Capital World Investors Trims Stock Position in Smartsheet Inc (NYSE:SMAR)

Capital World Investors decreased its holdings in Smartsheet Inc (NYSE:SMAR) by 99.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,825 shares of the company’s stock after selling 2,153,108 shares during the quarter. Capital World Investors’ holdings in Smartsheet were worth $494,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Marshall Wace LLP raised its stake in shares of Smartsheet by 381.3% in the fourth quarter. Marshall Wace LLP now owns 376,875 shares of the company’s stock worth $21,116,000 after buying an additional 298,572 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in Smartsheet by 201.0% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 321,200 shares of the company’s stock worth $17,997,000 after acquiring an additional 214,500 shares during the period. Gamco Investors INC. ET AL lifted its holdings in Smartsheet by 723.0% during the fourth quarter. Gamco Investors INC. ET AL now owns 44,440 shares of the company’s stock valued at $2,490,000 after purchasing an additional 39,040 shares in the last quarter. Gabelli Funds LLC boosted its position in shares of Smartsheet by 239.3% in the fourth quarter. Gabelli Funds LLC now owns 356,419 shares of the company’s stock worth $19,970,000 after purchasing an additional 251,369 shares during the period. Finally, Jump Financial LLC increased its stake in shares of Smartsheet by 6.3% in the fourth quarter. Jump Financial LLC now owns 3,925 shares of the company’s stock worth $220,000 after purchasing an additional 233 shares in the last quarter. 90.01% of the stock is currently owned by institutional investors.

Smartsheet Stock Performance

SMAR opened at $56.47 on Wednesday. The stock has a market cap 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 firm’s fifty day moving average is $56.47 and its 200 day moving average is $56.24. Smartsheet Inc has a fifty-two week low of $36.56 and a fifty-two week high of $56.55.

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.