Smartsheet Inc (NYSE:SMAR) Stock Position Lifted by True Wealth Design LLC

True Wealth Design LLC boosted its stake in shares of Smartsheet Inc (NYSE:SMAR) by 188.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,111 shares of the company’s stock after purchasing an additional 1,379 shares during the period. True Wealth Design LLC’s holdings in Smartsheet were worth $118,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SMAR. Twin Securities Inc. grew its position in Smartsheet by 90.5% in the fourth quarter. Twin Securities Inc. now owns 313,073 shares of the company’s stock worth $17,541,000 after acquiring an additional 148,726 shares in the last quarter. Sagefield Capital LP boosted its holdings in shares of Smartsheet by 48.7% during the 4th quarter. Sagefield Capital LP now owns 100,100 shares of the company’s stock worth $5,609,000 after buying an additional 32,800 shares during the period. Sand Grove Capital Management LLP boosted its holdings in shares of Smartsheet by 66.3% during the 4th quarter. Sand Grove Capital Management LLP now owns 476,029 shares of the company’s stock worth $26,672,000 after buying an additional 189,724 shares during the period. Sculptor Capital LP bought a new stake in shares of Smartsheet during the 4th quarter worth $25,214,000. Finally, Rafferty Asset Management LLC boosted its holdings in shares of Smartsheet by 7.0% during the 4th quarter. Rafferty Asset Management LLC now owns 19,354 shares of the company’s stock worth $1,084,000 after buying an additional 1,261 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 Friday. The company has a fifty day simple moving average of $56.47 and a 200 day simple moving average of $56.31. The company has a market cap of $7.91 billion, a P/E ratio of -941.17, a P/E/G ratio of 82.90 and a beta of 0.71. Smartsheet Inc has a 1 year low of $36.56 and a 1 year high of $56.55.

Smartsheet Company 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.