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

Clarius Group LLC lifted its position in Smartsheet Inc (NYSE:SMAR) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 150,897 shares of the company’s stock after buying an additional 6,685 shares during the period. Smartsheet comprises 0.6% of Clarius Group LLC’s portfolio, making the stock its 27th largest holding. Clarius Group LLC owned about 0.11% of Smartsheet worth $8,455,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC increased its holdings in Smartsheet by 188.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,349,639 shares of the company’s stock worth $58,844,000 after buying an additional 881,004 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Smartsheet by 2,767.1% during the third quarter. Citigroup Inc. now owns 823,501 shares of the company’s stock valued at $45,589,000 after purchasing an additional 794,779 shares during the last quarter. Polar Asset Management Partners Inc. bought a new position in Smartsheet during the third quarter valued at approximately $39,029,000. Engaged Capital LLC purchased a new stake in Smartsheet in the second quarter worth approximately $29,600,000. Finally, Marshall Wace LLP grew its position in Smartsheet by 40.9% in the 2nd quarter. Marshall Wace LLP now owns 1,835,994 shares of the company’s stock worth $80,931,000 after purchasing an additional 533,278 shares during the period. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Insider Buying and Selling

In other news, CEO Mark Patrick Mader sold 47,916 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $55.96, for a total transaction of $2,681,379.36. Following the sale, the chief executive officer now directly owns 624,356 shares of the company’s stock, valued at $34,938,961.76. This represents a 7.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jolene Lau Marshall sold 3,205 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $55.92, for a total value of $179,223.60. Following the transaction, the insider now owns 18,695 shares of the company’s stock, valued at $1,045,424.40. This represents a 14.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,121 shares of company stock worth $3,645,543. 4.52% of the stock is owned by insiders.

Smartsheet Price Performance

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 stock’s 50 day moving average is $56.05 and its 200 day moving average is $52.66.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. William Blair reissued a “market perform” rating on shares of Smartsheet in a report on Wednesday, September 25th. Wells Fargo & Company reissued an “equal weight” rating and issued a $57.00 target price on shares of Smartsheet in a research report on Tuesday, September 24th. Guggenheim lowered shares of Smartsheet from a “buy” rating to a “neutral” rating in a research report on Monday, November 11th. BMO Capital Markets reissued a “market perform” rating and issued a $56.50 price objective (down previously from $59.00) on shares of Smartsheet in a report on Wednesday, September 25th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Smartsheet in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $55.82.

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.