Fred Alger Management Llc reduced its position in Smartsheet, INC (NYSE: SMAR) during the third quarter by 0.2%, as indicated in the company’s most recent filing with the SEC. Following the sale of 2,536 shares during the period covered by the report, the total number of shares held by the fund in the company has increased to 1,223,180.

According to the most recent filing that Fred Alger Management LLC submitted to the SEC, the company owned 0.94% of Smartsheet, with a market value of $42,028,000.

On December 14, the Chief Financial Officer of Smartsheet, Pete Godbole, sold 2,256 of the company’s shares.

This is just one of the recent events involving Smartsheet.

The stock sale resulted in an average price of $41.36 placed on each share, which brought about a total sale price of 93,308.16 dollars worth of shares. Following the conclusion of the transaction, the Chief Financial Officer’s stock holdings have increased to a total of 18,229 shares, which are currently valued at 753,951.44 dollars. You can obtain this information regarding the transaction by clicking on the link provided here.

It was included in a filing that was submitted to the SEC. On Wednesday, December 14, 2018, a total of 1,366 shares of the company’s stock were sold by company insider Jolene Lau Marshall.

This is an additional point worthy of note.

The stock was bought and sold for a total value of $56,497.76, with the average price per share coming in at $41.36.

This resulted in the accumulation of cash. Following the completion of the transaction, the company insider will have a total of 11,135 shares in the company, which will be worth $460,543.60 at the current market price. You will be taken to a document that was submitted to the Securities and Exchange Commission if you select this link and click on it.

This document contains additional information about the transaction.

Mr. X currently holds the position of Chief Executive Officer for the organization.

The stock sale resulted in an average price of $41.36 placed on each share, which brought about a total sale price of 93,308.16 dollars worth of shares.

Because of the transaction, the chief financial officer directly owns 18,229 shares.

Based on the current stock price, these shares are estimated to be worth approximately $753,951.44.

Disclosures related to the sale might be found in this website section.

The company’s employees and other company insiders own 4.58% of the company’s total shares.
Several other institutional investors and hedge funds have been active buyers and sellers of SMAR shares over the past few months.

During the third quarter of 2018, Wipfli Financial Advisors LLC made an investment in Smartsheet that was valued at thirty thousand dollars. Signaturefd LLC successfully increased its ownership of Smartsheet by 57.1% over the third quarter.

After purchasing an additional 390 shares during the most recent quarter of the fiscal year, Signaturefd LLC now has a total of 1,073 shares of the company’s stock, worth $37,000.

This brings the total number of shares the company owns to 1,073.

The Healthcare of Ontario Pension Plan Trust Fund decided to invest in Smartsheet stock in the second quarter of 2018, allocating 49 thousand dollars to the purchase.

During Smartsheet’s second fiscal quarter, Lazard Asset Management LLC completed the purchase of an additional 44.7% of the company’s shares.

Lazard Asset Management LLC now has a total of 2,004 shares of the company’s stock, valued at $62,000.

This is because, during the most recent fiscal quarter, the company made an additional purchase of 619 shares, bringing the total number of shares held by the company to 2,004.

And finally, during the third quarter, Rockefeller Capital Management L.P. was able to amass an additional 418.8 percent worth of Smartsheet shares thanks to the company’s continued expansion.

After purchasing an additional 2,228 shares during the most recent quarter, Rockefeller Capital Management L.P. now has a total of 2,760 shares, currently valued at $94,000.

This is because the company increased its holdings during the most recent quarter.

The company’s shares are controlled, in total, by institutional investors and hedge funds, which together account for 89.50% of the company’s total ownership.
For $39.74 per share, SMAR stock trading began on Tuesday. Over the last 50 days, the stock’s price has averaged $42.73, while over the last 200 days, that price has averaged $37.26. Over the previous year, the share price of Smartsheet INC ranged from a low of $25.09 to a high of $58.22.

That is something that I haven’t been able to say for a considerable amount of time now.

According to a report that Moffett Nathanson released on Friday, December 2, it was stated that the company had decreased its price target for Smartsheet to $45.00.

The price target for Smartsheet was increased from $32.00 to $36.00, as the Royal Bank of Canada announced in a report that was made public on Friday, December 2. Citigroup increased the price objective it had previously established for Smartsheet to $37.00 in a research report made public on Friday, December 2.

In a research report made available to the public by BMO Capital Markets on Friday, December 2, the company stated that it had increased its price target on Smartsheet from $38.00 to $41.00.

DA Davidson increased their target price on Smartsheet from $40.00 to $45.00 in a research note published on Friday, December 2.

This was the last item on the agenda but by no means the least important one.

Twelve research analysts have assigned a buy rating to the company, while only four have assigned a hold rating to the stock.

According to Bloomberg’s latest poll of analysts, the general opinion regarding Smartsheet stock is that it is currently worth “Moderately Buying,” and the average price target for the company is currently set at $47.28.

The management and automation of collaborative projects are the responsibility of Smartsheet, INC The platform offers solutions that get rid of obstacles in the way of data collection by making use of features like an intuitive spreadsheet interface and forms that are simple to customize. John D. Smith, Maria Colacurcio, and W.

Eric Browne were the first three people to establish the company as it is today.

The post Fred Alger Management LLC has sold shares of Smartsheet Inc (NYSE:SMAR). appeared first on Best Stocks.