Blake Irving Sells 37,500 Shares of GoDaddy Inc. (GDDY) Stock
GoDaddy Inc. (NYSE:GDDY) CEO Blake Irving sold 37,500 shares of GoDaddy stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $43.67, for a total value of $1,637,625.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Blake Irving also recently made the following trade(s):
- On Tuesday, September 12th, Blake Irving sold 37,500 shares of GoDaddy stock. The shares were sold at an average price of $43.64, for a total value of $1,636,500.00.
- On Tuesday, August 8th, Blake Irving sold 37,500 shares of GoDaddy stock. The shares were sold at an average price of $42.47, for a total value of $1,592,625.00.
Shares of GoDaddy Inc. (NYSE GDDY) traded up 0.48% during mid-day trading on Thursday, hitting $44.13. The stock had a trading volume of 808,232 shares. GoDaddy Inc. has a 12 month low of $31.63 and a 12 month high of $45.37. The stock’s 50-day moving average is $43.87 and its 200 day moving average is $43.87. The company has a market cap of $4.91 billion, a PE ratio of 347.48 and a beta of 0.62.
GoDaddy (NYSE:GDDY) last released its earnings results on Tuesday, August 8th. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.10. GoDaddy had a return on equity of 6.05% and a net margin of 1.21%. The firm had revenue of $557.80 million during the quarter, compared to analysts’ expectations of $551.26 million. During the same quarter last year, the business posted ($0.11) earnings per share. The firm’s revenue was up 22.3% on a year-over-year basis. On average, equities research analysts forecast that GoDaddy Inc. will post $0.30 earnings per share for the current fiscal year.
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A number of research analysts have weighed in on GDDY shares. Oppenheimer Holdings, Inc. lifted their target price on GoDaddy from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, June 22nd. Stifel Nicolaus set a $41.00 price target on GoDaddy and gave the company a “hold” rating in a research report on Friday, June 23rd. Cantor Fitzgerald reiterated a “hold” rating on shares of GoDaddy in a research report on Monday, June 26th. Zacks Investment Research downgraded GoDaddy from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Finally, BidaskClub downgraded GoDaddy from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the stock. GoDaddy has an average rating of “Buy” and a consensus price target of $47.46.
Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado grew its position in shares of GoDaddy by 66.8% during the second quarter. Public Employees Retirement Association of Colorado now owns 2,462 shares of the technology company’s stock worth $104,000 after purchasing an additional 986 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in GoDaddy by 215.1% during the 1st 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 in the last quarter. SG Americas Securities LLC purchased a new position in GoDaddy during the 2nd quarter valued at approximately $118,000. Sei Investments Co. grew its holdings in GoDaddy by 160.4% during the 2nd quarter. Sei Investments Co. now owns 3,706 shares of the technology company’s stock valued at $158,000 after buying an additional 2,283 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in GoDaddy by 142.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,605 shares of the technology company’s stock valued at $195,000 after buying an additional 2,707 shares in the last quarter. Hedge funds and other institutional investors own 77.95% of the company’s stock.
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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