Artificial intelligence-enhanced work management platform Smartsheet was sold for $8.4 billion. The deal, first announced in September and completed Wednesday (Jan. 22), makes Smartsheet a private company, held by funds managed by asset manager Blackstone and investment group Vista Equity Partners, according to a Wednesday press release.
Smartsheet is a private company again.
Smartsheet (SMAR -0.08%), a leader in collaborative work management software, released earnings for its fiscal 2025's third quarter on Dec. 5. Notably, the company also agreed to be acquired during the quarter.
While the top- and bottom-line numbers for Smartsheet (SMAR) give a sense of how the business performed in the quarter ended October 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Smartsheet (SMAR) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.16 per share a year ago.
Smartsheet reported its third quarter earnings, with revenue rising 17% to $286.
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 (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.
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 [email protected] or [email protected].
Does Smartsheet (SMAR) have what it takes to be a top stock pick for momentum investors? Let's find out.
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 [email protected] or [email protected].
Smartsheet is allowed to solicit other potential acquirers after announcing a $8.