Sherbrooke Park Advisers LLC Sells 21,919 Shares of Smartsheet Inc (NYSE:SMAR)

Sherbrooke Park Advisers LLC trimmed its holdings in Smartsheet Inc (NYSE:SMAR) by 50.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,882 shares of the company’s stock after selling 21,919 shares during the period. Smartsheet comprises about 0.4% of Sherbrooke Park Advisers LLC’s investment portfolio, making the stock its 26th largest holding. Sherbrooke Park Advisers LLC’s holdings in Smartsheet were worth $1,226,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Smartsheet by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 14,235,855 shares of the company’s stock valued at $797,635,000 after purchasing an additional 365,851 shares in the last quarter. Pentwater Capital Management LP lifted its stake in Smartsheet by 53.3% in the 4th quarter. Pentwater Capital Management LP now owns 8,950,000 shares of the company’s stock valued at $501,468,000 after acquiring an additional 3,112,000 shares in the last quarter. FIL Ltd boosted its position in Smartsheet by 33.5% during the 4th quarter. FIL Ltd now owns 3,116,000 shares of the company’s stock worth $174,589,000 after acquiring an additional 781,300 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Smartsheet by 82.3% during the 4th quarter. AQR Capital Management LLC now owns 3,091,210 shares of the company’s stock worth $173,123,000 after acquiring an additional 1,395,165 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of 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 purchasing an additional 18,188 shares during the last quarter. 90.01% of the stock is currently owned by institutional investors.

Smartsheet Stock Performance

Shares of SMAR stock opened at $56.47 on Friday. The firm’s fifty day moving average price is $56.47 and its two-hundred day moving average price is $56.31. Smartsheet Inc has a 1 year low of $36.56 and a 1 year high of $56.55. The firm has a market capitalization of $7.91 billion, a P/E ratio of -941.17, a PEG 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.