Wipfli Financial Advisors LLC Takes $30,000 Position in Smartsheet Inc (NYSE:SMAR)

Wipfli Financial Advisors LLC bought a new stake in Smartsheet Inc (NYSE:SMARGet Rating) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 869 shares of the company’s stock, valued at approximately $30,000.

A number of other hedge funds also recently modified their holdings of the business. Lazard Asset Management LLC lifted its holdings in shares of Smartsheet by 44.7% in the second quarter. Lazard Asset Management LLC now owns 2,004 shares of the company’s stock valued at $62,000 after purchasing an additional 619 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Smartsheet by 9.3% in the second quarter. Assetmark Inc. now owns 7,583 shares of the company’s stock valued at $238,000 after purchasing an additional 645 shares in the last quarter. Xponance Inc. lifted its holdings in shares of Smartsheet by 4.6% in the second quarter. Xponance Inc. now owns 14,616 shares of the company’s stock valued at $459,000 after purchasing an additional 646 shares in the last quarter. United Capital Financial Advisers LLC lifted its holdings in shares of Smartsheet by 7.3% in the first quarter. United Capital Financial Advisers LLC now owns 11,270 shares of the company’s stock valued at $617,000 after purchasing an additional 770 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Smartsheet by 8.1% in the first quarter. PNC Financial Services Group Inc. now owns 10,683 shares of the company’s stock valued at $585,000 after purchasing an additional 803 shares in the last quarter. Hedge funds and other institutional investors own 89.50% of the company’s stock.

Insiders Place Their Bets

In other Smartsheet news, insider Jolene Lau Marshall sold 6,000 shares of the firm’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $30.90, for a total transaction of $185,400.00. Following the completion of the transaction, the insider now owns 12,501 shares in the company, valued at $386,280.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Pete Godbole sold 2,256 shares of Smartsheet stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $41.36, for a total value of $93,308.16. Following the completion of the transaction, the chief financial officer now owns 18,229 shares in the company, valued at $753,951.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jolene Lau Marshall sold 6,000 shares of Smartsheet stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $30.90, for a total transaction of $185,400.00. Following the completion of the transaction, the insider now owns 12,501 shares of the company’s stock, valued at approximately $386,280.90. The disclosure for this sale can be found here. Insiders sold a total of 15,623 shares of company stock worth $523,937 over the last quarter. Company insiders own 4.58% of the company’s stock.

Smartsheet Stock Performance

Shares of NYSE:SMAR opened at $41.63 on Friday. The company has a market cap of $5.47 billion, a P/E ratio of -23.65 and a beta of 1.07. The stock’s 50-day moving average is $36.43 and its 200-day moving average is $34.54. Smartsheet Inc has a 52-week low of $25.09 and a 52-week high of $66.74.

Smartsheet (NYSE:SMARGet Rating) last released its earnings results on Thursday, December 1st. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.51) by $0.21. The business had revenue of $199.58 million during the quarter, compared to analysts’ expectations of $193.66 million. Smartsheet had a negative net margin of 31.75% and a negative return on equity of 45.17%. As a group, equities analysts predict that Smartsheet Inc will post -1.66 EPS for the current year.

Wall Street Analysts Forecast Growth

SMAR has been the subject of a number of research analyst reports. Citigroup increased their target price on Smartsheet to $37.00 in a report on Friday, December 2nd. Royal Bank of Canada upped their price target on shares of Smartsheet from $32.00 to $36.00 in a research note on Friday, December 2nd. DA Davidson upped their price target on shares of Smartsheet from $40.00 to $45.00 in a research note on Friday, December 2nd. William Blair reaffirmed an “outperform” rating on shares of Smartsheet in a research note on Friday, September 23rd. Finally, BMO Capital Markets upped their price target on shares of Smartsheet from $38.00 to $41.00 in a research note on Friday, December 2nd. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Smartsheet has an average rating of “Moderate Buy” and a consensus price target of $47.17.

Smartsheet Profile

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding SMAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Smartsheet Inc (NYSE:SMARGet Rating).

Institutional Ownership by Quarter for Smartsheet (NYSE:SMAR)

Receive News & Ratings for Smartsheet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smartsheet and related companies with MarketBeat.com's FREE daily email newsletter.