Barclays PLC Boosts Holdings in Smartsheet Inc (NYSE:SMAR)

Barclays PLC increased its holdings in shares of Smartsheet Inc (NYSE:SMAR) by 51.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 815,954 shares of the company’s stock after buying an additional 278,546 shares during the period. Barclays PLC’s holdings in Smartsheet were worth $45,719,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. MML Investors Services LLC acquired a new stake in Smartsheet in the 3rd quarter valued at about $333,000. Virtu Financial LLC purchased a new stake in shares of Smartsheet during the third quarter worth approximately $695,000. Tidal Investments LLC increased its stake in shares of Smartsheet by 38.4% during the third quarter. Tidal Investments LLC now owns 30,337 shares of the company’s stock worth $1,679,000 after buying an additional 8,424 shares during the period. Synovus Financial Corp raised its holdings in Smartsheet by 4.1% in the third quarter. Synovus Financial Corp now owns 11,854 shares of the company’s stock valued at $656,000 after acquiring an additional 471 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Smartsheet by 2.4% in the third quarter. Principal Financial Group Inc. now owns 11,538 shares of the company’s stock worth $639,000 after acquiring an additional 266 shares during the last quarter. 90.01% of the stock is owned by hedge funds and other institutional investors.

Smartsheet Stock Performance

Shares of NYSE:SMAR opened at $56.47 on Friday. Smartsheet Inc has a 52 week low of $36.56 and a 52 week high of $56.55. The company’s 50 day moving average is $56.47 and its two-hundred day moving average is $56.22. The company has a market cap of $7.91 billion, a PE ratio of -941.17, a P/E/G 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.