KRYGER CAPITAL Ltd Cuts Stake in Smartsheet Inc (NYSE:SMAR)

KRYGER CAPITAL Ltd lowered its holdings in shares of Smartsheet Inc (NYSE:SMAR) by 38.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 170,365 shares of the company’s stock after selling 104,635 shares during the quarter. Smartsheet accounts for 2.5% of KRYGER CAPITAL Ltd’s portfolio, making the stock its 9th biggest holding. KRYGER CAPITAL Ltd’s holdings in Smartsheet were worth $9,546,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SMAR. Treasurer of the State of North Carolina raised its holdings in shares of Smartsheet by 2.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 59,592 shares of the company’s stock valued at $3,339,000 after acquiring an additional 1,170 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Smartsheet in the fourth quarter valued at about $612,000. Abacus FCF Advisors LLC acquired a new position in shares of Smartsheet during the fourth quarter valued at about $877,000. Capula Management Ltd boosted its stake in Smartsheet by 110.0% in the 4th quarter. Capula Management Ltd now owns 455,678 shares of the company’s stock worth $25,532,000 after purchasing an additional 238,678 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Smartsheet by 157.1% during the 4th quarter. Renaissance Technologies LLC now owns 2,026,505 shares of the company’s stock worth $113,545,000 after purchasing an additional 1,238,300 shares during the last quarter. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Smartsheet Stock Performance

NYSE SMAR 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 fifty day simple moving average of $56.47 and a two-hundred day simple moving average of $56.18. The stock has a market cap of $7.91 billion, a P/E ratio of -941.17, a P/E/G ratio of 82.90 and a beta of 0.71.

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.