SendGrid Inc (SEND) Position Lowered by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC lessened its holdings in shares of SendGrid Inc (NYSE:SEND) by 10.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,000 shares of the company’s stock after selling 2,125 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in SendGrid were worth $662,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. NumerixS Investment Technologies Inc bought a new position in shares of SendGrid during the second quarter valued at approximately $174,000. Engineers Gate Manager LP bought a new position in shares of SendGrid during the second quarter valued at approximately $209,000. Atria Investments LLC bought a new position in shares of SendGrid during the third quarter valued at approximately $231,000. Chicago Equity Partners LLC bought a new position in SendGrid in the second quarter worth $336,000. Finally, Legal & General Group Plc raised its holdings in SendGrid by 766.1% in the first quarter. Legal & General Group Plc now owns 12,775 shares of the company’s stock worth $360,000 after purchasing an additional 11,300 shares in the last quarter. Institutional investors own 71.71% of the company’s stock.

In other news, insider Sameer Dholakia sold 16,666 shares of the stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $34.68, for a total value of $577,976.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Craig Kaes sold 15,391 shares of the stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $34.58, for a total value of $532,220.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,780 shares of company stock worth $4,651,569. Insiders own 30.20% of the company’s stock.



A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded SendGrid from a “sell” rating to a “hold” rating in a report on Tuesday, November 6th. First Analysis downgraded SendGrid from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, October 16th. Stifel Nicolaus downgraded SendGrid from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. KeyCorp increased their price objective on SendGrid from $32.00 to $42.00 and gave the stock an “overweight” rating in a report on Tuesday, September 4th. Finally, Morgan Stanley increased their price objective on SendGrid from $27.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 1st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $36.00.

SEND opened at $36.95 on Tuesday. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $2.03 billion and a price-to-earnings ratio of -194.47. SendGrid Inc has a 12-month low of $18.45 and a 12-month high of $47.72.

SendGrid (NYSE:SEND) last posted its quarterly earnings data on Tuesday, November 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The business had revenue of $37.20 million during the quarter, compared to the consensus estimate of $36.04 million. SendGrid had a negative return on equity of 0.86% and a negative net margin of 4.03%. On average, equities analysts predict that SendGrid Inc will post -0.04 earnings per share for the current year.

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SendGrid 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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Institutional Ownership by Quarter for SendGrid (NYSE:SEND)

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