Insider Selling: Godaddy Inc (NYSE:GDDY) Insider Sells $149,080.00 in Stock

Godaddy Inc (NYSE:GDDY) insider Nima Kelly sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $74.54, for a total value of $149,080.00. Following the completion of the transaction, the insider now directly owns 128,009 shares of the company’s stock, valued at $9,541,790.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Nima Kelly also recently made the following trade(s):

  • On Thursday, July 18th, Nima Kelly sold 2,000 shares of Godaddy stock. The shares were sold at an average price of $74.32, for a total value of $148,640.00.
  • On Wednesday, July 10th, Nima Kelly sold 2,000 shares of Godaddy stock. The shares were sold at an average price of $71.22, for a total value of $142,440.00.
  • On Tuesday, July 2nd, Nima Kelly sold 2,000 shares of Godaddy stock. The shares were sold at an average price of $70.57, for a total value of $141,140.00.
  • On Monday, June 17th, Nima Kelly sold 3,161 shares of Godaddy stock. The shares were sold at an average price of $44.47, for a total value of $140,569.67.
  • On Monday, June 10th, Nima Kelly sold 2,655 shares of Godaddy stock. The shares were sold at an average price of $73.55, for a total value of $195,275.25.
  • On Wednesday, May 29th, Nima Kelly sold 579 shares of Godaddy stock. The shares were sold at an average price of $74.53, for a total value of $43,152.87.
  • On Friday, May 31st, Nima Kelly sold 2,579 shares of Godaddy stock. The shares were sold at an average price of $73.52, for a total value of $189,608.08.
  • On Wednesday, May 15th, Nima Kelly sold 2,000 shares of Godaddy stock. The shares were sold at an average price of $74.09, for a total value of $148,180.00.
  • On Tuesday, May 7th, Nima Kelly sold 2,000 shares of Godaddy stock. The shares were sold at an average price of $78.87, for a total value of $157,740.00.

Shares of NYSE GDDY opened at $74.23 on Friday. The firm’s fifty day moving average price is $72.20. Godaddy Inc has a 1-year low of $56.67 and a 1-year high of $84.97. The company has a market capitalization of $12.98 billion, a price-to-earnings ratio of 135.59, a price-to-earnings-growth ratio of 5.90 and a beta of 0.63. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.72.

Godaddy (NYSE:GDDY) last announced its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.05). Godaddy had a net margin of 3.17% and a return on equity of 11.89%. The firm had revenue of $710.00 million for the quarter, compared to the consensus estimate of $711.18 million. During the same period last year, the company posted $0.02 earnings per share. Godaddy’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities research analysts anticipate that Godaddy Inc will post 0.73 earnings per share for the current fiscal year.

Several research firms have recently issued reports on GDDY. Morgan Stanley set a $95.00 target price on Godaddy and gave the company a “buy” rating in a report on Friday, May 3rd. Barclays reaffirmed a “buy” rating and issued a $90.00 target price on shares of Godaddy in a report on Monday, May 6th. ValuEngine lowered Godaddy from a “buy” rating to a “hold” rating in a report on Thursday. TheStreet lowered Godaddy from a “b” rating to a “c” rating in a report on Tuesday, May 21st. Finally, SunTrust Banks reissued a “buy” rating and set a $90.00 price objective on shares of Godaddy in a report on Thursday. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Godaddy currently has an average rating of “Buy” and a consensus price target of $89.38.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Godaddy by 15.7% during the first quarter. BlackRock Inc. now owns 11,596,746 shares of the technology company’s stock valued at $871,958,000 after purchasing an additional 1,576,019 shares during the period. Janus Henderson Group PLC lifted its position in shares of Godaddy by 5.5% during the second quarter. Janus Henderson Group PLC now owns 8,369,171 shares of the technology company’s stock worth $587,096,000 after acquiring an additional 436,616 shares in the last quarter. FMR LLC lifted its position in shares of Godaddy by 32.6% during the first quarter. FMR LLC now owns 8,332,155 shares of the technology company’s stock worth $626,495,000 after acquiring an additional 2,046,952 shares in the last quarter. Federated Investors Inc. PA lifted its position in shares of Godaddy by 15.3% during the first quarter. Federated Investors Inc. PA now owns 2,064,691 shares of the technology company’s stock worth $155,244,000 after acquiring an additional 273,702 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Godaddy by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 1,760,737 shares of the technology company’s stock worth $115,466,000 after acquiring an additional 66,412 shares in the last quarter. 97.54% of the stock is owned by institutional investors and hedge funds.

About Godaddy

GoDaddy Inc designs and develops cloud-based technology products for small businesses, Web design professionals, and individuals in the United States and internationally. The company provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; and hosting products, including shared Website hosting, Website hosting on virtual private servers and virtual dedicated servers, managed hosting, and security.

Further Reading: Ex-Dividend

Insider Buying and Selling by Quarter for Godaddy (NYSE:GDDY)

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