Great West Life Assurance Co. Can Acquires Shares of 160,334 Smartsheet Inc (NYSE:SMAR)

Great West Life Assurance Co. Can acquired a new stake in shares of Smartsheet Inc (NYSE:SMARGet Rating) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 160,334 shares of the company’s stock, valued at approximately $5,516,000. Great West Life Assurance Co. Can owned 0.12% of Smartsheet at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lazard Asset Management LLC boosted 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 worth $62,000 after acquiring an additional 619 shares during the period. Assetmark Inc. raised its position in shares of Smartsheet by 9.3% in the second quarter. Assetmark Inc. now owns 7,583 shares of the company’s stock worth $238,000 after buying an additional 645 shares in the last quarter. Xponance Inc. raised its position in shares of Smartsheet by 4.6% in the second quarter. Xponance Inc. now owns 14,616 shares of the company’s stock worth $459,000 after buying an additional 646 shares in the last quarter. United Capital Financial Advisers LLC raised its position 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 worth $617,000 after buying an additional 770 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position 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 worth $585,000 after buying an additional 803 shares in the last quarter. 89.50% of the stock is owned by institutional investors.

Insider Buying and Selling at Smartsheet

In other news, insider Jolene Lau Marshall sold 6,001 shares of Smartsheet stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $31.45, for a total transaction of $188,731.45. Following the completion of the transaction, the insider now directly owns 12,501 shares in the company, valued at $393,156.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Pete Godbole sold 2,256 shares of the business’s 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 directly owns 18,229 shares in the company, valued at approximately $753,951.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jolene Lau Marshall sold 6,001 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $31.45, for a total transaction of $188,731.45. Following the completion of the transaction, the insider now owns 12,501 shares of the company’s stock, valued at $393,156.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,623 shares of company stock valued at $523,937. 4.58% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on SMAR. Citigroup increased their price objective on Smartsheet to $37.00 in a research report on Friday, December 2nd. BMO Capital Markets raised their price target on Smartsheet from $38.00 to $41.00 in a research report on Friday, December 2nd. KeyCorp began coverage on Smartsheet in a research report on Thursday, October 13th. They set an “overweight” rating and a $46.00 price target on the stock. Royal Bank of Canada raised their price target on Smartsheet from $32.00 to $36.00 in a research report on Friday, December 2nd. Finally, Barclays began coverage on Smartsheet in a research report on Thursday, December 15th. They set an “equal weight” rating and a $45.00 price target on the stock. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.17.

Smartsheet Price Performance

NYSE SMAR opened at $42.69 on Friday. Smartsheet Inc has a 1 year low of $25.09 and a 1 year high of $66.74. The business’s 50-day moving average is $36.66 and its 200 day moving average is $34.61.

Smartsheet (NYSE:SMARGet Rating) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $193.66 million. Smartsheet had a negative return on equity of 45.17% and a negative net margin of 31.75%. As a group, research analysts predict that Smartsheet Inc will post -1.66 EPS for the current fiscal year.

Smartsheet Company 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

Institutional Ownership by Quarter for Smartsheet (NYSE:SMAR)

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