Stock Alert: Smartsheet Jumps 10%

(RTTNews) - Shares of cloud-based work management platform provider Smartsheet Inc. (SMAR) are up more than 10% Wednesday morning at $54.08. It has traded in the range of $30.91- $60.54 in the past one year.

On Monday the company said it has agreed to buy Brandfolder, digital asset management (DAM) platform provider for about $155 million, in cash and stock.

"Brandfolder's content capabilities coupled with Smartsheet's powerful workflow and collaboration features will provide teams with a dynamic solution to securely manage, share, and publish their content, empowering cross team and organization collaboration," said Mark Mader, CEO of Smartsheet.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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