Cat Rock Capital Increases SharpSpring Position ~ market folly

Monday, October 15, 2018

Cat Rock Capital Increases SharpSpring Position

Alexander Captain's hedge fund firm Cat Rock Capital has filed an amended 13G with the SEC regarding its stake in SharpSpring (SHSP).  Per the filing, Cat Rock now owns 15.01% of the company with over 1.22 million shares.

This is up from the 936,935 shares they reported as of July 16th in their previous 13G filing.  The newly amended 13G was made due to activity on September 24th.   Prior to founding Cat Rock, Captain worked at Tiger Global.

Per Yahoo Finance, SharpSpring is "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. SharpSpring, Inc. was incorporated in 1998 and is headquartered in Gainesville, Florida."

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