Why Smartsheet Shares Are Trading Higher By 13%; Here Are 20 Stocks Moving Premarket

Author: Avi Kapoor | June 06, 2024 08:16am

Shares of Smartsheet Inc. (NYSE:SMAR) rose sharply in today's pre-market trading after the company reported better-than-expected first-quarter financial results and announced an inaugural $150 million share repurchase program.

Smartsheet reported quarterly earnings of 32 cents per share which beat the analyst consensus estimate of 27 cents per share. The company reported quarterly sales of $263.00 million which beat the analyst consensus estimate of $258.28 million, according to data from Benzinga Pro.

The company also announced that its board authorized the repurchase of up to $150 million of its common stock.

Smartsheet shares jumped 13.1% to $42.71in the pre-market trading session.

Here are some other stocks moving in pre-market trading.

Gainers

Virax Biolabs Group Limited (NASDAQ:VRAX) rose 176.4% to $2.93 in today's pre-market trading.
Aethlon Medical, Inc. (NASDAQ:AEMD) gained 80.7% to $0.7925 in pre-market trading after jumping 7% on Wednesday.
Latam Logistic Properties, S.A. (NYSE:LPA) shares gained 54.7% to $48.96 in pre-market trading after dipping around 83% on Wednesday.
Motorsport Games Inc. (NASDAQ:MSGM) gained 49.6% to $3.50 in pre-market trading. Motorsport Games said it regained compliance with continued listing requirements of Nasdaq Stock Market.
Nauticus Robotics, Inc. (NASDAQ:KITT) shares rose 29.5% to $0.1787 in pre-market trading after gaining around 20% on Wednesday. Nauticus Robotics, last month, announced a deal with H.C. Wainwright & Co to sell shares under an at-the-market offering.
iSpecimen Inc. (NASDAQ:ISPC) rose 23.1% to $0.3950 in pre-market trading after declining 4% on Wednesday.
Zoomcar Holdings, Inc. (NASDAQ:ZCAR) shares rose 18.7% to $0.1793 in pre-market trading after falling over 4% on Wednesday.
The Real Good Food Company, Inc. (NASDAQ:RGF) gained 17.4% to $0.7396 in pre-market trading after jumping over 10% on Wednesday.
Lululemon Athletica Inc. (NASDAQ:LULU) shares climbed 9% to $336.00 in pre-market trading as the company reported upbeat financial results for its first quarter and authorized a $1 billion increase in its stock repurchase program.

Losers

Actelis Networks, Inc. (NASDAQ:ASNS) shares declined 44.9% to $2.05 in pre-market trading. Actelis announced exercise of warrants for $3 million gross proceeds.
Fresh2 Group Limited (NASDAQ:FRES) shares declined 23.8% to $0.4610 in pre-market trading after surging over 35% on Wednesday.
Jowell Global Ltd. (NASDAQ:JWEL) shares dipped 21.4% to $1.76 in pre-market trading after jumping over 98% on Wednesday.
Sprinklr, Inc. (NYSE:CXM) shares fell 19.3% to $8.75 in pre-market trading after the company reported its first-quarter financial results and appointed a new co-CEO Wednesday.
ENDRA Life Sciences Inc. (NASDAQ:NDRA) shares fell 19.3% to $0.1120 in pre-market trading after gaining 63% on Wednesday. ENDRA Life Sciences recently announced the pricing of an $8 million public offering.
Asset Entities Inc. (NASDAQ:ASST) fell 17.8% to $0.45 in pre-market trading after gaining around 25% on Wednesday.
InMed Pharmaceuticals Inc. (NASDAQ:INM) shares fell 17.7% to $0.2498 in pre-market trading after gaining 5% on Wednesday.
Nuvve Holding Corp. (NASDAQ:NVVE) shares fell 17.2% to $0.7170 in pre-market trading after jumping 53% on Wednesday.
Five Below, Inc. (NASDAQ:FIVE) shares declined 16.4% to $110.85 in pre-market trading after the company posted downbeat first-quarter results and lowered FY guidance.
Masimo Corporation (NASDAQ:MASI) shares fell 11.7% to $110.00 in pre-market trading after declining over 4% on Wednesday.