Godaddy Inc (NYSE:GDDY) Insider Sells $142,440.00 in Stock

Godaddy Inc (NYSE:GDDY) insider Nima Kelly sold 2,000 shares of the stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $71.22, for a total value of $142,440.00. Following the sale, the insider now owns 128,009 shares in the company, valued at approximately $9,116,800.98. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • On Tuesday, July 2nd, Nima Kelly sold 2,000 shares of Godaddy stock. The shares were sold at an average price of $70.57, for a total value of $141,140.00.
  • On Monday, June 17th, Nima Kelly sold 3,161 shares of Godaddy stock. The shares were sold at an average price of $44.47, for a total value of $140,569.67.
  • On Monday, June 10th, Nima Kelly sold 2,655 shares of Godaddy stock. The shares were sold at an average price of $73.55, for a total value of $195,275.25.
  • On Wednesday, May 29th, Nima Kelly sold 579 shares of Godaddy stock. The shares were sold at an average price of $74.53, for a total value of $43,152.87.
  • On Friday, May 31st, Nima Kelly sold 2,579 shares of Godaddy stock. The shares were sold at an average price of $73.52, for a total value of $189,608.08.
  • On Wednesday, May 15th, Nima Kelly sold 2,000 shares of Godaddy stock. The shares were sold at an average price of $74.09, for a total value of $148,180.00.
  • On Tuesday, May 7th, Nima Kelly sold 2,000 shares of Godaddy stock. The shares were sold at an average price of $78.87, for a total value of $157,740.00.
  • On Tuesday, April 23rd, Nima Kelly sold 1,000 shares of Godaddy stock. The shares were sold at an average price of $79.48, for a total value of $79,480.00.
  • On Monday, April 15th, Nima Kelly sold 1,000 shares of Godaddy stock. The shares were sold at an average price of $79.17, for a total value of $79,170.00.

GDDY stock opened at $73.00 on Friday. Godaddy Inc has a 52-week low of $56.67 and a 52-week high of $84.97. The business’s fifty day simple moving average is $72.04. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.72. The firm has a market capitalization of $12.65 billion, a PE ratio of 115.87, a price-to-earnings-growth ratio of 5.75 and a beta of 0.63.

Godaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.05). Godaddy had a return on equity of 11.89% and a net margin of 3.17%. The business had revenue of $710.00 million for the quarter, compared to analyst estimates of $711.18 million. During the same quarter last year, the business earned $0.02 EPS. Godaddy’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Godaddy Inc will post 0.73 EPS for the current year.

Several hedge funds have recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in shares of Godaddy by 36.0% during the first quarter. Signaturefd LLC now owns 722 shares of the technology company’s stock worth $54,000 after purchasing an additional 191 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in shares of Godaddy by 65.4% during the first quarter. Lindbrook Capital LLC now owns 574 shares of the technology company’s stock worth $43,000 after purchasing an additional 227 shares during the last quarter. Berman Capital Advisors LLC boosted its holdings in shares of Godaddy by 205.4% during the first quarter. Berman Capital Advisors LLC now owns 452 shares of the technology company’s stock worth $33,000 after purchasing an additional 304 shares during the last quarter. Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of Godaddy by 11.4% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 3,659 shares of the technology company’s stock worth $275,000 after purchasing an additional 375 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY boosted its holdings in shares of Godaddy by 3.2% during the first quarter. Metropolitan Life Insurance Co NY now owns 12,724 shares of the technology company’s stock worth $956,000 after purchasing an additional 394 shares during the last quarter. Institutional investors and hedge funds own 97.54% of the company’s stock.

A number of brokerages have commented on GDDY. Barclays increased their target price on WEX from $222.00 to $238.00 and gave the company an “overweight” rating in a report on Monday, May 6th. SunTrust Banks increased their target price on Lendingtree to $326.00 and gave the company a “hold” rating in a report on Monday, April 29th. They noted that the move was a valuation call. ValuEngine upgraded WEX from a “hold” rating to a “buy” rating in a report on Thursday, June 13th. Morgan Stanley set a $226.00 target price on S&P Global and gave the company a “hold” rating in a report on Friday, May 3rd. Finally, TheStreet cut Unit from a “c-” rating to a “d+” rating in a report on Tuesday, May 21st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $89.25.

About Godaddy

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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