Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...

SAN DIEGO, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP, a leading stockholder rights law firm, announced that it is investigating claims on behalf Smartsheet (NYSE:SMAR) shareholders concerning potential breaches of fiduciary duties related to the proposed sale of the Company to Blackstone and Vista Equity Partners. On September 24, 2024, Smartsheet officially announced its acceptance of an acquisition proposal from Blackstone and Vista Equity Partners, whereby shareholders are to be compensated ...

NEW YORK, Sept. 24, 2024 /PRNewswire/ --,Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and is investigating Smartsheet Inc. (NYSE: SMAR), relating to its proposed merger with Einstein Parent, Inc. Under the terms of the agreement, Smartsheet shareholders will be entitled to receive $56.50 in cash p ...

Key Takeaways Work management platform Smartsheet announced that it agreed to be taken over by Blackstone and Vista Equity Partners for $8.4 billion. The agreement gives Smartsheet investors $56.50 in cash for every share they own. Smartsheet shares soared more than 6% Tuesday afternoon after the acquisition news. Smartsheet (SMAR) shares jumped Tuesday after the work management platform said it agreed to be purchased by asset manager Blackstone (BX) and investment firm Vista Equity Partners for $8.4 billio ...

Core Viewpoint - Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Smartsheet, Inc. to Vista Equity Partners and Blackstone for $56.50 per share, which is below the price targets set by various Wall Street analysts [1][3]. Group 1: Sale Details - Smartsheet announced an agreement to be sold for $56.50 per share in cash on September 24, 2024 [2]. - The proposed sales price is lower than the price targets from several analysts, including $63.00 from Citi and $62.00 from Guggenheim [3]. Group 2: Investigation Purpose - The investigation aims to determine if the Smartsheet Board of Directors acted in the best interests of shareholders and if the agreed price is fair [3]. - It also seeks to confirm whether all material information regarding the transaction has been fully disclosed [3].

Ricky Sandler, founder of hedge fund Eminence Capital, at the 2014 Allen & Company Sun Valley Conference. (Photo by Scott Olson/Getty Images) Getty Images Smartsheet, an enterprise work management software platform, announced Tuesday that it will be acquired by Blackstone and Vista Equity Partners in an all-cash deal worth $8.4 billion. Shareholders will receive $56.50 per share, a 41% premium over the stock's average closing price for the past three months, according to a press release. Vista Equity Partne ...

Smartsheet NYSE: SMAR is a smart buy because of its growth, operational quality, cash flow, and capital return. That's why private equity firms are in talks to buy it; they see deep value in the business and its stock. The takeaway is that Smartsheet will either get taken over at a premium to today's prices or won't. If it does, investors stand to make a quick 10%, and the gains will be greater if it doesn't. Smartsheet Today | --- | --- | |----------------------|-------| | | | | | | | | | | SMAR | | | Smar ...

Smartsheet (SMAR) shares have outperformed the Zacks Computer & Technology sector and its Zacks Internet - Software industry peer Asana (ASAN) over the past month. While Smartsheet has moved up 5.4%, Asana, which is a competitor in the project management and collaboration market, has declined 10.3%. The broader sector has dropped 2.2% over the same timeframe. The uptick can be attributed to Smartsheet's growing customer base, enhanced product features, and the increasing adoption of AI tools. In the second ...

10'000 Hours Summary A brief update from my last coverage (17th July), I rated Smartsheet (NYSE:SMAR) a buy rating, with my key thesis being that SMAR has a strong competitive position in the industry, and it should be able to grow at >20% for the foreseeable future. While 2Q25 performance showed some weakness in the growth metrics, I still think the upside is attractive if investors have a medium-term horizon. The takeover news should also provide support for valuation. Earnings results update In the lates ...

Smartsheet (SMAR) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. Analysts' growing optimism on the earnings prospects of this maker of a cloud-based work-management platform is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estima ...