SendGrid (SEND) SVP Craig Kaes Sells 35,000 Shares

SendGrid (NYSE:SEND) SVP Craig Kaes sold 35,000 shares of the business’s stock in a transaction on Tuesday, April 10th. The stock was sold at an average price of $22.86, for a total value of $800,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

SEND opened at $26.35 on Thursday. SendGrid has a one year low of $17.50 and a one year high of $32.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 8.71 and a current ratio of 8.71. The firm has a market capitalization of $1,054.29 and a PE ratio of -138.68.

SendGrid (NYSE:SEND) last posted its quarterly earnings data on Monday, February 26th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $31.73 million during the quarter, compared to the consensus estimate of $29.45 million. research analysts forecast that SendGrid will post -0.13 EPS for the current year.



SEND has been the topic of a number of research reports. KeyCorp reissued an “overweight” rating and issued a $32.00 price objective (up previously from $26.00) on shares of SendGrid in a research note on Monday, February 26th. Stifel Nicolaus boosted their price objective on SendGrid from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Morgan Stanley boosted their price objective on SendGrid from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 28th. Finally, Zacks Investment Research raised SendGrid from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Friday, March 16th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $29.60.

Several institutional investors have recently made changes to their positions in the company. Pier Capital LLC acquired a new stake in shares of SendGrid during the fourth quarter worth $4,058,000. Zimmer Partners LP acquired a new stake in shares of SendGrid during the fourth quarter worth $1,534,000. TIAA CREF Investment Management LLC acquired a new stake in shares of SendGrid during the fourth quarter worth $313,000. Teachers Advisors LLC acquired a new stake in shares of SendGrid during the fourth quarter worth $349,000. Finally, Deer VIII & Co. Ltd. acquired a new stake in shares of SendGrid during the fourth quarter worth $171,217,000. 41.22% of the stock is currently owned by institutional investors.

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SendGrid Company Profile

SendGrid, Inc operates as a digital communication platform in the United States and internationally. Its cloud-based platform provides various tools to the businesses, including developers and marketers to reach their customers using an email. The company offers services, such as email application programming interface (API), which allow developers to use its API in their preferred development framework and to use its platform to add email functionality to their applications; marketing campaigns that allow marketers to upload and manage customer contact lists, create and test email templates, and execute and analyze email campaigns to engage customers; and expert services to help businesses optimize their email delivery.

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