SharpSpring Inc (NASDAQ:SHSP) major shareholder Semyon Dukach sold 2,021,929 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $3.90, for a total value of $7,885,523.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of SharpSpring Inc (NASDAQ SHSP) traded up $0.05 on Thursday, hitting $4.20. The stock had a trading volume of 27,640 shares, compared to its average volume of 34,072. SharpSpring Inc has a twelve month low of $3.07 and a twelve month high of $5.80.
SharpSpring (NASDAQ:SHSP) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.04). SharpSpring had a negative net margin of 53.13% and a negative return on equity of 28.79%. The company had revenue of $3.41 million for the quarter, compared to analysts’ expectations of $3.30 million. equities research analysts predict that SharpSpring Inc will post -0.69 earnings per share for the current fiscal year.
An institutional investor recently bought a new position in SharpSpring stock. AWM Investment Company Inc. purchased a new stake in shares of SharpSpring Inc (NASDAQ:SHSP) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 530,734 shares of the technology company’s stock, valued at approximately $2,404,000. AWM Investment Company Inc. owned 6.33% of SharpSpring as of its most recent filing with the SEC. 22.32% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently issued reports on the company. Zacks Investment Research cut SharpSpring from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. ValuEngine raised SharpSpring from a “strong sell” rating to a “sell” rating in a report on Friday, October 6th.
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SharpSpring Company Profile
SharpSpring, Inc is a cloud-based marketing technology company. The Company offers SharpSpring, a marketing automation solution for small and medium-sized businesses and is primarily sold to marketing agencies that use the platform on behalf of their clients. The features of SharpSpring includes Web tracking, lead scoring and automated workflow that enables businesses deliver the message to the customer.
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