What Did This CEO Just Do with Personal Shares of SharpSpring (SHSP)?


Yesterday, the CEO & President of SharpSpring (SHSP), Richard Alan Carlson, sold shares of SHSP for $2.25M.

Following Richard Alan Carlson’s last SHSP Sell transaction on March 20, 2020, the stock climbed by 11.2%. In addition to Richard Alan Carlson, 2 other SHSP executives reported Sell trades in the last month.

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Based on SharpSpring’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $7.31 million and GAAP net loss of -$1,542,349. In comparison, last year the company earned revenue of $5.72 million and had a GAAP net loss of $2.53 million. The company has a one-year high of $18.43 and a one-year low of $4.50. Currently, SharpSpring has an average volume of 83.98K.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $19.50, reflecting a -10.8% downside.

The insider sentiment on SharpSpring has been negative according to 52 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Richard Alan Carlson’s trades have generated a -61.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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SharpSpring, Inc. operates as a cloud-based based marketing technology company, which engages in the provision of marketing automation delivery through a cloud-based software-as-a-service platform. Its platform offers web tracking, lead scoring and automated workflow. The company was founded by Richard A. Carlson and Travis Whitton on October 14, 1998 and is headquartered in Gainesville, FL.

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