Nima Kelly Sells 5,852 Shares of Godaddy Inc (NYSE:GDDY) Stock

Godaddy Inc (NYSE:GDDY) insider Nima Kelly sold 5,852 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $68.79, for a total transaction of $402,559.08. Following the completion of the sale, the insider now directly owns 128,605 shares of the company’s stock, valued at $8,846,737.95. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Thursday, November 7th, Nima Kelly sold 11,929 shares of Godaddy stock. The shares were sold at an average price of $71.36, for a total transaction of $851,253.44.
  • On Friday, September 13th, Nima Kelly sold 1,160 shares of Godaddy stock. The shares were sold at an average price of $65.52, for a total transaction of $76,003.20.
  • On Tuesday, September 10th, Nima Kelly sold 661 shares of Godaddy stock. The shares were sold at an average price of $65.57, for a total transaction of $43,341.77.
  • On Monday, August 26th, Nima Kelly sold 349 shares of Godaddy stock. The shares were sold at an average price of $63.17, for a total transaction of $22,046.33.
  • On Wednesday, August 28th, Nima Kelly sold 926 shares of Godaddy stock. The shares were sold at an average price of $63.44, for a total transaction of $58,745.44.

GDDY stock opened at $68.21 on Thursday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 3.78. Godaddy Inc has a one year low of $56.67 and a one year high of $82.30. The firm has a market capitalization of $12.32 billion, a PE ratio of 108.27, a P/E/G ratio of 6.27 and a beta of 0.68. The firm has a 50-day moving average of $64.66 and a two-hundred day moving average of $69.35.

Godaddy (NYSE:GDDY) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.20. Godaddy had a net margin of 4.10% and a return on equity of 19.05%. The company had revenue of $760.50 million during the quarter, compared to analyst estimates of $761.04 million. During the same period in the prior year, the firm earned $0.08 earnings per share. The business’s quarterly revenue was up 11.9% on a year-over-year basis. On average, equities research analysts anticipate that Godaddy Inc will post 0.79 earnings per share for the current year.

A number of brokerages have weighed in on GDDY. Wedbush reissued a “neutral” rating on shares of Godaddy in a report on Monday, November 4th. Piper Jaffray Companies cut their price target on shares of Godaddy from $92.00 to $91.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. SunTrust Banks reissued a “buy” rating and issued a $90.00 price target on shares of Godaddy in a report on Friday, November 1st. Raymond James cut their price target on shares of Godaddy from $86.00 to $85.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Finally, ValuEngine downgraded shares of Godaddy from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Godaddy currently has an average rating of “Buy” and a consensus price target of $88.63.

A number of hedge funds have recently bought and sold shares of the business. Advisor Group Inc. lifted its stake in Godaddy by 1.5% during the second quarter. Advisor Group Inc. now owns 10,545 shares of the technology company’s stock valued at $740,000 after buying an additional 155 shares in the last quarter. Global Wealth Management Investment Advisory Inc. lifted its stake in Godaddy by 4.6% during the second quarter. Global Wealth Management Investment Advisory Inc. now owns 3,827 shares of the technology company’s stock valued at $268,000 after buying an additional 168 shares in the last quarter. First Hawaiian Bank increased its holdings in shares of Godaddy by 2.0% in the 3rd quarter. First Hawaiian Bank now owns 9,280 shares of the technology company’s stock valued at $612,000 after purchasing an additional 180 shares during the period. World Asset Management Inc increased its holdings in shares of Godaddy by 3.5% in the 2nd quarter. World Asset Management Inc now owns 5,777 shares of the technology company’s stock valued at $405,000 after purchasing an additional 194 shares during the period. Finally, Commonwealth Bank of Australia increased its holdings in shares of Godaddy by 80.1% in the 2nd quarter. Commonwealth Bank of Australia now owns 508 shares of the technology company’s stock valued at $35,000 after purchasing an additional 226 shares during the period. 96.82% of the stock is owned by institutional investors.

Godaddy Company Profile

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.

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

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