Richard Alan Carlson Sells 30,000 Shares of SharpSpring Inc (SHSP) Stock

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SharpSpring Inc (NASDAQ:SHSP) CEO Richard Alan Carlson sold 30,000 shares of the stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $14.75, for a total transaction of $442,500.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of NASDAQ:SHSP opened at $14.58 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 7.30 and a quick ratio of 7.30. SharpSpring Inc has a twelve month low of $7.69 and a twelve month high of $21.10.

Large investors have recently modified their holdings of the business. Citigroup Inc. bought a new position in shares of SharpSpring in the first quarter valued at approximately $39,000. Wells Fargo & Company MN bought a new position in shares of SharpSpring in the first quarter valued at approximately $79,000. IFP Advisors Inc bought a new position in shares of SharpSpring in the fourth quarter valued at approximately $104,000. Advisor Group Inc. boosted its position in shares of SharpSpring by 52.2% in the fourth quarter. Advisor Group Inc. now owns 12,176 shares of the technology company’s stock valued at $154,000 after acquiring an additional 4,176 shares during the period. Finally, Northern Trust Corp boosted its position in shares of SharpSpring by 17.7% in the fourth quarter. Northern Trust Corp now owns 13,339 shares of the technology company’s stock valued at $168,000 after acquiring an additional 2,004 shares during the period. Hedge funds and other institutional investors own 42.71% of the company’s stock.

A number of equities analysts have weighed in on SHSP shares. Lake Street Capital increased their target price on shares of SharpSpring to $17.00 and gave the stock a “buy” rating in a research report on Thursday, February 28th. National Securities started coverage on shares of SharpSpring in a research report on Thursday. They set a “buy” rating for the company. Canaccord Genuity started coverage on shares of SharpSpring in a research report on Monday, April 1st. They set a “buy” rating for the company. Finally, Craig Hallum lowered shares of SharpSpring from a “buy” rating to a “hold” rating and increased their target price for the stock from $17.00 to $21.00 in a research report on Friday, May 10th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. SharpSpring has a consensus rating of “Buy” and a consensus price target of $19.00.

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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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