Sameer Dholakia Sells 16,666 Shares of SendGrid Inc (SEND) Stock

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.

Large investors have recently modified their holdings of the stock. Wells Fargo & Company MN lifted its stake in SendGrid by 207.7% in the 2nd quarter. Wells Fargo & Company MN now owns 1,265,787 shares of the company’s stock valued at $33,569,000 after purchasing an additional 854,472 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in SendGrid by 65.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 55,500 shares of the company’s stock valued at $1,472,000 after purchasing an additional 22,030 shares during the last quarter. FMR LLC lifted its stake in SendGrid by 172.6% in the 2nd quarter. FMR LLC now owns 957,240 shares of the company’s stock valued at $25,386,000 after purchasing an additional 606,050 shares during the last quarter. OppenheimerFunds Inc. acquired a new stake in SendGrid in the 2nd quarter valued at about $15,842,000. Finally, Swiss National Bank acquired a new stake in SendGrid in the 2nd quarter valued at about $801,000. Institutional investors and hedge funds own 58.02% of the company’s stock.

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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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.

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

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