GoDaddy Inc. (NYSE:GDDY) CEO Blake Irving sold 37,500 shares of GoDaddy stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $43.64, for a total value of $1,636,500.00. Following the sale, the chief executive officer now directly owns 40,606 shares in the company, valued at approximately $1,772,045.84. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Tuesday, August 8th, Blake Irving sold 37,500 shares of GoDaddy stock. The stock was sold at an average price of $42.47, for a total value of $1,592,625.00.
  • On Tuesday, July 11th, Blake Irving sold 37,500 shares of GoDaddy stock. The stock was sold at an average price of $42.23, for a total value of $1,583,625.00.

Shares of GoDaddy Inc. (NYSE GDDY) traded down 0.43% during mid-day trading on Thursday, reaching $43.75. The company had a trading volume of 1,743,891 shares. GoDaddy Inc. has a 12-month low of $31.63 and a 12-month high of $44.22. The firm’s 50 day moving average is $43.88 and its 200-day moving average is $39.83. The stock has a market capitalization of $4.87 billion, a P/E ratio of 344.49 and a beta of 0.64.

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, topping the Zacks’ consensus estimate of $0.03 by $0.10. The business had revenue of $557.80 million for the quarter, compared to the consensus estimate of $551.26 million. GoDaddy had a return on equity of 6.05% and a net margin of 1.21%. The firm’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.11) earnings per share. On average, analysts expect that GoDaddy Inc. will post $0.33 earnings per share for the current fiscal year.

WARNING: “GoDaddy Inc. (GDDY) CEO Blake Irving Sells 37,500 Shares” was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another site, it was stolen and republished in violation of United States and international copyright law. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/09/14/godaddy-inc-gddy-ceo-blake-irving-sells-37500-shares.html.

Several analysts have recently weighed in on the company. Zacks Investment Research lowered GoDaddy from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Deutsche Bank AG lifted their price objective on GoDaddy from $48.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, August 14th. B. Riley reissued a “buy” rating and set a $53.00 price objective on shares of GoDaddy in a report on Monday, July 24th. Royal Bank Of Canada reissued an “outperform” rating on shares of GoDaddy in a report on Saturday, August 26th. Finally, BidaskClub raised GoDaddy from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. GoDaddy currently has an average rating of “Buy” and an average target price of $46.47.

Several hedge funds have recently modified their holdings of GDDY. Teachers Advisors LLC boosted its holdings in shares of GoDaddy by 30.4% in the 4th quarter. Teachers Advisors LLC now owns 61,926 shares of the technology company’s stock valued at $2,164,000 after purchasing an additional 14,419 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of GoDaddy by 1.6% in the 1st quarter. Russell Investments Group Ltd. now owns 45,625 shares of the technology company’s stock valued at $1,728,000 after purchasing an additional 708 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of GoDaddy by 45.6% in the 1st quarter. Wells Fargo & Company MN now owns 51,901 shares of the technology company’s stock valued at $1,967,000 after purchasing an additional 16,243 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of GoDaddy by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 163,361 shares of the technology company’s stock valued at $6,192,000 after purchasing an additional 1,524 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of GoDaddy by 215.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,770 shares of the technology company’s stock valued at $105,000 after purchasing an additional 1,891 shares in the last quarter. 77.88% of the stock is currently owned by hedge funds and other institutional investors.

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)

Receive News & Ratings for GoDaddy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoDaddy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.