Russell Investments Group Ltd. Has $305,000 Stock Position in Smartsheet Inc (NYSE:SMAR)

Russell Investments Group Ltd. reduced its stake in shares of Smartsheet Inc (NYSE:SMAR) by 95.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,445 shares of the company’s stock after selling 125,296 shares during the quarter. Russell Investments Group Ltd.’s holdings in Smartsheet were worth $305,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC raised its holdings in shares of Smartsheet by 197.3% in the 3rd quarter. Barclays PLC now owns 537,408 shares of the company’s stock worth $29,749,000 after buying an additional 356,624 shares in the last quarter. Virtu Financial LLC acquired a new position in Smartsheet during the third quarter worth $695,000. Tidal Investments LLC lifted its holdings in shares of Smartsheet by 38.4% during the third quarter. Tidal Investments LLC now owns 30,337 shares of the company’s stock valued at $1,679,000 after acquiring an additional 8,424 shares during the period. Synovus Financial Corp boosted its stake in shares of Smartsheet by 4.1% in the 3rd quarter. Synovus Financial Corp now owns 11,854 shares of the company’s stock valued at $656,000 after purchasing an additional 471 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Smartsheet by 2.4% in the 3rd quarter. Principal Financial Group Inc. now owns 11,538 shares of the company’s stock valued at $639,000 after purchasing an additional 266 shares in the last quarter. 90.01% of the stock is owned by institutional investors.

Smartsheet Price Performance

NYSE SMAR opened at $56.47 on Friday. The stock’s 50 day simple moving average is $56.47 and its 200 day simple moving average is $56.25. Smartsheet Inc has a one year low of $36.56 and a one year high of $56.55. The firm has a market cap 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 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.