Smartsheet Inc (NYSE:SMAR) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in shares of Smartsheet Inc (NYSE:SMAR) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,282,883 shares of the company’s stock after buying an additional 4,218 shares during the period. Charles Schwab Investment Management Inc. owned 0.92% of Smartsheet worth $71,880,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. US Bancorp DE boosted its stake in Smartsheet by 12.9% during the third quarter. US Bancorp DE now owns 1,749 shares of the company’s stock worth $97,000 after buying an additional 200 shares during the last quarter. Amalgamated Bank raised its position in Smartsheet by 2.6% in the fourth quarter. Amalgamated Bank now owns 8,709 shares of the company’s stock valued at $488,000 after purchasing an additional 217 shares during the period. Landscape Capital Management L.L.C. raised its position in Smartsheet by 0.3% in the third quarter. Landscape Capital Management L.L.C. now owns 83,016 shares of the company’s stock valued at $4,596,000 after purchasing an additional 225 shares during the period. CIBC Asset Management Inc raised its position in Smartsheet by 5.7% in the fourth quarter. CIBC Asset Management Inc now owns 4,242 shares of the company’s stock valued at $238,000 after purchasing an additional 227 shares during the period. Finally, First Horizon Advisors Inc. raised its position in Smartsheet by 25.5% in the third quarter. First Horizon Advisors Inc. now owns 1,122 shares of the company’s stock valued at $62,000 after purchasing an additional 228 shares during the period. Institutional investors and hedge funds own 90.01% of the company’s stock.

Analysts Set New Price Targets

Separately, Needham & Company LLC restated a “hold” rating on shares of Smartsheet in a research report on Friday, December 6th. Seventeen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Smartsheet presently has an average rating of “Hold” and a consensus price target of $56.50.

Insiders Place Their Bets

In other Smartsheet news, CEO Mark Patrick Mader sold 5,000 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.07, for a total transaction of $280,350.00. Following the sale, the chief executive officer now owns 619,515 shares in the company, valued at $34,736,206.05. This represents a 0.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jolene Lau Marshall sold 2,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $55.99, for a total value of $111,980.00. Following the transaction, the insider now directly owns 19,739 shares of the company’s stock, valued at approximately $1,105,186.61. This represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,916 shares of company stock worth $3,186,069 in the last quarter. 4.52% of the stock is owned by company insiders.

Smartsheet Stock Performance

SMAR stock opened at $56.47 on Wednesday. The company has a market capitalization of $7.91 billion, a PE ratio of -941.17, a P/E/G ratio of 82.90 and a beta of 0.71. Smartsheet Inc has a 12-month low of $35.52 and a 12-month high of $56.55. The business’s fifty day moving average price is $56.41 and its 200 day moving average price is $55.28.

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.