Smartsheet Announces $150 Million Share Repurchase Program
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 19 2024
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Source: newsfilter
- Smartsheet Stock Repurchase Program: Smartsheet's Board of Directors authorized the repurchase of up to $150 million of its Class A common stock through various methods.
- Program Details: The repurchase program has no minimum commitment, may last around twelve months, and allows for flexibility in timing and amount based on market conditions.
- Forward-Looking Statements Caution: The press release includes forward-looking statements about the stock repurchase program, subject to factors that could affect actual outcomes.
- Factors Affecting Repurchase: Factors influencing the repurchase decisions include market price, cash commitments, economic conditions, and other investment opportunities.
- About Smartsheet: Smartsheet is a work management platform used by millions globally, with a focus on driving performance and innovation.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
