Bessemer Group Inc. trimmed its holdings in Smartsheet Inc (NYSE:SMAR – Free Report) by 9.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,661 shares of the company’s stock after selling 3,640 shares during the quarter. Bessemer Group Inc.’s holdings in Smartsheet were worth $1,998,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new position in shares of Smartsheet in the fourth quarter worth $25,000. Fifth Third Bancorp acquired a new stake in Smartsheet in the fourth quarter worth about $26,000. EverSource Wealth Advisors LLC grew its position in Smartsheet by 737.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 536 shares of the company’s stock valued at $30,000 after buying an additional 472 shares in the last quarter. Venturi Wealth Management LLC increased its stake 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 buying an additional 334 shares during the period. Finally, IFP Advisors Inc increased its stake in Smartsheet by 592.2% during the 4th quarter. IFP Advisors Inc now owns 2,381 shares of the company’s stock valued at $133,000 after buying an additional 2,037 shares during the period. 90.01% of the stock is currently owned by institutional investors and hedge funds.
Smartsheet Stock Performance
Shares of NYSE:SMAR opened at $56.47 on Monday. The company has a 50 day moving average of $56.47 and a 200-day moving average of $56.20. The firm 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 Inc has a twelve month low of $36.27 and a twelve month 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.
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