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

Motley Fool Asset Management LLC grew its holdings in shares of Smartsheet Inc (NYSE:SMAR) by 7.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,089 shares of the company’s stock after purchasing 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 institutional investors and hedge funds also recently added to or reduced their stakes in SMAR. Trexquant Investment LP boosted its stake in shares of Smartsheet by 307.6% in the fourth quarter. Trexquant Investment LP now owns 181,561 shares of the company’s stock valued at $10,173,000 after buying an additional 137,014 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Smartsheet by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 2,249,238 shares of the company’s stock valued at $126,065,000 after acquiring an additional 18,188 shares during the period. Franklin Resources Inc. boosted its position in shares of Smartsheet by 97.9% during the 4th quarter. Franklin Resources Inc. now owns 104,955 shares of the company’s stock worth $5,881,000 after purchasing an additional 51,934 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Smartsheet by 447.1% during the 4th quarter. Alliancebernstein L.P. now owns 598,762 shares of the company’s stock worth $33,549,000 after purchasing an additional 489,321 shares during the period. Finally, California Public Employees Retirement System increased its holdings in shares of Smartsheet by 170.6% in the 4th quarter. California Public Employees Retirement System now owns 610,289 shares of the company’s stock valued at $34,194,000 after purchasing an additional 384,753 shares in the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

Smartsheet Stock Performance

Smartsheet stock 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 company has a market capitalization of $7.91 billion, a price-to-earnings ratio of -941.17, a PEG ratio of 82.90 and a beta of 0.71. The stock has a fifty day moving average of $56.47 and a two-hundred day moving average of $55.98.

Wall Street Analysts Forecast Growth

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

Insider Activity at Smartsheet

In other Smartsheet news, CEO Mark Patrick Mader sold 5,000 shares of the company’s stock in a transaction dated 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 directly owns 619,515 shares in the company, valued at approximately $34,736,206.05. This represents a 0.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.52% of the company’s stock.

About Smartsheet

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.