Clarius Group LLC Buys 6,685 Shares of Smartsheet Inc (NYSE:SMAR)

Clarius Group LLC raised its stake in shares of Smartsheet Inc (NYSE:SMAR) by 4.6% during the fourth quarter, HoldingsChannel reports. The firm owned 150,897 shares of the company’s stock after buying an additional 6,685 shares during the quarter. Smartsheet comprises 0.6% of Clarius Group LLC’s holdings, making the stock its 27th largest position. Clarius Group LLC’s holdings in Smartsheet were worth $8,455,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Eminence Capital LP raised its holdings in Smartsheet by 9.2% during the 2nd quarter. Eminence Capital LP now owns 4,251,328 shares of the company’s stock valued at $187,399,000 after buying an additional 358,988 shares during the period. State Street Corp raised its stake in shares of Smartsheet by 6.2% in the third quarter. State Street Corp now owns 2,492,949 shares of the company’s stock valued at $138,010,000 after acquiring an additional 146,353 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Smartsheet by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,231,050 shares of the company’s stock worth $123,545,000 after acquiring an additional 52,293 shares during the last quarter. RGM Capital LLC boosted its stake in shares of Smartsheet by 7.6% during the 2nd quarter. RGM Capital LLC now owns 2,223,763 shares of the company’s stock worth $98,023,000 after purchasing an additional 156,817 shares during the period. Finally, Marshall Wace LLP grew its holdings in Smartsheet by 40.9% during the 2nd quarter. Marshall Wace LLP now owns 1,835,994 shares of the company’s stock valued at $80,931,000 after purchasing an additional 533,278 shares during the last quarter. 90.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on SMAR shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $56.50 price objective (down previously from $60.00) on shares of Smartsheet in a research note on Tuesday, September 24th. Canaccord Genuity Group restated a “hold” rating and set a $56.50 price objective (down previously from $60.00) on shares of Smartsheet in a report on Wednesday, September 25th. Wolfe Research reiterated a “peer perform” rating on shares of Smartsheet in a research note on Wednesday, September 25th. Wells Fargo & Company reiterated an “equal weight” rating and set a $57.00 target price on shares of Smartsheet in a research report on Tuesday, September 24th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $56.50 price target on shares of Smartsheet in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $55.82.

Smartsheet Trading Up 0.3 %

Shares of NYSE:SMAR opened at $56.47 on Friday. Smartsheet Inc has a 12-month low of $35.52 and a 12-month high of $56.55. The business’s fifty day simple moving average is $56.05 and its 200-day simple moving average is $52.66.

Insider Activity at Smartsheet

In other news, CEO Mark Patrick Mader sold 47,916 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $55.96, for a total value of $2,681,379.36. Following the completion of the sale, the chief executive officer now owns 624,356 shares of the company’s stock, valued at $34,938,961.76. This trade represents a 7.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jolene Lau Marshall sold 2,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were 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 in the company, valued at $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 65,121 shares of company stock valued at $3,645,543 over the last quarter. 4.52% of the stock is owned by corporate insiders.

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.