Smartsheet Inc . (NYSE:) shares have reached a new 52-week high, touching $56.27, signaling a robust period for the company amidst a dynamic market environment. This milestone reflects a significant uptrend in the company’s stock value, marking a substantial 42.69% change over the past year. Investors and analysts are closely monitoring Smartsheet’s performance as it continues to navigate through the competitive landscape of cloud-based solutions, with its recent peak potentially indicating strong business growth and investor confidence.
In other recent news, Smartsheet Inc. has made significant strides in its business trajectory. The company has appointed Helen Masters as the new Managing Director for the Asia Pacific and Japan region, a move aimed at accelerating growth and customer engagement in the region. Additionally, Smartsheet has agreed to an acquisition deal with Blackstone (NYSE:) and Vista Equity Partners, a transaction valued at approximately $8.4 billion. This development has led to several changes in stock ratings, with UBS downgrading Smartsheet stock from Buy to Neutral, while RBC Capital raised its price target for Smartsheet to $56.50.
Furthermore, Smartsheet reported a 17% increase in revenue for the second quarter of fiscal year 2025, totaling $276.4 million, and a similar rise in its annualized recurring revenue, reaching $1.093 billion. These are important developments in the company’s financial performance.
Simultaneously, Smartsheet’s Chief Operating Officer, Stephen Branstetter, transitioned to an advisory role as part of the company’s recent restructuring. These recent developments mark a new phase for Smartsheet as it transitions from a public entity to a privately held company under the ownership of Blackstone and Vista Equity.
InvestingPro Insights
Smartsheet’s recent achievement of a new 52-week high aligns with several key insights from InvestingPro. The company’s stock is currently trading near its 52-week high, with a strong return of 17.91% over the last three months and an impressive 45.7% over the past six months. This upward trajectory is supported by positive analyst sentiment, with InvestingPro Tips indicating that 9 analysts have revised their earnings upwards for the upcoming period.
Despite not being profitable over the last twelve months, Smartsheet boasts impressive gross profit margins of 81.61%, showcasing its ability to maintain pricing power in the competitive cloud-based solutions market. The company’s revenue growth of 20.16% in the last twelve months as of Q2 2025 further underscores its expanding market presence.
For investors seeking a deeper understanding of Smartsheet’s financial health and growth prospects, InvestingPro offers 11 additional tips, providing a comprehensive analysis to inform investment decisions.
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