GoDaddy Inc. (GDDY) EVP Sells $360,000.00 in Stock
GoDaddy Inc. (NYSE:GDDY) EVP Nima Kelly sold 10,000 shares of GoDaddy stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $36.00, for a total value of $360,000.00. Following the completion of the sale, the executive vice president now directly owns 34,023 shares in the company, valued at approximately $1,224,828. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Nima Kelly also recently made the following trade(s):
- On Friday, September 9th, Nima Kelly sold 46 shares of GoDaddy stock. The shares were sold at an average price of $32.44, for a total value of $1,492.24.
Shares of GoDaddy Inc. (NYSE:GDDY) opened at 35.67 on Wednesday. The company has a 50-day moving average price of $33.62 and a 200 day moving average price of $31.80. The company’s market capitalization is $5.43 billion. GoDaddy Inc. has a 1-year low of $23.88 and a 1-year high of $36.03.
GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.07) by $0.04. The company earned $456.20 million during the quarter, compared to analysts’ expectations of $450.51 million. GoDaddy had a negative return on equity of 3.30% and a negative net margin of 1.26%. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period last year, the company earned ($0.46) earnings per share. Equities research analysts anticipate that GoDaddy Inc. will post ($0.04) EPS for the current year.
A number of brokerages recently issued reports on GDDY. Zacks Investment Research lowered GoDaddy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. Summit Redstone began coverage on GoDaddy in a research note on Monday, October 3rd. They issued a “buy” rating and a $41.00 price target for the company. Piper Jaffray Cos. set a $40.00 price target on GoDaddy and gave the company a “buy” rating in a research note on Monday, September 19th. B. Riley restated a “neutral” rating and issued a $33.50 price target on shares of GoDaddy in a research note on Tuesday, August 9th. Finally, RBC Capital Markets restated an “outperform” rating and issued a $38.00 price target (up from $37.00) on shares of GoDaddy in a research note on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $37.63.
Several hedge funds have recently modified their holdings of GDDY. Wellington Management Group LLP increased its stake in shares of GoDaddy by 266.8% in the first quarter. Wellington Management Group LLP now owns 776,803 shares of the company’s stock valued at $25,114,000 after buying an additional 565,022 shares during the period. RS Investment Management Co. LLC increased its stake in shares of GoDaddy by 19.7% in the second quarter. RS Investment Management Co. LLC now owns 1,311,389 shares of the company’s stock valued at $40,902,000 after buying an additional 215,732 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of GoDaddy by 83.1% in the first quarter. TIAA CREF Investment Management LLC now owns 241,785 shares of the company’s stock valued at $7,817,000 after buying an additional 109,760 shares during the period. DG Capital Management Inc. bought a new stake in shares of GoDaddy during the second quarter valued at approximately $762,000. Finally, Aperio Group LLC increased its stake in shares of GoDaddy by 1.0% in the first quarter. Aperio Group LLC now owns 9,907 shares of the company’s stock valued at $320,000 after buying an additional 98 shares during the period.
GoDaddy Inc is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. The Company 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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