.6 out of 5) and the highest percentage of customers willing to recommend the platform (98%). Smartsheet's placement as a Leader in the Magic Quadrant validates its long-standing commitment to innovation and customer-centric solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.79%
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none
Rhea-AI Summary
Smartsheet Inc. (NYSE: SMAR) reported third quarter total revenue growth of 23% year over year to $245.9 million, with operating cash flow of $15.1 million and free cash flow of $11.4 million. The company ended the quarter with $568.7 million in cash, cash equivalents, and short-term investments. Smartsheet also announced new platform features, Australia-based data hosting, and received recognition in various industry reports and rankings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.63%
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Smartsheet Inc

NYSE:SMAR

SMAR Rankings

SMAR Stock Data

5.18B
133.29M
2.95%
90.97%
1.72%
Software Publishers
Information
Link
US
Bellevue

About SMAR

smartsheet is the world’s leading saas platform for managing and automating collaborative work. over 90,000 companies, and millions of information workers, trust smartsheet to help them accelerate business execution and address the volume and velocity of today’s collaborative work. smartsheet is used by over 50% of the fortune 500 and maintains rich data integrations with mission-critical applications from microsoft, google, salesforce, atlassian, and many others.