BNP Paribas Financial Markets Sells 2,382 Shares of Smartsheet Inc (NYSE:SMAR)

BNP Paribas Financial Markets cut its stake in shares of Smartsheet Inc (NYSE:SMAR) by 11.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,977 shares of the company’s stock after selling 2,382 shares during the period. BNP Paribas Financial Markets’ holdings in Smartsheet were worth $1,007,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pentwater Capital Management LP grew its stake in Smartsheet by 53.3% during the fourth quarter. Pentwater Capital Management LP now owns 8,950,000 shares of the company’s stock valued at $501,468,000 after acquiring an additional 3,112,000 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Smartsheet by 82.3% in the 4th quarter. AQR Capital Management LLC now owns 3,091,210 shares of the company’s stock valued at $173,123,000 after purchasing an additional 1,395,165 shares during the period. Renaissance Technologies LLC grew its position in shares of Smartsheet by 157.1% during the 4th quarter. Renaissance Technologies LLC now owns 2,026,505 shares of the company’s stock valued at $113,545,000 after purchasing an additional 1,238,300 shares in the last quarter. TIG Advisors LLC increased its holdings in shares of Smartsheet by 59.6% in the fourth quarter. TIG Advisors LLC now owns 2,102,724 shares of the company’s stock worth $117,816,000 after purchasing an additional 785,017 shares during the period. Finally, FIL Ltd increased its holdings in shares of Smartsheet by 33.5% in the fourth quarter. FIL Ltd now owns 3,116,000 shares of the company’s stock worth $174,589,000 after purchasing an additional 781,300 shares during the period. 90.01% of the stock is owned by hedge funds and other institutional investors.

Smartsheet Stock Performance

NYSE:SMAR opened at $56.47 on Wednesday. Smartsheet Inc has a 52-week low of $36.56 and a 52-week high of $56.55. The stock has a fifty day moving average of $56.47 and a 200 day moving average of $56.31. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of -941.17, a P/E/G 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.