Kovitz Investment Group Partners LLC Invests $238,000 in Smartsheet Inc (NYSE:SMAR)

Kovitz Investment Group Partners LLC purchased a new stake in shares of Smartsheet Inc (NYSE:SMAR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,242 shares of the company’s stock, valued at approximately $238,000.

Other institutional investors have also added to or reduced their stakes in the company. Credit Industriel ET Commercial bought a new stake in shares of Smartsheet in the fourth quarter worth about $5,729,000. Cigogne Management SA bought a new stake in shares of Smartsheet in the 4th quarter worth approximately $5,483,000. Hsbc Holdings PLC increased its stake in shares of Smartsheet by 1.0% during the fourth quarter. Hsbc Holdings PLC now owns 439,731 shares of the company’s stock valued at $24,632,000 after buying an additional 4,172 shares during the period. ClearAlpha Technologies LP raised its holdings in shares of Smartsheet by 40.9% during the fourth quarter. ClearAlpha Technologies LP now owns 78,555 shares of the company’s stock valued at $4,401,000 after acquiring an additional 22,794 shares in the last quarter. Finally, Natixis lifted its stake in Smartsheet by 345.0% in the fourth quarter. Natixis now owns 168,703 shares of the company’s stock worth $9,452,000 after acquiring an additional 130,792 shares during the period. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Smartsheet Stock Performance

Shares of Smartsheet stock opened at $56.47 on Friday. Smartsheet Inc has a 12-month low of $36.56 and a 12-month high of $56.55. The company has a market cap of $7.91 billion, a P/E ratio of -941.17, a PEG ratio of 82.90 and a beta of 0.71. The company’s fifty day simple moving average is $56.47 and its two-hundred day simple moving average is $56.28.

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.