Hudson Bay Capital Management LP increased its position in Smartsheet Inc (NYSE:SMAR – Free Report) by 128.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 439,041 shares of the company’s stock after buying an additional 246,748 shares during the period. Hudson Bay Capital Management LP’s holdings in Smartsheet were worth $24,599,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SMAR. SBI Securities Co. Ltd. acquired a new stake in Smartsheet in the 4th quarter worth approximately $25,000. Fifth Third Bancorp acquired a new position in Smartsheet in the 4th quarter valued at $26,000. EverSource Wealth Advisors LLC grew its stake in Smartsheet by 737.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 536 shares of the company’s stock valued at $30,000 after buying an additional 472 shares during the last quarter. Colonial Trust Co SC bought a new position in Smartsheet in the 4th quarter worth $43,000. Finally, Itau Unibanco Holding S.A. bought a new stake in Smartsheet during the fourth quarter valued at about $47,000. Institutional investors own 90.01% of the company’s stock.
Smartsheet Stock Performance
Smartsheet stock opened at $56.47 on Friday. The business’s 50-day simple moving average is $56.47 and its 200-day simple moving average is $56.30. Smartsheet Inc has a 52 week low of $36.56 and a 52 week high of $56.55. The firm has a market capitalization of $7.91 billion, a PE ratio of -941.17, a PEG 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.
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