Swiss National Bank lifted its position in shares of SendGrid Inc (NYSE:SEND) by 40.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,500 shares of the company’s stock after purchasing an additional 12,300 shares during the period. Swiss National Bank’s holdings in SendGrid were worth $1,564,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NumerixS Investment Technologies Inc acquired a new stake in shares of SendGrid during the second quarter worth about $174,000. Engineers Gate Manager LP acquired a new stake in shares of SendGrid during the second quarter worth about $209,000. Atria Investments LLC acquired a new stake in shares of SendGrid during the third quarter worth about $231,000. Chicago Equity Partners LLC acquired a new stake in shares of SendGrid during the second quarter worth about $336,000. Finally, Cubist Systematic Strategies LLC increased its position in shares of SendGrid by 130.1% during the second quarter. Cubist Systematic Strategies LLC now owns 17,201 shares of the company’s stock worth $456,000 after purchasing an additional 9,727 shares in the last quarter. Institutional investors and hedge funds own 84.45% of the company’s stock.

In other SendGrid news, SVP Craig Kaes sold 15,391 shares of SendGrid stock in a transaction that occurred on Monday, October 8th. The stock was sold at an average price of $32.48, for a total value of $499,899.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Stephen M. Sloan sold 15,000 shares of SendGrid stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $36.66, for a total value of $549,900.00. The disclosure for this sale can be found here. Insiders sold a total of 159,114 shares of company stock worth $5,871,893 in the last ninety days. 30.20% of the stock is owned by corporate insiders.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded SendGrid from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th. First Analysis cut SendGrid from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, October 16th. Stifel Nicolaus cut SendGrid from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. Finally, KeyCorp boosted their price target on SendGrid from $32.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, September 4th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. SendGrid currently has an average rating of “Buy” and a consensus target price of $36.00.

Shares of SEND stock opened at $43.27 on Thursday. SendGrid Inc has a 52-week low of $18.61 and a 52-week high of $47.72. The stock has a market capitalization of $2.05 billion and a P/E ratio of -227.74. The company has a debt-to-equity ratio of 0.05, a quick ratio of 8.17 and a current ratio of 8.17.

SendGrid (NYSE:SEND) last announced its quarterly earnings data on Tuesday, November 6th. The company reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.01. SendGrid had a negative return on equity of 0.86% and a negative net margin of 4.03%. The company had revenue of $37.20 million for the quarter, compared to analyst estimates of $36.04 million. As a group, equities research analysts forecast that SendGrid Inc will post -0.04 EPS for the current fiscal year.

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SendGrid Company Profile

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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Institutional Ownership by Quarter for SendGrid (NYSE:SEND)

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