GoDaddy Inc. (NYSE:GDDY) CEO Blake Irving sold 37,500 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $43.67, for a total value of $1,637,625.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Blake Irving also recently made the following trade(s):
- On Tuesday, September 12th, Blake Irving sold 37,500 shares of GoDaddy stock. The shares were sold at an average price of $43.64, for a total value of $1,636,500.00.
- On Tuesday, August 8th, Blake Irving sold 37,500 shares of GoDaddy stock. The shares were sold at an average price of $42.47, for a total value of $1,592,625.00.
Shares of GoDaddy Inc. (GDDY) traded up 0.50% during midday trading on Friday, hitting $44.35. The company had a trading volume of 217,160 shares. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 349.21 and a beta of 0.62. The stock’s 50-day moving average price is $43.88 and its 200-day moving average price is $43.88. GoDaddy Inc. has a 12 month low of $31.63 and a 12 month high of $45.37.
GoDaddy (NYSE:GDDY) last announced its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.10. GoDaddy had a return on equity of 6.05% and a net margin of 1.21%. The company had revenue of $557.80 million during the quarter, compared to analyst estimates of $551.26 million. During the same quarter in the previous year, the firm posted ($0.11) EPS. The firm’s quarterly revenue was up 22.3% on a year-over-year basis. On average, equities research analysts forecast that GoDaddy Inc. will post $0.30 EPS for the current year.
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GDDY has been the subject of several research analyst reports. Oppenheimer Holdings, Inc. increased their price objective on GoDaddy from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, June 22nd. Stifel Nicolaus set a $41.00 price objective on GoDaddy and gave the company a “hold” rating in a report on Friday, June 23rd. Cantor Fitzgerald reissued a “hold” rating on shares of GoDaddy in a report on Monday, June 26th. Zacks Investment Research downgraded GoDaddy from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Finally, BidaskClub downgraded GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. 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 company. The company currently has an average rating of “Buy” and an average price target of $47.46.
Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its holdings 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 valued at $6,192,000 after buying an additional 1,524 shares during the period. Engineers Gate Manager LP lifted its holdings in shares of GoDaddy by 90.6% in the second quarter. Engineers Gate Manager LP now owns 114,274 shares of the technology company’s stock valued at $4,848,000 after buying an additional 54,328 shares during the period. Vanguard Group Inc. lifted its holdings 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 valued at $225,720,000 after buying an additional 380,343 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of GoDaddy by 5.3% in the second quarter. Victory Capital Management Inc. now owns 1,629,173 shares of the technology company’s stock valued at $69,110,000 after buying an additional 81,509 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its holdings 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 valued at $1,204,000 after buying an additional 4,403 shares during the period. Institutional investors and hedge funds own 77.95% of the company’s stock.
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.
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