Blake Irving Sells 37,500 Shares of GoDaddy Inc. (GDDY) Stock
GoDaddy Inc. (NYSE:GDDY) CEO Blake Irving sold 37,500 shares of the business’s stock in a transaction dated Tuesday, October 11th. The stock was sold at an average price of $35.71, for a total value of $1,339,125.00. Following the completion of the transaction, the chief executive officer now owns 39,003 shares in the company, valued at approximately $1,392,797.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Blake Irving also recently made the following trade(s):
- On Tuesday, September 13th, Blake Irving sold 37,500 shares of GoDaddy stock. The shares were sold at an average price of $32.14, for a total value of $1,205,250.00.
- On Friday, September 9th, Blake Irving sold 174 shares of GoDaddy stock. The shares were sold at an average price of $32.44, for a total value of $5,644.56.
- On Tuesday, August 9th, Blake Irving sold 37,500 shares of GoDaddy stock. The shares were sold at an average price of $33.09, for a total value of $1,240,875.00.
GoDaddy Inc. (NYSE:GDDY) opened at 35.88 on Friday. The company’s market capitalization is $5.46 billion. GoDaddy Inc. has a one year low of $23.88 and a one year high of $36.03. The company has a 50-day moving average price of $33.79 and a 200-day moving average price of $31.86.
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GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.04. GoDaddy had a negative net margin of 1.26% and a negative return on equity of 3.30%. The firm had revenue of $456.20 million for the quarter, compared to the consensus estimate of $450.51 million. During the same quarter last year, the company earned ($0.46) earnings per share. The firm’s revenue was up 15.6% on a year-over-year basis. Equities research analysts anticipate that GoDaddy Inc. will post ($0.04) EPS for the current year.
Several large investors have recently added to or reduced their stakes in the stock. Technology Crossover Management VII Ltd. boosted its stake in GoDaddy by 194.2% in the second quarter. Technology Crossover Management VII Ltd. now owns 14,267,080 shares of the company’s stock valued at $444,990,000 after buying an additional 9,418,073 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in GoDaddy by 399.7% in the second quarter. JPMorgan Chase & Co. now owns 6,208,234 shares of the company’s stock valued at $193,636,000 after buying an additional 4,965,848 shares during the last quarter. FMR LLC boosted its stake in GoDaddy by 60.4% in the second quarter. FMR LLC now owns 12,238,511 shares of the company’s stock valued at $381,719,000 after buying an additional 4,609,309 shares during the last quarter. Vanguard Group Inc. boosted its stake in GoDaddy by 60.8% in the second quarter. Vanguard Group Inc. now owns 4,725,249 shares of the company’s stock valued at $147,381,000 after buying an additional 1,786,473 shares during the last quarter. Finally, Columbia Wanger Asset Management LLC bought a new stake in GoDaddy during the second quarter valued at $37,167,000.
Several analysts recently weighed in on the company. Vetr lowered GoDaddy from a “strong-buy” rating to a “buy” rating and set a $39.00 price objective for the company. in a report on Thursday, October 6th. 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 report on Wednesday, October 5th. Summit Redstone assumed coverage on GoDaddy in a report on Monday, October 3rd. They issued a “buy” rating and a $41.00 price objective for the company. Piper Jaffray Cos. set a $40.00 price objective on GoDaddy and gave the company a “buy” rating in a report on Monday, September 19th. Finally, B. Riley reissued a “neutral” rating and issued a $33.50 price objective on shares of GoDaddy in a report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $37.63.
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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