SharpSpring Inc (SHSP) Major Shareholder Buys $914,156.98 in Stock

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SharpSpring Inc (NASDAQ:SHSP) major shareholder Cat Rock Capital Management Lp acquired 68,119 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The shares were purchased at an average price of $13.42 per share, with a total value of $914,156.98. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Cat Rock Capital Management Lp also recently made the following trade(s):

  • On Thursday, August 23rd, Cat Rock Capital Management Lp acquired 22,500 shares of SharpSpring stock. The shares were purchased at an average price of $13.50 per share, with a total value of $303,750.00.
  • On Monday, August 13th, Cat Rock Capital Management Lp acquired 85,900 shares of SharpSpring stock. The shares were purchased at an average price of $11.96 per share, with a total value of $1,027,364.00.
  • On Tuesday, July 17th, Cat Rock Capital Management Lp acquired 40,859 shares of SharpSpring stock. The shares were purchased at an average price of $11.50 per share, with a total value of $469,878.50.

NASDAQ SHSP traded down $0.22 during trading on Friday, reaching $13.23. 900 shares of the stock traded hands, compared to its average volume of 78,376. The stock has a market cap of $116.88 million, a P/E ratio of -22.80 and a beta of -2.93. The company has a debt-to-equity ratio of 0.52, a quick ratio of 6.93 and a current ratio of 6.93. SharpSpring Inc has a fifty-two week low of $3.15 and a fifty-two week high of $14.87.

Separately, Lake Street Capital boosted their price objective on shares of SharpSpring to $12.00 and gave the company a “buy” rating in a report on Friday, August 3rd.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in SharpSpring by 33.3% during the second quarter. BlackRock Inc. now owns 23,947 shares of the technology company’s stock valued at $209,000 after purchasing an additional 5,976 shares during the period. Granite Investment Partners LLC grew its holdings in SharpSpring by 88.6% during the second 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 period. Finally, Manatuck Hill Partners LLC grew its holdings in SharpSpring by 42.4% during the second quarter. Manatuck Hill Partners LLC now owns 534,400 shares of the technology company’s stock valued at $4,671,000 after purchasing an additional 159,200 shares during the period. Hedge funds and other institutional investors own 25.97% of the company’s stock.

About SharpSpring

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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