- Shares of work execution platform Smartsheet recently fell 15% intraday when it tightened the time range for achieving $1 billion revenue to the backend of the prior range.
- With significant secular tailwinds, the company is approaching breakeven on a cash flow basis and is projected to grow revenue 41% in FY22 (ending January 31, 2022) versus FY21.
- Recent insider buying after the $1 billion revenue timeline revision merited a deeper dive.
- A full investment analysis and recommendation follow in the paragraphs below.
For further details see:
Sizing Up Smartsheet Inc.