Sendgrid Inc Gets a Hold Rating from Morgan Stanley

In a report released today, Stan Zlotsky from Morgan Stanley maintained a Hold rating on Sendgrid Inc (NASDAQ: SEND), with a price target of $27. The company’s shares opened today at $29.05.

According to TipRanks.com, Zlotsky is a 4-star analyst with an average return of 22.9% and a 73.9% success rate. Zlotsky covers the Technology sector, focusing on stocks such as Coupa Software Inc, Veeva Systems, and HubSpot.

Sendgrid Inc has an analyst consensus of Strong Buy, with a price target consensus of $31.

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Based on Sendgrid Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $32.57 million and GAAP net loss of $1.27 million. In comparison, last year the company earned revenue of $24.83 million and had a GAAP net loss of $1.8 million.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock.

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SendGrid, Inc. provides customer communications platform for transactional and marketing email. The firm’s solutions include sendgrid API, expert services and sendgrid & email marketing campaigns. The company was founded by Isaac Saldana, Tim Jenkins, and Jose Lopez in 2009 and is headquartered in Denver, CO.