Key Ratings on Smartsheet (NYSE: $SMAR)

Smartsheet (NYSE: SMAR) had its price target lifted by BMO Capital Markets from $50.00 to $52.00 in a research report report published on Friday morning, MarketBeat.com reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts have also recently weighed in on SMAR. KeyCorp upped their target price on Smartsheet from $52.00 to $53.00 and gave the stock an overweight rating in a research note on Friday. Morgan Stanley reissued an overweight rating and set a $56.00 target price on shares of Smartsheet in a research report on Tuesday, October 3rd. Barclays lifted their price target on shares of Smartsheet from $45.00 to $50.00 and gave the stock an equal weight rating in a report on Friday, September 8th.

UBS Group initiated coverage on shares of Smartsheet in a report on Thursday, October 12th. They set a buy rating and a $60.00 target price on the stock. Finally, Needham & Company LLC reissued a buy rating and set a $57.00 target price on shares of Smartsheet in a report on Wednesday, September 20th.

Institutional Investors Weigh In On Smartsheet
A number of large investors have recently added to or reduced their stakes in SMAR. Castleview Partners LLC acquired a new stake in Smartsheet in the third quarter valued at approximately $39,000. Pacer Advisors Inc. acquired a new position in Smartsheet during the second quarter worth about $55,000. Newbridge Financial Services Group Inc. increased its stake in Smartsheet by 76.2% in the 2nd quarter.

Newbridge Financial Services Group Inc. now owns 1,630 shares of the company’s stock worth $62,000 after purchasing an additional 705 shares in the last quarter. Asset Management One Co. Ltd. purchased a new position in Smartsheet during the 2nd quarter valued at about $79,000. Finally, American International Group Inc. lifted its holdings in shares of Smartsheet by 23.3% during the 2nd quarter.

American International Group Inc. now owns 2,332 shares of the company’s stock valued at $89,000 after buying an additional 441 shares during the last quarter. 88.99% of the stock is owned by institutional investors and hedge funds.
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