Renaissance Technologies LLC purchased a new position in shares of SharpSpring Inc (NASDAQ:SHSP) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 46,924 shares of the technology company’s stock, valued at approximately $658,000.
A number of other institutional investors have also bought and sold shares of the stock. Citadel Advisors LLC purchased a new position in shares of SharpSpring in the third quarter valued at $177,000. EAM Investors LLC purchased a new position in shares of SharpSpring in the third quarter valued at $1,067,000. Brasada Capital Management LP purchased a new position in shares of SharpSpring in the third quarter valued at $425,000. JPMorgan Chase & Co. increased its position in shares of SharpSpring by 587.4% in the third quarter. JPMorgan Chase & Co. now owns 7,561 shares of the technology company’s stock valued at $106,000 after buying an additional 6,461 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of 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 acquiring an additional 5,976 shares during the last quarter. Institutional investors and hedge funds own 39.49% of the company’s stock.
SHSP opened at $15.25 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 5.75 and a quick ratio of 5.75. SharpSpring Inc has a 52 week low of $4.37 and a 52 week high of $15.98.
SharpSpring (NASDAQ:SHSP) last posted its quarterly earnings data on Wednesday, November 7th. The technology company reported ($0.32) EPS for the quarter. The company had revenue of $4.87 million for the quarter. SharpSpring had a negative net margin of 44.78% and a negative return on equity of 45.70%.
Separately, ValuEngine raised SharpSpring from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd.
In related news, CFO Edward Seymour Lawton sold 5,000 shares of the stock in a transaction on Friday, November 16th. The stock was sold at an average price of $13.80, for a total transaction of $69,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 28.34% of the stock is owned by company insiders.
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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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