Insider Buying: SharpSpring Inc (NASDAQ:SHSP) Director Buys 1,000 Shares of Stock

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SharpSpring Inc (NASDAQ:SHSP) Director David A. Buckel bought 1,000 shares of SharpSpring stock in a transaction on Tuesday, April 23rd. The shares were bought at an average price of $12.80 per share, for a total transaction of $12,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

NASDAQ:SHSP opened at $11.60 on Thursday. SharpSpring Inc has a fifty-two week low of $8.48 and a fifty-two week high of $21.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 6.30 and a quick ratio of 6.30. The stock has a market capitalization of $117.89 million, a PE ratio of -10.45 and a beta of 1.12. The business’s 50-day simple moving average is $10.82 and its 200-day simple moving average is $14.64.

Large investors have recently added to or reduced their stakes in the company. Centaurus Financial Inc. increased its holdings in SharpSpring by 14,948.0% in the 2nd quarter. Centaurus Financial Inc. now owns 258,525 shares of the technology company’s stock worth $3,358,000 after purchasing an additional 256,807 shares in the last quarter. Vanguard Group Inc. increased its holdings in SharpSpring by 87.5% in the 2nd quarter. Vanguard Group Inc. now owns 550,443 shares of the technology company’s stock worth $7,150,000 after purchasing an additional 256,817 shares in the last quarter. BlackRock Inc. increased its holdings in SharpSpring by 1,543.0% in the 2nd quarter. BlackRock Inc. now owns 559,656 shares of the technology company’s stock worth $7,270,000 after purchasing an additional 525,593 shares in the last quarter. Northern Trust Corp increased its holdings in SharpSpring by 52.7% in the 2nd quarter. Northern Trust Corp now owns 20,883 shares of the technology company’s stock worth $271,000 after purchasing an additional 7,203 shares in the last quarter. Finally, S Squared Technology LLC acquired a new position in SharpSpring in the 2nd quarter worth about $1,376,000. Institutional investors and hedge funds own 41.24% of the company’s stock.

A number of brokerages have issued reports on SHSP. Canaccord Genuity reduced their target price on SharpSpring from $22.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Stephens upgraded SharpSpring from an “equal” rating to an “overweight” rating and raised their target price for the stock from $11.00 to $13.00 in a report on Thursday, August 8th. Roth Capital reduced their target price on SharpSpring from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. National Securities restated a “buy” rating and set a $18.00 target price on shares of SharpSpring in a report on Wednesday, August 7th. Finally, Craig Hallum upgraded SharpSpring from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Monday, June 24th. Seven research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of $17.33.

SharpSpring Company Profile

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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Insider Buying and Selling by Quarter for SharpSpring (NASDAQ:SHSP)

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