Yakira Capital Management Inc. Acquires Shares of 97,764 Smartsheet Inc (NYSE:SMAR)

Yakira Capital Management Inc. bought a new stake in Smartsheet Inc (NYSE:SMAR) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 97,764 shares of the company’s stock, valued at approximately $5,478,000. Smartsheet makes up approximately 2.0% of Yakira Capital Management Inc.’s investment portfolio, making the stock its 15th largest holding. Yakira Capital Management Inc. owned about 0.07% of Smartsheet as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in Smartsheet in the fourth quarter valued at about $25,000. Fifth Third Bancorp bought a new position in shares of Smartsheet in the fourth quarter valued at approximately $26,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Smartsheet by 737.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 536 shares of the company’s stock worth $30,000 after acquiring an additional 472 shares in the last quarter. Venturi Wealth Management LLC grew its position in Smartsheet by 27.5% during the 4th quarter. Venturi Wealth Management LLC now owns 1,549 shares of the company’s stock worth $87,000 after acquiring an additional 334 shares during the last quarter. Finally, IFP Advisors Inc grew its position in Smartsheet by 592.2% during the 4th quarter. IFP Advisors Inc now owns 2,381 shares of the company’s stock worth $133,000 after acquiring an additional 2,037 shares during the last quarter. Institutional investors own 90.01% of the company’s stock.

Insider Activity

In other news, CEO Mark Patrick Mader sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $56.07, for a total transaction of $280,350.00. Following the transaction, the chief executive officer now directly owns 619,515 shares in the company, valued at approximately $34,736,206.05. This represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.52% of the stock is currently owned by corporate insiders.

Smartsheet Stock Performance

Shares of SMAR opened at $56.47 on Friday. The company 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 fifty day moving average price of $56.47 and a two-hundred day moving average price of $56.04. Smartsheet Inc has a 52-week low of $36.27 and a 52-week high of $56.55.

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.