Smartsheet Stock Forum

$Smartsheet (SMAR.US)$ being purchased for $8.4b - 7x CY24 sales / 36 FCF.  6x CY25 sales / 29x FCF.  Yowza.
SMAR is the "higher-end" work management SaaS solution that 1) has a ton of competition, 2) faces the existential $Microsoft (MSFT.US)$ deathstar risk, and 3) may need to navigate AI risk as it is a workflow solution.
Company has been decelerating rapidly to the mid-teens (net rev addition of 216m in CY22, 191m in CY23 and estimated 161m in CY24).  Let's say the 84% GM is sustainable, R&D ca...

Morning Movers
Gapping up
$Robinhood (HOOD.US)$ The online brokerage rose more than 3% after revealing a $200 million deal to purchase crypto exchange Bitstamp, expected to close in the first half of 2025.
$NVIDIA (NVDA.US)$ The artificial intelligence company traded 1.8% higher, building on momentum from a previous rally with Goldman Sachs maintaining its buy rating.
$Lululemon Athletica (LULU.US)$ The athleisure retailer jumpe...

Morning Movers
Gapping up
$Madrigal Pharmaceuticals (MDGL.US)$ stock jumped 25% after the U.S. Food and Drug Administration approved its drug for a fatty liver disease known as non-alcoholic steatohepatitis.
$Rivian Automotive (RIVN.US)$ stock rose 3.9% after Piper Sandler upgraded its stance on the EV manufacturer to overweight, citing growing excitement surrounding new product launches.
Gapping down
$Adobe (ADBE.US)$ stock f...

$Guidewire Software (GWRE.US)$ — Shares slipped 2% in extended trading after the insurance software company reported that revenue for the fiscal first quarter would miss analysts' estimates. Guidewire is calling for revenue of $197 million to $202 million, while analysts polled by FactSet anticipated $212.5 million.
$Smartsheet (SMAR.US)$ — Smartsheet's stock popped 6% after the work management software company beat analyst estimates for second-quarter...