GoDaddy Inc. (GDDY) EVP Nima Kelly Sells 3,810 Shares of Stock

GoDaddy Inc. (NYSE:GDDY) EVP Nima Kelly sold 3,810 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $43.58, for a total transaction of $166,039.80. Following the completion of the sale, the executive vice president now owns 28,934 shares of the company’s stock, valued at approximately $1,260,943.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • On Friday, September 1st, Nima Kelly sold 8,112 shares of GoDaddy stock. The stock was sold at an average price of $45.00, for a total transaction of $365,040.00.
  • On Tuesday, August 29th, Nima Kelly sold 1,000 shares of GoDaddy stock. The stock was sold at an average price of $42.40, for a total transaction of $42,400.00.
  • On Tuesday, August 15th, Nima Kelly sold 1,000 shares of GoDaddy stock. The stock was sold at an average price of $41.80, for a total transaction of $41,800.00.

GoDaddy Inc. (NYSE:GDDY) opened at 43.80 on Wednesday. The stock’s 50 day moving average is $43.98 and its 200-day moving average is $37.70. The company has a market cap of $4.87 billion, a P/E ratio of 344.88 and a beta of 0.64. GoDaddy Inc. has a 12-month low of $31.63 and a 12-month high of $44.22.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.10. The business had revenue of $557.80 million for the quarter, compared to analyst estimates of $551.26 million. GoDaddy had a net margin of 1.21% and a return on equity of 6.05%. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. Analysts predict that GoDaddy Inc. will post $0.33 earnings per share for the current fiscal year.

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A number of equities research analysts have issued reports on the stock. B. Riley reiterated a “buy” rating and issued a $53.00 target price on shares of GoDaddy in a research report on Wednesday, August 9th. Oppenheimer Holdings, Inc. increased their target price on shares of GoDaddy from $47.00 to $50.00 and gave the stock an “outperform” rating in a research report on Thursday, August 10th. Raymond James Financial, Inc. increased their target price on shares of GoDaddy from $47.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Stifel Nicolaus set a $41.00 target price on shares of GoDaddy and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Finally, SunTrust Banks, Inc. assumed coverage on shares of GoDaddy in a research report on Tuesday, August 15th. They issued a “buy” rating and a $50.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the stock. GoDaddy has an average rating of “Buy” and an average target price of $46.47.

Hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in shares of GoDaddy by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 163,361 shares of the technology company’s stock worth $6,192,000 after purchasing an additional 1,524 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of GoDaddy by 30.4% in the fourth quarter. Teachers Advisors LLC now owns 61,926 shares of the technology company’s stock worth $2,164,000 after purchasing an additional 14,419 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of GoDaddy by 6.8% in the first quarter. Vanguard Group Inc. now owns 5,955,674 shares of the technology company’s stock worth $225,720,000 after purchasing an additional 380,343 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of GoDaddy by 16.1% in the first quarter. UBS Asset Management Americas Inc. now owns 31,770 shares of the technology company’s stock worth $1,204,000 after purchasing an additional 4,403 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of GoDaddy by 18.4% in the first quarter. Geode Capital Management LLC now owns 384,671 shares of the technology company’s stock worth $14,578,000 after purchasing an additional 59,759 shares in the last quarter. 77.88% of the stock is currently owned by institutional investors and hedge funds.

GoDaddy Company Profile

GoDaddy Inc is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. It operates a domain marketplace, where its customers can find the digital real estate that matches their idea. It provides Website building, hosting and security tools to help customers construct and protect online presence.

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

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