Godaddy Inc (GDDY) Director Sells $2,547,500.00 in Stock

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

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

  • On Tuesday, December 12th, Blake Irving sold 50,000 shares of Godaddy stock. The stock was 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 (GDDY) opened at $51.43 on Friday. The firm has a market cap of $8,560.00 and a PE ratio of 395.62. Godaddy Inc has a 52-week low of $34.40 and a 52-week high of $51.70. The company has a debt-to-equity ratio of 5.15, a current ratio of 0.57 and a quick ratio of 0.57.

A number of research firms have recently issued reports on GDDY. TheStreet upgraded shares of Godaddy from a “c-” rating to a “b-” rating in a research report on Tuesday, November 7th. Oppenheimer restated a “buy” rating and issued a $53.00 price target (up from $50.00) on shares of Godaddy in a research report on Tuesday, November 7th. Stifel Nicolaus raised their price target on shares of Godaddy from $41.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, November 7th. Zacks Investment Research upgraded shares of Godaddy from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Jefferies Group lifted their price objective on shares of Godaddy from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Godaddy has an average rating of “Buy” and an average price target of $50.43.

Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its position in Godaddy by 48.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 362,619 shares of the technology company’s stock valued at $15,777,000 after purchasing an additional 118,109 shares during the last quarter. Rhumbline Advisers increased its stake in Godaddy by 33.7% during the 3rd quarter. Rhumbline Advisers now owns 114,233 shares of the technology company’s stock valued at $4,970,000 after buying an additional 28,774 shares during the period. Symmetry Peak Management LLC acquired a new position in Godaddy during the 2nd quarter valued at about $848,000. Vanguard Group Inc. increased its stake in Godaddy by 26.8% during the 2nd quarter. Vanguard Group Inc. now owns 7,553,811 shares of the technology company’s stock valued at $320,434,000 after buying an additional 1,598,137 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Godaddy by 1.8% during the 2nd quarter. Principal Financial Group Inc. now owns 506,412 shares of the technology company’s stock valued at $21,482,000 after buying an additional 8,786 shares during the period. Hedge funds and other institutional investors own 84.43% of the company’s stock.

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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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