Spark Investment Management LLC bought a new position in shares of SendGrid Inc (NYSE:SEND) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 15,500 shares of the company’s stock, valued at approximately $371,000.
Several other hedge funds and other institutional investors have also bought and sold shares of SEND. Bank of New York Mellon Corp acquired a new stake in shares of SendGrid during the fourth quarter worth $409,000. BlackRock Inc. acquired a new position in SendGrid in the fourth quarter valued at about $16,723,000. Schwab Charles Investment Management Inc. acquired a new position in SendGrid in the fourth quarter valued at about $317,000. The Manufacturers Life Insurance Company acquired a new position in SendGrid in the fourth quarter valued at about $153,000. Finally, UBS Asset Management Americas Inc. acquired a new position in SendGrid in the fourth quarter valued at about $1,469,000. Institutional investors own 41.22% of the company’s stock.
Shares of SendGrid Inc (NYSE:SEND) traded up $0.63 during midday trading on Wednesday, reaching $31.11. The company’s stock had a trading volume of 371,223 shares, compared to its average volume of 232,130. SendGrid Inc has a fifty-two week low of $17.50 and a fifty-two week high of $32.03. The company has a quick ratio of 8.71, a current ratio of 8.71 and a debt-to-equity ratio of 0.06.
SendGrid (NYSE:SEND) last released its quarterly earnings results on Monday, February 26th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $31.73 million during the quarter, compared to analysts’ expectations of $29.45 million. equities analysts forecast that SendGrid Inc will post 0.07 earnings per share for the current fiscal year.
Several brokerages have commented on SEND. Stifel Nicolaus boosted their target price on SendGrid from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Morgan Stanley assumed coverage on SendGrid in a report on Monday, December 11th. They issued an “equal weight” rating on the stock. William Blair assumed coverage on SendGrid in a report on Monday, December 11th. They set an “outperform” rating on the stock. KeyCorp restated an “overweight” rating and set a $32.00 price target (up from $26.00) on shares of SendGrid in a report on Monday, February 26th. Finally, Piper Jaffray Companies assumed coverage on SendGrid in a research report on Monday, December 11th. They set an “overweight” rating and a $25.00 target price on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $28.25.
WARNING: “Spark Investment Management LLC Acquires Shares of 15,500 SendGrid Inc (SEND)” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://ledgergazette.com/2018/03/14/15500-shares-in-sendgrid-inc-send-acquired-by-spark-investment-management-llc.html.
SendGrid, Inc provides a digital communication platform. The Company’s platform enables businesses to engage with their customers through email. It offers three services: Email application programming interface (API), marketing campaigns and Expert services. Its email API service allows developers to use its API in their preferred development framework to leverage its platform to add email functionality to their applications.
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.