Neuberger Berman Group LLC Has $25.03 Million Stock Position in Smartsheet Inc (NYSE:SMAR)

Neuberger Berman Group LLC lessened its holdings in Smartsheet Inc (NYSE:SMAR) by 40.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 446,661 shares of the company’s stock after selling 301,672 shares during the period. Neuberger Berman Group LLC’s holdings in Smartsheet were worth $25,026,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. FNY Investment Advisers LLC raised its holdings in Smartsheet by 1,399.7% during the fourth quarter. FNY Investment Advisers LLC now owns 75,254 shares of the company’s stock valued at $4,216,000 after buying an additional 70,236 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Smartsheet by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 14,235,855 shares of the company’s stock valued at $797,635,000 after acquiring an additional 365,851 shares during the last quarter. Syquant Capital Sas bought a new position in shares of Smartsheet in the 4th quarter valued at approximately $15,428,000. Nordea Investment Management AB lifted its holdings in Smartsheet by 11.0% in the 4th quarter. Nordea Investment Management AB now owns 196,922 shares of the company’s stock worth $11,031,000 after purchasing an additional 19,563 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Smartsheet by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,282,883 shares of the company’s stock worth $71,880,000 after purchasing an additional 4,218 shares during the period. Institutional investors and hedge funds own 90.01% of the company’s stock.

Smartsheet Price Performance

Shares of SMAR stock opened at $56.47 on Friday. Smartsheet Inc has a 12 month low of $36.27 and a 12 month high of $56.55. The company has a market cap of $7.91 billion, a PE ratio of -941.17, a price-to-earnings-growth ratio of 82.90 and a beta of 0.71. The business’s 50 day moving average is $56.47 and its two-hundred day moving average is $56.18.

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.