Smartsheet Inc (NYSE:SMAR) Shares Purchased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC boosted its holdings in Smartsheet Inc (NYSE:SMAR) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 66,089 shares of the company’s stock after buying an additional 4,325 shares during the period. Motley Fool Asset Management LLC’s holdings in Smartsheet were worth $3,703,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SMAR. Vanguard Group Inc. boosted its position in shares of Smartsheet by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 14,235,855 shares of the company’s stock worth $797,635,000 after acquiring an additional 365,851 shares during the last quarter. State Street Corp raised its stake in Smartsheet by 6.2% during the third quarter. State Street Corp now owns 2,492,949 shares of the company’s stock worth $138,010,000 after purchasing an additional 146,353 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Smartsheet by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 2,249,238 shares of the company’s stock valued at $126,065,000 after purchasing an additional 18,188 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Smartsheet by 47.8% during the 4th quarter. JPMorgan Chase & Co. now owns 2,054,433 shares of the company’s stock valued at $115,110,000 after buying an additional 664,871 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Smartsheet by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,282,883 shares of the company’s stock worth $71,880,000 after buying an additional 4,218 shares during the last quarter. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Smartsheet Price Performance

NYSE SMAR opened at $56.47 on Thursday. Smartsheet Inc has a fifty-two week low of $36.27 and a fifty-two week high of $56.55. The business has a 50 day moving average price of $56.47 and a two-hundred day moving average price of $55.98. The stock 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.

Insider Activity

In other Smartsheet news, CEO Mark Patrick Mader sold 5,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were 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 $34,736,206.05. The trade was a 0.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 4.52% of the company’s stock.

Analyst Ratings Changes

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

Smartsheet Company 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.