NYSE:SEND - SendGrid Stock Price, Price Target & More

SendGrid trades on the New York Stock Exchange (NYSE) under the ticker symbol "SEND."

SendGrid (NYSE:SEND) released its quarterly earnings data on Tuesday, May, 1st. The company reported ($0.02) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.05) by $0.03. The company had revenue of $32.57 million for the quarter, compared to analysts' expectations of $32.05 million. View SendGrid's Earnings History.

7 analysts have issued 1 year target prices for SendGrid's stock. Their forecasts range from $27.00 to $32.00. On average, they expect SendGrid's stock price to reach $31.00 in the next year. View Analyst Ratings for SendGrid.

SendGrid saw a decline in short interest during the month of April. As of April 13th, there was short interest totalling 497,828 shares, a decline of 36.1% from the March 30th total of 778,586 shares. Based on an average trading volume of 836,680 shares, the short-interest ratio is presently 0.6 days. Currently, 2.6% of the shares of the stock are short sold.

Some companies that are related to SendGrid include Medidata Solutions (MDSO), HubSpot (HUBS), Nuance Communications (NUAN), BOX (BOX), Ellie Mae (ELLI), CommVault Systems (CVLT), Paylocity (PCTY), Manhattan Associates (MANH), Coupa Software (COUP), Qualys (QLYS), Cornerstone OnDemand (CSOD), ACI Worldwide (ACIW), Q2 (QTWO), Mimecast (MIME) and Cloudera (CLDR).

(SEND) raised $112 million in an initial public offering on Wednesday, November 15th 2017. The company issued 7,700,000 shares at $13.50-$15.50 per share. Morgan Stanley and J.P. Morgan served as the underwriters for the IPO and William Blair, KeyBanc Capital Markets, Piper Jaffray and Stifel were co-managers.

SendGrid's lock-up period expired on Monday, May 14th. SendGrid had issued 8,200,000 shares in its IPO on November 15th. The total size of the offering was $131,200,000 based on an initial share price of $16.00. Shares of the company owned by major shareholders and company insiders are now eligible to be traded as a result of the expiration of the lock-up period.

Media stories about SEND stock have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SendGrid earned a news impact score of 0.18 on Accern's scale. They also assigned media headlines about the company an impact score of 47.20 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

SendGrid's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (2.17%), Keenan Capital LLC (0.99%), Massachusetts Financial Services Co. MA (0.99%), Wells Fargo & Company MN (0.96%), Vista Equity Partners Management LLC (0.77%) and Pier Capital LLC (0.56%). Company insiders that own SendGrid stock include Craig Kaes, Group Select Fund LP Foundry and Sameer Dholakia. View Institutional Ownership Trends for SendGrid.

SEND stock was sold by a variety of institutional investors in the last quarter, including Keenan Capital LLC, Vista Equity Partners Management LLC, Massachusetts Financial Services Co. MA, Principal Financial Group Inc. and Principal Financial Group Inc.. Company insiders that have sold SendGrid company stock in the last year include Craig Kaes, Group Select Fund LP Foundry and Sameer Dholakia. View Insider Buying and Selling for SendGrid.

SEND stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Lord Abbett & CO. LLC, Pier Capital LLC, Victory Capital Management Inc., Spark Investment Management LLC, Franklin Resources Inc., Millennium Management LLC and Wells Fargo & Company MN. View Insider Buying and Selling for SendGrid.

Shares of SEND can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of SEND stock can currently be purchased for approximately $26.10.

SendGrid has a market capitalization of $1.16 billion and generates $111.89 million in revenue each year. The company earns $-6,250,000.00 in net income (profit) each year or ($0.19) on an earnings per share basis. SendGrid employs 415 workers across the globe.

SendGrid's mailing address is 1801 California Street Suite 500, Denver CO, 80202. The company can be reached via phone at 888-985-7363 or via email at [email protected]