Marshall Wace LLP Increases Holdings in Smartsheet Inc (NYSE:SMAR)

Marshall Wace LLP lifted its holdings in Smartsheet Inc (NYSE:SMAR) by 381.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 376,875 shares of the company’s stock after acquiring an additional 298,572 shares during the period. Marshall Wace LLP owned 0.27% of Smartsheet worth $21,116,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ironwood Investment Management LLC boosted its holdings in shares of 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 during the period. Guggenheim Capital LLC lifted its position in Smartsheet by 0.9% in the fourth quarter. Guggenheim Capital LLC now owns 23,653 shares of the company’s stock worth $1,325,000 after buying an additional 205 shares during the last quarter. Amalgamated Bank boosted its stake in Smartsheet by 2.6% during the fourth quarter. Amalgamated Bank now owns 8,709 shares of the company’s stock worth $488,000 after buying an additional 217 shares during the period. CIBC Asset Management Inc boosted its stake in Smartsheet by 5.7% during the fourth 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 period. Finally, Jump Financial LLC increased its position in Smartsheet by 6.3% during the fourth quarter. Jump Financial LLC now owns 3,925 shares of the company’s stock valued at $220,000 after acquiring an additional 233 shares during the last quarter. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Smartsheet Stock Performance

Smartsheet stock opened at $56.47 on Friday. Smartsheet Inc has a 12-month low of $36.56 and a 12-month high of $56.55. The firm has a 50-day moving average price of $56.47 and a 200-day moving average price of $56.23. The firm has a market capitalization 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.

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.