Moser Wealth Advisors LLC Has $157,000 Stock Holdings in Smartsheet Inc (NYSE:SMAR)

Moser Wealth Advisors LLC decreased its position in Smartsheet Inc (NYSE:SMAR) by 35.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,565 shares of the company’s stock after selling 1,922 shares during the period. Moser Wealth Advisors LLC’s holdings in Smartsheet were worth $157,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Sei Investments Co. lifted its holdings in shares of Smartsheet by 20.3% during the 1st quarter. Sei Investments Co. now owns 147,306 shares of the company’s stock worth $5,671,000 after acquiring an additional 24,823 shares during the period. Norges Bank bought a new stake in shares of Smartsheet in the 4th quarter valued at approximately $68,879,000. CWM LLC raised its holdings in shares of Smartsheet by 218.0% in the 2nd quarter. CWM LLC now owns 19,869 shares of the company’s stock worth $876,000 after buying an additional 13,621 shares in the last quarter. Capstone Investment Advisors LLC bought a new position in shares of Smartsheet during the 1st quarter worth approximately $1,512,000. Finally, Alberta Investment Management Corp acquired a new stake in Smartsheet in the 4th quarter valued at $1,219,000. Institutional investors own 90.01% of the company’s stock.

Insiders Place Their Bets

In related news, insider Jolene Lau Marshall sold 3,741 shares of Smartsheet stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $48.18, for a total transaction of $180,241.38. Following the completion of the sale, the insider now directly owns 17,100 shares of the company’s stock, valued at $823,878. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, COO Stephen Robert Branstetter sold 2,004 shares of Smartsheet stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $48.00, for a total transaction of $96,192.00. Following the transaction, the chief operating officer now directly owns 61,791 shares of the company’s stock, valued at $2,965,968. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jolene Lau Marshall sold 3,741 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $48.18, for a total transaction of $180,241.38. Following the completion of the transaction, the insider now directly owns 17,100 shares of the company’s stock, valued at approximately $823,878. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,929 shares of company stock valued at $1,446,805. Company insiders own 4.52% of the company’s stock.

Smartsheet Trading Up 5.9 %

Smartsheet stock opened at $52.27 on Monday. Smartsheet Inc has a 12-month low of $35.52 and a 12-month high of $54.28. The business’s 50-day simple moving average is $47.00 and its 200 day simple moving average is $42.52.

Smartsheet (NYSE:SMAR) last issued its earnings results on Thursday, September 5th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.15. The company had revenue of $276.41 million for the quarter, compared to analyst estimates of $274.23 million. Smartsheet had a negative net margin of 4.07% and a negative return on equity of 4.42%. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.23) EPS. Equities research analysts forecast that Smartsheet Inc will post -0.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SMAR has been the subject of several recent analyst reports. Wells Fargo & Company increased their price objective on Smartsheet from $47.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, June 6th. Morgan Stanley increased their target price on shares of Smartsheet from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday. Citigroup upped their price objective on shares of Smartsheet from $55.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday. UBS Group raised their price objective on shares of Smartsheet from $56.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Finally, Royal Bank of Canada boosted their target price on Smartsheet from $43.00 to $51.00 and gave the stock a “sector perform” rating in a report on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $55.06.

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.