National Bank of Canada FI Trims Holdings in Smartsheet Inc (NYSE:SMAR)

National Bank of Canada FI reduced its position in shares of Smartsheet Inc (NYSE:SMAR) by 87.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,063 shares of the company’s stock after selling 21,937 shares during the period. National Bank of Canada FI’s holdings in Smartsheet were worth $172,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SMAR. Janus Henderson Group PLC lifted its position in Smartsheet by 11.3% during the third quarter. Janus Henderson Group PLC now owns 63,284 shares of the company’s stock worth $3,502,000 after buying an additional 6,407 shares during the period. State Street Corp lifted its holdings in shares of Smartsheet by 6.2% during the 3rd quarter. State Street Corp now owns 2,492,949 shares of the company’s stock worth $138,010,000 after acquiring an additional 146,353 shares during the period. EP Wealth Advisors LLC purchased a new position in shares of Smartsheet during the 3rd quarter worth about $264,000. MML Investors Services LLC acquired a new stake in shares of Smartsheet in the third quarter worth approximately $333,000. Finally, Public Employees Retirement System of Ohio grew its holdings in Smartsheet by 71.8% in the third quarter. Public Employees Retirement System of Ohio now owns 83,060 shares of the company’s stock valued at $4,598,000 after purchasing an additional 34,723 shares during the period. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Smartsheet Price Performance

NYSE:SMAR opened at $56.47 on Friday. The company 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. The firm’s 50 day moving average is $56.47 and its two-hundred day moving average is $56.18. Smartsheet Inc has a fifty-two week low of $36.27 and a fifty-two week high of $56.55.

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.