Lazard Asset Management LLC Purchases 2,430 Shares of Smartsheet Inc (NYSE:SMAR)

Lazard Asset Management LLC lifted its position in Smartsheet Inc (NYSE:SMAR) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,660 shares of the company’s stock after purchasing an additional 2,430 shares during the period. Lazard Asset Management LLC’s holdings in Smartsheet were worth $1,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in Smartsheet in the 4th quarter worth $25,000. Fifth Third Bancorp bought a new position in shares of Smartsheet in the fourth quarter worth about $26,000. EverSource Wealth Advisors LLC grew its position in shares of Smartsheet by 737.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 536 shares of the company’s stock worth $30,000 after purchasing an additional 472 shares in the last quarter. Colonial Trust Co SC purchased a new stake in shares of Smartsheet during the fourth quarter worth about $43,000. Finally, Itau Unibanco Holding S.A. bought a new stake in Smartsheet during the 4th quarter valued at approximately $47,000. 90.01% of the stock is currently owned by institutional investors.

Smartsheet Stock Performance

NYSE SMAR 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 stock has a market cap of $7.91 billion, a PE ratio of -941.17, a P/E/G ratio of 82.90 and a beta of 0.71. The stock’s 50 day moving average is $56.47 and its 200 day moving average is $56.31.

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.