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Smartsheet Stock Price, News & Analysis

SMAR NYSE

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

Smartsheet (historically NYSE: SMAR) is frequently featured in business and technology news as a modern, AI‑enhanced enterprise work management platform with a large global customer base, including a substantial share of Fortune 500 companies. News coverage often highlights how organizations use Smartsheet to manage complex projects, marketing campaigns, service operations, and other mission‑critical work at scale.

Recent announcements have focused on several themes. One major topic is corporate transactions: Smartsheet disclosed a definitive agreement to be acquired by funds managed by Blackstone and Vista Equity Partners, followed by confirmation that the acquisition was completed in an all‑cash take‑private transaction. These updates include details on shareholder approval, transaction value, and the end of public trading of Smartsheet stock.

Another recurring news theme is product and technology development. Smartsheet has announced AI‑related features and a connector that synchronizes Smartsheet data into Amazon Q Business, a generative AI‑powered assistant. This connector is presented as a way to reduce data silos and enable unified AI‑driven search and analysis across enterprise systems. The company also highlights broader enhancements to its user experience and platform capabilities.

Smartsheet news items also cover industry recognition and research. The company reports recognition as a Leader in the Gartner Magic Quadrant for Collaborative Work Management and as a Customers’ Choice in Gartner Peer Insights. In addition, Smartsheet publishes research such as the Pulse of Marketing Report, which examines how marketing and creative professionals use technology and data to demonstrate business impact.

Leadership appointments, regional management updates, and information about customer conferences and events also appear in Smartsheet’s news flow. For ongoing historical and corporate context, this news page aggregates these types of announcements in one place.

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Smartsheet (NYSE: SMAR) has appointed Mike Gregoire as the new board chair, effective March 9, 2023, succeeding Geoffrey Barker. Gregoire, a board member since 2019, is recognized for his strategic expertise in technology. CEO Mark Mader noted Gregoire's contributions to enhancing strategies for Smartsheet stakeholders. This leadership change comes as Smartsheet continues to receive accolades for customer satisfaction and innovation from industry leaders like G2 and Fast Company. Gregoire's background includes serving as CEO of CA technologies and being a partner at Brighton Park Capital.

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Smartsheet Inc. reported strong financial results for Q4 FY23, with total revenue of $212.3 million, up 35% year over year. Subscription revenue increased by 37% to $198.9 million. The company achieved positive free cash flow of $16.4 million in Q4, contributing to a full-year free cash flow of $9.8 million. Despite a GAAP net loss of $(42.7) million, improvements were noted in non-GAAP metrics, such as a net income of $9.9 million. For FY24, Smartsheet expects revenue growth of 23%-24% and free cash flow guidance of $110 million.

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Smartsheet (NYSE:SMAR) has been recognized as a leader in G2's 2023 Best Software Awards, ranking #5 in the Best Products for Enterprise category. As the only collaborative work management platform in the top 50, Smartsheet continues to empower teams across over 90% of Fortune 100 companies, including GM and Pfizer. With a focus on project management, marketing, and strategic transformation, Smartsheet provides robust enterprise capabilities to enhance productivity and innovation.

CEO Mark Mader emphasized the importance of user reviews in validating the platform's transformational value.

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Smartsheet sponsors the first Seattle Kraken artist residency, featuring Matika Wilbur's exhibition, The Salmon People, from February 16 to March 13, 2023, at Climate Pledge Arena. The installation highlights critical issues affecting salmon habitats, emphasizing the connection between traditional Coast Salish culture and environmental conservation. This residency aims to elevate Native American art and storytelling, reflecting Smartsheet's commitment to community engagement through sports sponsorships. The initiative also supports the Sponsor X program focusing on cultural connections, STEM, and art integration.

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Smartsheet Inc. (NYSE: SMAR) will announce its Q4 and full fiscal year 2023 financial results on March 14, 2023, after U.S. financial markets close. A conference call will follow at 4:30 p.m. ET to discuss the results, accessible via dial-in numbers (888) 440-6385 for U.S. callers and (646) 960-0180 for international callers. The conference ID is 7672979. A replay will be available two hours post-event for seven days. For more information, visit Smartsheet's investor relations website.

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FAQ

What is the current stock price of Smartsheet (SMAR)?

The current stock price of Smartsheet (SMAR) is $56.47 as of February 7, 2025.

What is the market cap of Smartsheet (SMAR)?

The market cap of Smartsheet (SMAR) is approximately 7.9B.

SMAR Rankings

SMAR Stock Data

7.91B
129.43M
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