Trexquant Investment LP Buys 137,014 Shares of Smartsheet Inc (NYSE:SMAR)

Trexquant Investment LP grew its position in Smartsheet Inc (NYSE:SMAR) by 307.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 181,561 shares of the company’s stock after purchasing an additional 137,014 shares during the period. Trexquant Investment LP owned about 0.13% of Smartsheet worth $10,173,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in SMAR. Vanguard Group Inc. raised its stake in shares of Smartsheet by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 14,235,855 shares of the company’s stock valued at $797,635,000 after acquiring an additional 365,851 shares during the last quarter. State Street Corp lifted its holdings in Smartsheet by 6.2% during the 3rd quarter. State Street Corp now owns 2,492,949 shares of the company’s stock worth $138,010,000 after buying an additional 146,353 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Smartsheet by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 2,249,238 shares of the company’s stock valued at $126,065,000 after acquiring an additional 18,188 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Smartsheet by 47.8% during the 4th quarter. JPMorgan Chase & Co. now owns 2,054,433 shares of the company’s stock worth $115,110,000 after buying an additional 664,871 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Smartsheet by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,282,883 shares of the company’s stock valued at $71,880,000 after buying an additional 4,218 shares during the period. Institutional investors own 90.01% of the company’s stock.

Smartsheet Price Performance

Smartsheet stock opened at $56.47 on Thursday. The company has a 50 day moving average of $56.47 and a 200-day moving average of $55.98. Smartsheet Inc has a twelve month low of $36.27 and a twelve month high of $56.55. The stock has a market capitalization 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.

Analysts Set New Price Targets

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of Smartsheet in a report on Friday, December 6th. Sixteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $57.00.

Insider Buying and Selling

In other Smartsheet news, CEO Mark Patrick Mader sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $56.07, for a total value of $280,350.00. Following the sale, the chief executive officer now owns 619,515 shares in the company, valued at approximately $34,736,206.05. The trade was a 0.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.52% of the company’s stock.

About Smartsheet

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.