SharpSpring Inc (SHSP) Major Shareholder Cat Rock Capital Management Lp Purchases 43,791 Shares

SharpSpring Inc (NASDAQ:SHSP) major shareholder Cat Rock Capital Management Lp bought 43,791 shares of the business’s stock in a transaction on Wednesday, September 26th. The stock was acquired at an average cost of $13.31 per share, for a total transaction of $582,858.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Friday, September 21st, Cat Rock Capital Management Lp bought 81,111 shares of SharpSpring stock. The stock was acquired at an average cost of $13.32 per share, for a total transaction of $1,080,398.52.
  • On Wednesday, September 12th, Cat Rock Capital Management Lp bought 33,363 shares of SharpSpring stock. The stock was acquired at an average cost of $13.18 per share, for a total transaction of $439,724.34.
  • On Monday, September 10th, Cat Rock Capital Management Lp bought 23,398 shares of SharpSpring stock. The stock was acquired at an average cost of $13.10 per share, for a total transaction of $306,513.80.
  • On Thursday, September 6th, Cat Rock Capital Management Lp bought 68,119 shares of SharpSpring stock. The stock was acquired at an average cost of $13.42 per share, for a total transaction of $914,156.98.
  • On Thursday, August 23rd, Cat Rock Capital Management Lp bought 22,500 shares of SharpSpring stock. The stock was acquired at an average cost of $13.50 per share, for a total transaction of $303,750.00.
  • On Monday, August 13th, Cat Rock Capital Management Lp bought 85,900 shares of SharpSpring stock. The stock was acquired at an average cost of $11.96 per share, for a total transaction of $1,027,364.00.
  • On Tuesday, July 17th, Cat Rock Capital Management Lp bought 40,859 shares of SharpSpring stock. The stock was acquired at an average cost of $11.50 per share, for a total transaction of $469,878.50.

Shares of NASDAQ SHSP traded down $0.06 during trading on Wednesday, reaching $13.54. The stock had a trading volume of 56,100 shares, compared to its average volume of 52,395. SharpSpring Inc has a one year low of $3.25 and a one year 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 capitalization of $114.58 million, a price-to-earnings ratio of -23.07 and a beta of -2.93.

SharpSpring (NASDAQ:SHSP) last issued its quarterly earnings results on Thursday, August 2nd. The technology company reported ($0.29) earnings per share for the quarter. SharpSpring had a negative net margin of 42.41% and a negative return on equity of 35.25%. The firm had revenue of $4.44 million during the quarter.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Manatuck Hill Partners LLC increased its holdings in shares of SharpSpring by 42.4% in the 2nd quarter. Manatuck Hill Partners LLC now owns 534,400 shares of the technology company’s stock valued at $4,671,000 after acquiring an additional 159,200 shares during the last quarter. BlackRock Inc. increased its holdings in shares of SharpSpring by 33.3% in the 2nd quarter. BlackRock Inc. now owns 23,947 shares of the technology company’s stock valued at $209,000 after acquiring an additional 5,976 shares during the last quarter. Finally, Granite Investment Partners LLC increased its holdings in shares of SharpSpring by 88.6% in the 2nd quarter. Granite Investment Partners LLC now owns 134,583 shares of the technology company’s stock valued at $1,176,000 after acquiring an additional 63,237 shares during the last quarter. Institutional investors and hedge funds own 25.97% of the company’s stock.

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

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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