Swiss National Bank Purchases 3,200 Shares of Smartsheet Inc (NYSE:SMAR)

Swiss National Bank raised its position in shares of Smartsheet Inc (NYSE:SMAR) by 1.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 260,000 shares of the company’s stock after purchasing an additional 3,200 shares during the quarter. Swiss National Bank owned 0.19% of Smartsheet worth $14,568,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in shares of Smartsheet during the fourth quarter valued at $25,000. Fifth Third Bancorp purchased a new position in Smartsheet in the 4th quarter worth about $26,000. Brooklyn Investment Group bought a new position in Smartsheet during the 3rd quarter valued at about $28,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Smartsheet by 737.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 536 shares of the company’s stock valued at $30,000 after acquiring an additional 472 shares during the last quarter. Finally, True Wealth Design LLC bought a new stake in shares of Smartsheet in the third quarter worth approximately $41,000. 90.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC restated a “hold” rating on shares of Smartsheet in a research report on Friday, December 6th. Seventeen investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $57.00.

Insider Transactions at Smartsheet

In other Smartsheet news, CEO Mark Patrick Mader sold 5,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.07, for a total value of $280,350.00. Following the completion of the sale, the chief executive officer now owns 619,515 shares in the company, valued at approximately $34,736,206.05. This represents a 0.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jolene Lau Marshall sold 2,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $56.18, for a total value of $112,360.00. Following the sale, the insider now directly owns 17,739 shares in the company, valued at approximately $996,577.02. This represents a 10.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.52% of the company’s stock.

Smartsheet Stock Performance

Shares of Smartsheet stock opened at $56.47 on Thursday. The stock’s fifty day moving average is $56.45 and its 200 day moving average is $55.54. Smartsheet Inc has a one year low of $36.27 and a one year high of $56.55. 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.