Vontobel Holding Ltd. Has $1.35 Million Holdings in Smartsheet Inc (NYSE:SMAR)

Vontobel Holding Ltd. lifted its holdings in Smartsheet Inc (NYSE:SMAR) by 124.3% during the 4th quarter, HoldingsChannel reports. The fund owned 28,304 shares of the company’s stock after acquiring an additional 15,685 shares during the quarter. Vontobel Holding Ltd.’s holdings in Smartsheet were worth $1,353,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital World Investors grew its stake in Smartsheet by 11.2% during the first quarter. Capital World Investors now owns 15,316,599 shares of the company’s stock worth $839,084,000 after buying an additional 1,542,891 shares in the last quarter. Vanguard Group Inc. grew its stake in Smartsheet by 2.0% during the third quarter. Vanguard Group Inc. now owns 13,307,701 shares of the company’s stock worth $538,430,000 after buying an additional 261,836 shares in the last quarter. BlackRock Inc. grew its stake in Smartsheet by 1.9% during the second quarter. BlackRock Inc. now owns 7,044,582 shares of the company’s stock worth $269,526,000 after buying an additional 130,431 shares in the last quarter. Eminence Capital LP grew its stake in Smartsheet by 58.3% during the third quarter. Eminence Capital LP now owns 3,329,155 shares of the company’s stock worth $134,698,000 after buying an additional 1,226,189 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Smartsheet by 81.6% during the second quarter. Goldman Sachs Group Inc. now owns 2,808,651 shares of the company’s stock worth $88,276,000 after buying an additional 1,262,177 shares in the last quarter. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Smartsheet

In other news, insider Jolene Lau Marshall sold 2,247 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $45.03, for a total transaction of $101,182.41. Following the completion of the sale, the insider now owns 12,129 shares of the company’s stock, valued at approximately $546,168.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Jolene Lau Marshall sold 2,247 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $45.03, for a total transaction of $101,182.41. Following the completion of the sale, the insider now owns 12,129 shares of the company’s stock, valued at approximately $546,168.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Michael Arntz sold 7,572 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $44.81, for a total transaction of $339,301.32. Following the sale, the executive now directly owns 7,148 shares of the company’s stock, valued at approximately $320,301.88. The disclosure for this sale can be found here. Insiders sold a total of 33,387 shares of company stock valued at $1,355,207 in the last quarter. 4.71% of the stock is currently owned by company insiders.

Smartsheet Stock Performance

Smartsheet stock opened at $36.80 on Friday. Smartsheet Inc has a 52-week low of $35.52 and a 52-week high of $52.81. The firm has a 50 day moving average price of $40.40 and a two-hundred day moving average price of $42.68.

Smartsheet (NYSE:SMAR) last released its quarterly earnings results on Thursday, March 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.17. Smartsheet had a negative net margin of 10.92% and a negative return on equity of 16.57%. The firm had revenue of $256.95 million during the quarter, compared to analyst estimates of $254.99 million. Equities analysts expect that Smartsheet Inc will post -0.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SMAR shares. Bank of America started coverage on shares of Smartsheet in a research note on Monday, February 26th. They set an “underperform” rating and a $45.00 price objective on the stock. UBS Group dropped their target price on shares of Smartsheet from $60.00 to $54.00 and set a “buy” rating for the company in a report on Friday, March 15th. Citigroup raised shares of Smartsheet from a “neutral” rating to a “buy” rating and increased their target price for the stock from $56.00 to $63.00 in a report on Thursday, January 11th. Jefferies Financial Group dropped their target price on shares of Smartsheet from $57.00 to $50.00 and set a “buy” rating for the company in a report on Friday, March 15th. Finally, KeyCorp initiated coverage on shares of Smartsheet in a report on Thursday, March 21st. They issued a “sector weight” rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Smartsheet currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.75.

Smartsheet Company 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.