10,931 Shares in Smartsheet Inc (NYSE:SMAR) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of Smartsheet Inc (NYSE:SMAR) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 10,931 shares of the company’s stock, valued at approximately $612,000.

A number of other hedge funds also recently bought and sold shares of SMAR. Zacks Investment Management acquired a new stake in shares of Smartsheet in the third quarter worth $4,551,000. FNY Investment Advisers LLC boosted its position in Smartsheet by 1,399.7% during the 4th quarter. FNY Investment Advisers LLC now owns 75,254 shares of the company’s stock worth $4,216,000 after acquiring an additional 70,236 shares during the period. Syquant Capital Sas acquired a new stake in Smartsheet during the 4th quarter worth about $15,428,000. Nordea Investment Management AB grew its stake in Smartsheet by 11.0% during the 4th quarter. Nordea Investment Management AB now owns 196,922 shares of the company’s stock valued at $11,031,000 after acquiring an additional 19,563 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Smartsheet by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,282,883 shares of the company’s stock valued at $71,880,000 after purchasing an additional 4,218 shares during the period. 90.01% of the stock is owned by hedge funds and other institutional investors.

Smartsheet Price Performance

NYSE SMAR opened at $56.47 on Monday. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of -941.17, a price-to-earnings-growth ratio of 82.90 and a beta of 0.71. The company has a 50 day simple moving average of $56.47 and a 200-day simple moving average of $56.07. Smartsheet Inc has a 52-week low of $36.27 and a 52-week high of $56.55.

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.