Godaddy Inc (GDDY) Director Blake Irving Sells 50,000 Shares

Godaddy Inc (NYSE:GDDY) Director Blake Irving sold 50,000 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $50.95, for a total transaction of $2,547,500.00. Following the completion of the sale, the director now owns 53,106 shares in the company, valued at approximately $2,705,750.70. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Blake Irving also recently made the following trade(s):

  • On Tuesday, December 12th, Blake Irving sold 50,000 shares of Godaddy stock. The shares were sold at an average price of $48.15, for a total transaction of $2,407,500.00.
  • On Tuesday, November 14th, Blake Irving sold 50,000 shares of Godaddy stock. The stock was sold at an average price of $48.53, for a total transaction of $2,426,500.00.

Shares of Godaddy Inc (NYSE:GDDY) opened at $51.67 on Friday. The firm has a market cap of $8,597.16, a P/E ratio of 198.74, a P/E/G ratio of 5.40 and a beta of 0.65. Godaddy Inc has a 1-year low of $34.58 and a 1-year high of $52.11. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 5.15.

Godaddy (NYSE:GDDY) last issued its quarterly earnings results on Monday, November 6th. The technology company reported $0.07 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.07. Godaddy had a net margin of 2.34% and a return on equity of 7.89%. equities research analysts predict that Godaddy Inc will post 0.27 EPS for the current fiscal year.

Several large investors have recently modified their holdings of GDDY. SG Americas Securities LLC purchased a new stake in Godaddy in the 2nd quarter worth approximately $118,000. Public Employees Retirement Association of Colorado lifted its position in Godaddy by 49.3% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 3,675 shares of the technology company’s stock worth $160,000 after buying an additional 1,213 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Godaddy by 142.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,605 shares of the technology company’s stock worth $195,000 after buying an additional 2,707 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Godaddy by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,476 shares of the technology company’s stock worth $232,000 after buying an additional 397 shares in the last quarter. Finally, Koch Industries Inc. purchased a new stake in Godaddy in the 2nd quarter worth approximately $248,000. Institutional investors and hedge funds own 84.43% of the company’s stock.

Several research firms recently weighed in on GDDY. Zacks Investment Research lowered shares of Godaddy from a “hold” rating to a “sell” rating in a research note on Thursday. Royal Bank of Canada reiterated a “buy” rating and set a $53.00 price objective on shares of Godaddy in a research note on Wednesday, November 22nd. Oppenheimer reiterated a “buy” rating on shares of Godaddy in a research note on Monday, November 20th. B. Riley restated a “buy” rating and issued a $53.00 price target on shares of Godaddy in a research note on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. lowered shares of Godaddy from an “overweight” rating to a “neutral” rating and set a $54.00 price target on the stock. in a research note on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Godaddy currently has a consensus rating of “Buy” and an average target price of $50.43.

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About Godaddy

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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