Schonfeld Strategic Advisors LLC Acquires 559,312 Shares of Smartsheet Inc (NYSE:SMAR)

Schonfeld Strategic Advisors LLC lifted its position in shares of Smartsheet Inc (NYSE:SMAR) by 137.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 966,318 shares of the company’s stock after buying an additional 559,312 shares during the quarter. Schonfeld Strategic Advisors LLC owned approximately 0.69% of Smartsheet worth $54,143,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SMAR. Ironwood Investment Management LLC lifted its stake in Smartsheet by 1.6% in the 4th quarter. Ironwood Investment Management LLC now owns 11,635 shares of the company’s stock worth $652,000 after purchasing an additional 183 shares in the last quarter. Guggenheim Capital LLC lifted its stake in Smartsheet by 0.9% in the 4th 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 shares of Smartsheet by 2.6% in the 4th quarter. Amalgamated Bank now owns 8,709 shares of the company’s stock worth $488,000 after buying an additional 217 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Smartsheet by 5.7% in the 4th quarter. CIBC Asset Management Inc now owns 4,242 shares of the company’s stock worth $238,000 after buying an additional 227 shares during the last quarter. Finally, Jump Financial LLC increased its holdings in shares of Smartsheet by 6.3% in the 4th quarter. Jump Financial LLC now owns 3,925 shares of the company’s stock worth $220,000 after buying an additional 233 shares during the last quarter. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Smartsheet Price Performance

Smartsheet stock opened at $56.47 on Tuesday. The company’s 50-day moving average price is $56.47 and its 200-day moving average price is $56.27. Smartsheet Inc has a twelve month low of $36.56 and a twelve month high of $56.55. The company has a market cap of $7.91 billion, a PE ratio of -941.17, a price-to-earnings-growth ratio of 82.90 and a beta of 0.71.

About Smartsheet

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.