Dimensional Fund Advisors LP Cuts Stake in Smartsheet Inc (NYSE:SMAR)

Dimensional Fund Advisors LP lowered its position in Smartsheet Inc (NYSE:SMAR) by 83.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 165,331 shares of the company’s stock after selling 851,945 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Smartsheet were worth $9,263,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Marshall Wace LLP increased its position in shares of Smartsheet by 381.3% during the fourth quarter. Marshall Wace LLP now owns 376,875 shares of the company’s stock worth $21,116,000 after acquiring an additional 298,572 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in shares of Smartsheet by 201.0% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 321,200 shares of the company’s stock valued at $17,997,000 after purchasing an additional 214,500 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Smartsheet by 723.0% during the fourth quarter. Gamco Investors INC. ET AL now owns 44,440 shares of the company’s stock worth $2,490,000 after purchasing an additional 39,040 shares during the last quarter. Gabelli Funds LLC grew its stake in 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 in the last quarter. Finally, Jump Financial LLC increased its holdings in Smartsheet by 6.3% in the fourth quarter. Jump Financial LLC now owns 3,925 shares of the company’s stock valued at $220,000 after buying an additional 233 shares during the last quarter. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Smartsheet Stock Performance

Shares of SMAR opened at $56.47 on Friday. Smartsheet Inc has a 52 week low of $36.56 and a 52 week high of $56.55. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of -941.17, a PEG ratio of 82.90 and a beta of 0.71. The stock 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.