SendGrid Inc (NYSE:SEND) insider Sameer Dholakia sold 16,666 shares of the stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $34.68, for a total transaction of $577,976.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Sameer Dholakia also recently made the following trade(s):
- On Monday, October 8th, Sameer Dholakia sold 16,666 shares of SendGrid stock. The stock was sold at an average price of $32.02, for a total transaction of $533,645.32.
- On Thursday, September 6th, Sameer Dholakia sold 16,666 shares of SendGrid stock. The stock was sold at an average price of $35.64, for a total transaction of $593,976.24.
Shares of NYSE:SEND opened at $44.37 on Friday. SendGrid Inc has a 52-week low of $17.50 and a 52-week high of $47.72. The stock has a market capitalization of $1.59 billion and a P/E ratio of -233.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 10.83 and a quick ratio of 10.83.
A number of research firms have recently commented on SEND. Zacks Investment Research upgraded shares of SendGrid from a “sell” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley increased their price objective on shares of SendGrid from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 1st. First Analysis began coverage on shares of SendGrid in a research note on Monday, September 24th. They set a “strong-buy” rating and a $45.00 price objective for the company. Stifel Nicolaus increased their price objective on shares of SendGrid from $32.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, September 13th. Finally, KeyCorp increased their price objective on shares of SendGrid from $32.00 to $42.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 4th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $36.00.
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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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