ClearAlpha Technologies LP Acquires 22,794 Shares of Smartsheet Inc (NYSE:SMAR)

ClearAlpha Technologies LP increased its holdings in Smartsheet Inc (NYSE:SMAR) by 40.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,555 shares of the company’s stock after purchasing an additional 22,794 shares during the period. Smartsheet makes up 3.0% of ClearAlpha Technologies LP’s portfolio, making the stock its 11th biggest position. ClearAlpha Technologies LP owned about 0.06% of Smartsheet worth $4,401,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SMAR. SBI Securities Co. Ltd. bought a new position in shares of Smartsheet during the 4th quarter worth approximately $25,000. Fifth Third Bancorp bought a new stake in shares of Smartsheet in the 4th quarter worth about $26,000. EverSource Wealth Advisors LLC increased its position in shares of Smartsheet by 737.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 536 shares of the company’s stock worth $30,000 after purchasing an additional 472 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in Smartsheet by 27.5% during the 4th quarter. Venturi Wealth Management LLC now owns 1,549 shares of the company’s stock valued at $87,000 after purchasing an additional 334 shares during the last quarter. Finally, IFP Advisors Inc grew its stake in Smartsheet by 592.2% during the fourth quarter. IFP Advisors Inc now owns 2,381 shares of the company’s stock worth $133,000 after buying an additional 2,037 shares during the last quarter. 90.01% of the stock is owned by institutional investors and hedge funds.

Smartsheet Stock Performance

NYSE:SMAR opened at $56.47 on Monday. The stock has a market capitalization of $7.91 billion, a P/E ratio of -941.17, a price-to-earnings-growth ratio of 82.90 and a beta of 0.71. Smartsheet Inc has a 1 year low of $36.56 and a 1 year high of $56.55. The firm has a 50 day moving average of $56.47 and a 200-day moving average of $56.24.

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.