Smartsheet Inc (NYSE:SMAR) Shares Sold by Blair William & Co. IL

Blair William & Co. IL reduced its holdings in shares of Smartsheet Inc (NYSE:SMAR) by 13.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,902 shares of the company’s stock after selling 9,905 shares during the period. Blair William & Co. IL’s holdings in Smartsheet were worth $3,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its holdings in shares of Smartsheet by 2.0% in the third quarter. The Manufacturers Life Insurance Company now owns 33,463 shares of the company’s stock worth $1,853,000 after buying an additional 661 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Smartsheet by 3.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 20,359 shares of the company’s stock worth $1,127,000 after acquiring an additional 654 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Smartsheet during the 3rd quarter worth about $1,659,000. MetLife Investment Management LLC raised its stake in shares of Smartsheet by 3.4% in the third quarter. MetLife Investment Management LLC now owns 8,428 shares of the company’s stock worth $467,000 after purchasing an additional 280 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Smartsheet by 3.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,307 shares of the company’s stock worth $1,622,000 after purchasing an additional 952 shares during the period. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Smartsheet Price Performance

Shares of Smartsheet stock opened at $56.47 on Tuesday. The firm has a market cap of $7.91 billion, a PE ratio of -941.17, a P/E/G ratio of 82.90 and a beta of 0.71. Smartsheet Inc has a twelve month low of $36.27 and a twelve month high of $56.55. The business has a 50-day moving average price of $56.47 and a 200 day moving average price of $55.94.

Insider Activity

In other Smartsheet news, CEO Mark Patrick Mader sold 5,000 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.07, for a total value of $280,350.00. Following the transaction, the chief executive officer now owns 619,515 shares in the company, valued at approximately $34,736,206.05. This trade represents a 0.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jolene Lau Marshall sold 2,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $56.18, for a total transaction of $112,360.00. Following the transaction, the insider now owns 17,739 shares in the company, valued at $996,577.02. The trade was a 10.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reissued a “hold” rating on shares of Smartsheet in a research report on Friday, December 6th. Sixteen analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $57.00.

Smartsheet Profile

Smartsheet, Inc engages in managing and automating collaborative work. Its platform provides solutions that eliminate the obstacles to capturing information, including a familiar and intuitive spreadsheet interface as well as easily customizable forms. The company was founded by W. Eric Browne, Maria Colacurcio, John D.