Trexquant Investment LP Has $7.29 Million Stock Holdings in Smartsheet Inc (NYSE:SMAR)

Trexquant Investment LP lowered its stake in shares of Smartsheet Inc (NYSE:SMAR - Free Report) by 14.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 152,354 shares of the company's stock after selling 26,317 shares during the quarter. Trexquant Investment LP owned about 0.11% of Smartsheet worth $7,286,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SMAR. McGlone Suttner Wealth Management Inc. bought a new position in shares of Smartsheet during the 4th quarter worth about $33,000. Allworth Financial LP increased its stake in Smartsheet by 2,503.4% during the fourth quarter. Allworth Financial LP now owns 755 shares of the company's stock valued at $36,000 after acquiring an additional 726 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in Smartsheet in the 3rd quarter valued at approximately $105,000. Vinva Investment Management Ltd bought a new stake in shares of Smartsheet in the 3rd quarter worth approximately $131,000. Finally, M&T Bank Corp acquired a new stake in shares of Smartsheet during the 4th quarter worth approximately $204,000. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Pete Godbole sold 5,202 shares of the firm's stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $41.92, for a total value of $218,067.84. Following the transaction, the chief financial officer now owns 44,346 shares of the company's stock, valued at approximately $1,858,984.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CRO Michael Arntz sold 7,702 shares of the company's stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $39.44, for a total value of $303,766.88. Following the completion of the sale, the executive now owns 12,718 shares in the company, valued at $501,597.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Pete Godbole sold 5,202 shares of the firm's stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $41.92, for a total value of $218,067.84. Following the transaction, the chief financial officer now owns 44,346 shares in the company, valued at approximately $1,858,984.32. The disclosure for this sale can be found here. Insiders sold a total of 28,770 shares of company stock worth $1,132,791 over the last three months. 4.52% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SMAR has been the subject of several research reports. Canaccord Genuity Group reduced their target price on Smartsheet from $55.00 to $45.00 and set a "buy" rating for the company in a research report on Monday, March 18th. BMO Capital Markets decreased their target price on shares of Smartsheet from $48.00 to $42.00 and set an "outperform" rating on the stock in a research report on Monday, March 18th. Wells Fargo & Company dropped their price target on shares of Smartsheet from $55.00 to $47.00 and set an "overweight" rating for the company in a research report on Friday, March 15th. Morgan Stanley decreased their price objective on Smartsheet from $56.00 to $51.00 and set an "overweight" rating on the stock in a report on Friday, March 15th. Finally, Jefferies Financial Group dropped their target price on Smartsheet from $57.00 to $50.00 and set a "buy" rating for the company in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, Smartsheet has a consensus rating of "Moderate Buy" and a consensus price target of $49.75.

Smartsheet Trading Down 0.6 %

Shares of Smartsheet stock traded down $0.25 during trading on Tuesday, reaching $41.66. The company's stock had a trading volume of 671,321 shares, compared to its average volume of 1,484,650. Smartsheet Inc has a one year low of $35.52 and a one year high of $52.81. The stock has a 50-day moving average price of $38.91 and a two-hundred day moving average price of $42.47. The stock has a market capitalization of $5.72 billion, a P/E ratio of -52.73 and a beta of 0.73.

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

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.