GoDaddy Inc. (GDDY) EVP Sells $360,000.00 in Stock
GoDaddy Inc. (NYSE:GDDY) EVP Nima Kelly sold 10,000 shares of the stock in a transaction that occurred on Monday, October 10th. The stock was 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 of the company’s stock, valued at $1,224,828. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $32.44, for a total value of $1,492.24.
GoDaddy Inc. (NYSE:GDDY) opened at 35.67 on Wednesday. GoDaddy Inc. has a 12-month low of $23.88 and a 12-month high of $36.03. The stock 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.
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GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.04. GoDaddy had a negative return on equity of 3.30% and a negative net margin of 1.26%. The company earned $456.20 million during the quarter, compared to the consensus estimate of $450.51 million. During the same period in the prior year, the firm earned ($0.46) earnings per share. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. Equities analysts predict that GoDaddy Inc. will post ($0.04) EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the company. Technology Crossover Management VII Ltd. boosted its stake in shares of GoDaddy by 194.2% in the second quarter. Technology Crossover Management VII Ltd. now owns 14,267,080 shares of the company’s stock worth $444,990,000 after buying an additional 9,418,073 shares in the last quarter. FMR LLC raised its position in shares of GoDaddy by 60.4% in the second quarter. FMR LLC now owns 12,238,511 shares of the company’s stock worth $381,719,000 after buying an additional 4,609,309 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of GoDaddy by 399.7% in the second quarter. JPMorgan Chase & Co. now owns 6,208,234 shares of the company’s stock worth $193,636,000 after buying an additional 4,965,848 shares during the last quarter. Vanguard Group Inc. raised its position in shares of GoDaddy by 60.8% in the second quarter. Vanguard Group Inc. now owns 4,725,249 shares of the company’s stock worth $147,381,000 after buying an additional 1,786,473 shares during the last quarter. Finally, RS Investment Management Co. LLC raised its position 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 worth $40,902,000 after buying an additional 215,732 shares during the last quarter.
GDDY has been the subject of several analyst reports. Zacks Investment Research raised GoDaddy from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Wednesday, October 5th. Vetr downgraded GoDaddy from a “strong-buy” rating to a “buy” rating and set a $39.00 price target for the company. in a research report on Thursday, October 6th. Piper Jaffray Cos. set a $40.00 price target on GoDaddy and gave the company a “buy” rating in a research report on Monday, September 19th. Summit Redstone began coverage on GoDaddy in a research report on Monday, October 3rd. They set a “buy” rating and a $41.00 price target for the company. Finally, Deutsche Bank AG increased their price target on GoDaddy from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $37.63.
GoDaddy Company Profile
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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