Insider Selling: SendGrid Inc (SEND) SVP Sells 15,391 Shares of Stock

SendGrid Inc (NYSE:SEND) SVP Craig Kaes sold 15,391 shares of SendGrid stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $34.58, for a total value of $532,220.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Craig Kaes also recently made the following trade(s):

  • On Monday, October 8th, Craig Kaes sold 15,391 shares of SendGrid stock. The shares were sold at an average price of $32.48, for a total value of $499,899.68.

SEND traded down $0.07 during trading on Friday, reaching $44.38. The company’s stock had a trading volume of 96,076 shares, compared to its average volume of 1,758,297. SendGrid Inc has a 52-week low of $17.50 and a 52-week high of $47.72. The firm has a market capitalization of $1.59 billion and a PE ratio of -231.05. The company has a current ratio of 10.83, a quick ratio of 10.83 and a debt-to-equity ratio of 0.05.

Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC lifted its position in shares of SendGrid by 225.9% during the 1st quarter. Barclays PLC now owns 4,282 shares of the company’s stock valued at $121,000 after acquiring an additional 2,968 shares during the period. NumerixS Investment Technologies Inc acquired a new stake in shares of SendGrid during the 2nd quarter valued at approximately $174,000. Engineers Gate Manager LP acquired a new stake in shares of SendGrid during the 2nd quarter valued at approximately $209,000. Cubist Systematic Strategies LLC acquired a new stake in shares of SendGrid during the 1st quarter valued at approximately $210,000. Finally, Atria Investments LLC acquired a new stake in shares of SendGrid during the 3rd quarter valued at approximately $231,000. 58.02% of the stock is currently owned by institutional investors.

A number of equities research analysts have weighed in on SEND shares. Zacks Investment Research lowered SendGrid from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Stifel Nicolaus lowered SendGrid from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. KeyCorp lifted their price objective on SendGrid from $32.00 to $42.00 and gave the company an “overweight” rating in a report on Tuesday, September 4th. First Analysis lowered SendGrid from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, October 16th. Finally, Morgan Stanley lifted their price objective on SendGrid from $27.00 to $29.00 and gave the company an “equal weight” rating in a report on Wednesday, August 1st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $36.00.

COPYRIGHT VIOLATION NOTICE: “Insider Selling: SendGrid Inc (SEND) SVP Sells 15,391 Shares of Stock” was originally published by WKRB News and is the sole property of of WKRB News. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of US & international copyright laws. The correct version of this piece of content can be viewed at https://www.wkrb13.com/2018/11/09/insider-selling-sendgrid-inc-send-svp-sells-15391-shares-of-stock.html.

About SendGrid

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.

Further Reading: Return on Investment (ROI)

Insider Buying and Selling by Quarter for SendGrid (NYSE:SEND)

Receive News & Ratings for SendGrid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SendGrid and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply