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.
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.
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)
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