Smartsheet: Not Worth The Premium Valuation [Seeking Alpha]
Smartsheet Inc. Class A (SMAR)
Last smartsheet inc. class a earnings: 3/17 04:21 pm
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Source: Seeking Alpha
Smartsheet: Not Worth The Premium ValuationSummaryShares of Smartsheet plummeted 7% after posting Q2 results, despite beats to Wall Street's top and bottom line.Revenue growth decelerated 440bps sequentially this quarter, which is not entirely unexpected at Smartsheet's huge ~60% growth rate.Even after the drop, Smartsheet shares are trading at a gigantic ~16x EV/FY19 revenue multiple, making it one of the most expensive stocks in the software sector.While Smartsheet has won praise for its product, it's in an incredibly competitive space - playing against companies like Asana and Atlassian. The premium multiple likely doesn't factor in competition.Smartsheet's IPO lockup period also expires next month, opening the stock up to considerable risk.
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SMAR
News
- Smartsheet Announces $150 Million Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
- Smartsheet Announces $150 Million Share Repurchase ProgramBusiness Wire
- Unpacking Q4 Earnings: Smartsheet (NYSE:SMAR) In The Context Of Other Project Management Software Stocks [Yahoo! Finance]Yahoo! Finance
- Celigo Sets New Standards in Integration with AI, Prebuilt Solutions, and Unprecedented Connectivity [Yahoo! Finance]Yahoo! Finance
- Smartsheet Appoints Jo Deal as Chief People Officer [Yahoo! Finance]Yahoo! Finance
SMAR
Earnings
- 3/14/24 - Beat
SMAR
Sec Filings
- 4/19/24 - Form 8-K
- 4/15/24 - Form 4
- 4/11/24 - Form 144
- SMAR's page on the SEC website