Marshall Wace LLP Boosts Position in Smartsheet Inc (NYSE:SMAR)

Marshall Wace LLP raised its stake in Smartsheet Inc (NYSE:SMAR) by 381.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 376,875 shares of the company’s stock after buying an additional 298,572 shares during the period. Marshall Wace LLP’s holdings in Smartsheet were worth $21,116,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Ironwood Investment Management LLC raised its stake in shares of Smartsheet by 1.6% during the fourth quarter. Ironwood Investment Management LLC now owns 11,635 shares of the company’s stock valued at $652,000 after acquiring an additional 183 shares in the last quarter. Guggenheim Capital LLC grew its stake in Smartsheet by 0.9% in the fourth quarter. Guggenheim Capital LLC now owns 23,653 shares of the company’s stock worth $1,325,000 after purchasing an additional 205 shares in the last quarter. Amalgamated Bank increased its holdings in Smartsheet by 2.6% during the 4th quarter. Amalgamated Bank now owns 8,709 shares of the company’s stock worth $488,000 after purchasing an additional 217 shares during the period. CIBC Asset Management Inc increased its holdings in Smartsheet by 5.7% during the 4th quarter. CIBC Asset Management Inc now owns 4,242 shares of the company’s stock worth $238,000 after purchasing an additional 227 shares during the period. Finally, Jump Financial LLC raised its position in Smartsheet by 6.3% during the 4th quarter. Jump Financial LLC now owns 3,925 shares of the company’s stock valued at $220,000 after purchasing an additional 233 shares in 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. Smartsheet Inc has a twelve month low of $36.56 and a twelve month high of $56.55. The stock has a fifty day simple moving average of $56.47 and a two-hundred day simple moving average of $56.23. The stock has a market capitalization of $7.91 billion, a price-to-earnings ratio of -941.17, a P/E/G ratio of 82.90 and a beta of 0.71.

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.