Manatuck Hill Partners LLC increased its stake in SharpSpring Inc (NASDAQ:SHSP) by 42.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 534,400 shares of the technology company’s stock after acquiring an additional 159,200 shares during the period. SharpSpring comprises about 1.9% of Manatuck Hill Partners LLC’s holdings, making the stock its 18th largest holding. Manatuck Hill Partners LLC owned approximately 0.06% of SharpSpring worth $4,671,000 as of its most recent filing with the Securities and Exchange Commission.
Separately, Granite Investment Partners LLC raised its position in SharpSpring by 88.6% during the 2nd quarter. Granite Investment Partners LLC now owns 134,583 shares of the technology company’s stock valued at $1,176,000 after purchasing an additional 63,237 shares during the last quarter. Institutional investors own 25.97% of the company’s stock.
In other news, major shareholder Cat Rock Capital Management Lp bought 22,500 shares of SharpSpring stock in a transaction on Thursday, August 23rd. The shares were purchased at an average price of $13.50 per share, for a total transaction of $303,750.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have acquired a total of 149,259 shares of company stock worth $1,800,993 in the last quarter. Company insiders own 28.34% of the company’s stock.
SHSP stock opened at $13.73 on Thursday. SharpSpring Inc has a fifty-two week low of $3.15 and a fifty-two week high of $14.87. The company has a current ratio of 6.93, a quick ratio of 6.93 and a debt-to-equity ratio of 0.52. The company has a market cap of $120.80 million, a price-to-earnings ratio of -23.27 and a beta of -2.93.
Separately, Lake Street Capital upped their price target on SharpSpring to $8.00 and gave the company a “buy” rating in a research report on Wednesday, May 9th.
SharpSpring, Inc operates as a cloud-based marketing technology company worldwide. The company offers SharpSpring, a marketing automation solution for small and mid-size businesses. It markets and sells its products and services through sales teams and third party resellers. The company was formerly known as SMTP, Inc and changed its name to SharpSpring, Inc in December 2015.
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