Nima Kelly Sells 1,000 Shares of GoDaddy Inc. (GDDY) Stock
GoDaddy Inc. (NYSE:GDDY) EVP Nima Kelly sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $41.80, for a total value of $41,800.00. Following the transaction, the executive vice president now directly owns 32,744 shares in the company, valued at $1,368,699.20. The sale was disclosed in a filing with the SEC, which is available through this link.
Nima Kelly also recently made the following trade(s):
- On Friday, June 9th, Nima Kelly sold 20,000 shares of GoDaddy stock. The shares were sold at an average price of $44.00, for a total value of $880,000.00.
- On Friday, May 26th, Nima Kelly sold 32,824 shares of GoDaddy stock. The shares were sold at an average price of $42.00, for a total value of $1,378,608.00.
Shares of GoDaddy Inc. (NYSE:GDDY) traded down 2.53% on Thursday, hitting $41.19. The stock had a trading volume of 1,182,952 shares. GoDaddy Inc. has a 12-month low of $31.59 and a 12-month high of $45.26. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 324.33 and a beta of 0.65. The stock has a 50 day moving average price of $42.66 and a 200-day moving average price of $39.58.
GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.10. The firm had revenue of $557.80 million for the quarter, compared to analysts’ expectations of $551.26 million. GoDaddy had a return on equity of 6.05% and a net margin of 1.21%. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.11) EPS. On average, equities analysts expect that GoDaddy Inc. will post $0.24 earnings per share for the current year.
GDDY has been the topic of several recent analyst reports. B. Riley reaffirmed a “buy” rating and set a $53.00 target price on shares of GoDaddy in a research report on Wednesday, July 19th. BidaskClub lowered GoDaddy from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Deutsche Bank AG upped their target price on GoDaddy from $48.00 to $51.00 and gave the company a “buy” rating in a research report on Monday. SunTrust Banks, Inc. initiated coverage on GoDaddy in a research report on Tuesday. They set a “buy” rating and a $50.00 target price on the stock. Finally, Cantor Fitzgerald reaffirmed a “hold” rating on shares of GoDaddy in a research report on Monday, June 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $45.86.
A number of institutional investors have recently modified their holdings of GDDY. BNP Paribas Arbitrage SA boosted its position in shares of GoDaddy by 215.1% in the first quarter. BNP Paribas Arbitrage SA now owns 2,770 shares of the technology company’s stock valued at $105,000 after buying an additional 1,891 shares during the period. Bank of New York Mellon Corp boosted its position in shares of GoDaddy by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 163,361 shares of the technology company’s stock valued at $6,192,000 after buying an additional 1,524 shares during the period. Capital Fund Management S.A. bought a new position in shares of GoDaddy during the first quarter valued at about $1,899,000. Algert Global LLC bought a new position in shares of GoDaddy during the first quarter valued at about $1,530,000. Finally, First Trust Advisors LP boosted its position in shares of GoDaddy by 4.5% in the first quarter. First Trust Advisors LP now owns 1,575,099 shares of the technology company’s stock valued at $59,696,000 after buying an additional 67,852 shares during the period.
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. 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.
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