Mercer Global Advisors Inc. ADV Takes $375,000 Position in Smartsheet Inc (NYSE:SMAR)

Mercer Global Advisors Inc. ADV purchased a new stake in shares of Smartsheet Inc (NYSE:SMAR) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,691 shares of the company’s stock, valued at approximately $375,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Smartsheet during the fourth quarter valued at approximately $25,000. Fifth Third Bancorp bought a new stake in shares of Smartsheet during the fourth quarter valued at approximately $26,000. EverSource Wealth Advisors LLC raised its stake in Smartsheet by 737.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 536 shares of the company’s stock worth $30,000 after buying an additional 472 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in Smartsheet in the fourth quarter worth approximately $47,000. Finally, Venturi Wealth Management LLC raised its stake in Smartsheet by 27.5% in the fourth quarter. Venturi Wealth Management LLC now owns 1,549 shares of the company’s stock worth $87,000 after buying an additional 334 shares in the last quarter. Institutional investors own 90.01% of the company’s stock.

Smartsheet Price Performance

Shares of NYSE:SMAR opened at $56.47 on Thursday. The company has a market capitalization 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. Smartsheet Inc has a 52 week low of $36.56 and a 52 week high of $56.55. The firm has a 50 day moving average of $56.47 and a 200 day moving average of $56.30.

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.