Capital International Ltd. CA Sells 3,609 Shares of Smartsheet Inc (NYSE:SMAR)

Capital International Ltd. CA reduced its stake in Smartsheet Inc (NYSE:SMAR) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,570 shares of the company’s stock after selling 3,609 shares during the period. Capital International Ltd. CA owned 0.05% of Smartsheet worth $3,566,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in shares of Smartsheet by 8.2% during the 3rd quarter. Principal Financial Group Inc. now owns 15,550 shares of the company’s stock valued at $629,000 after buying an additional 1,180 shares in the last quarter. Barclays PLC grew its holdings in Smartsheet by 21.5% in the third quarter. Barclays PLC now owns 96,194 shares of the company’s stock worth $3,891,000 after purchasing an additional 16,993 shares during the period. Amalgamated Bank increased its stake in shares of Smartsheet by 14.3% during the third quarter. Amalgamated Bank now owns 31,708 shares of the company’s stock valued at $1,283,000 after purchasing an additional 3,974 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Smartsheet by 1.8% during the third quarter. Swiss National Bank now owns 279,000 shares of the company’s stock valued at $11,288,000 after purchasing an additional 4,900 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Smartsheet by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,160,221 shares of the company’s stock worth $46,943,000 after purchasing an additional 46,035 shares in the last quarter. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Smartsheet Stock Up 0.7 %

NYSE:SMAR traded up $0.26 on Wednesday, hitting $37.87. The stock had a trading volume of 1,258,977 shares, compared to its average volume of 1,487,667. The business’s 50-day simple moving average is $38.88 and its two-hundred day simple moving average is $42.35. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of -47.58 and a beta of 0.74. Smartsheet Inc has a 52-week low of $35.52 and a 52-week high of $52.81.

Smartsheet (NYSE:SMAR) last posted its quarterly earnings data on Thursday, March 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.17. Smartsheet had a negative net margin of 10.92% and a negative return on equity of 16.57%. The company had revenue of $256.95 million for the quarter, compared to the consensus estimate of $254.99 million. As a group, equities research analysts anticipate that Smartsheet Inc will post -0.43 EPS for the current year.

Insider Transactions at Smartsheet

In other news, CFO Pete Godbole sold 10,129 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $38.67, for a total value of $391,688.43. Following the transaction, the chief financial officer now owns 44,346 shares of the company’s stock, valued at $1,714,859.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CRO Michael Arntz sold 7,702 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $39.44, for a total value of $303,766.88. Following the completion of the transaction, the executive now owns 12,718 shares of the company’s stock, valued at approximately $501,597.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Pete Godbole sold 10,129 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $38.67, for a total value of $391,688.43. Following the sale, the chief financial officer now directly owns 44,346 shares in the company, valued at $1,714,859.82. The disclosure for this sale can be found here. Insiders sold 28,770 shares of company stock worth $1,132,791 in the last three months. Corporate insiders own 4.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SMAR shares. Wells Fargo & Company reduced their price objective on Smartsheet from $55.00 to $47.00 and set an “overweight” rating for the company in a research report on Friday, March 15th. Barclays lowered their price target on Smartsheet from $50.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, March 15th. JPMorgan Chase & Co. cut their price objective on shares of Smartsheet from $54.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, March 15th. DA Davidson decreased their target price on shares of Smartsheet from $65.00 to $55.00 and set a “buy” rating for the company in a report on Friday, March 15th. Finally, KeyCorp began coverage on shares of Smartsheet in a report on Thursday, March 21st. They set a “sector weight” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $49.75.

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.