Godaddy Inc (NYSE:GDDY) EVP Nima Kelly sold 699 shares of Godaddy stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $48.48, for a total transaction of $33,887.52. Following the sale, the executive vice president now owns 28,235 shares of the company’s stock, valued at $1,368,832.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Nima Kelly also recently made the following trade(s):

  • On Monday, November 20th, Nima Kelly sold 38,672 shares of Godaddy stock. The shares were sold at an average price of $50.00, for a total transaction of $1,933,600.00.
  • On Tuesday, November 7th, Nima Kelly sold 8,112 shares of Godaddy stock. The shares were sold at an average price of $48.01, for a total transaction of $389,457.12.
  • On Wednesday, October 25th, Nima Kelly sold 8,112 shares of Godaddy stock. The stock was sold at an average price of $46.00, for a total value of $373,152.00.
  • On Tuesday, October 17th, Nima Kelly sold 1,000 shares of Godaddy stock. The stock was sold at an average price of $43.89, for a total value of $43,890.00.
  • On Tuesday, October 10th, Nima Kelly sold 1,000 shares of Godaddy stock. The stock was sold at an average price of $44.32, for a total value of $44,320.00.
  • On Tuesday, October 3rd, Nima Kelly sold 1,000 shares of Godaddy stock. The stock was sold at an average price of $43.46, for a total value of $43,460.00.
  • On Tuesday, September 26th, Nima Kelly sold 1,000 shares of Godaddy stock. The stock was sold at an average price of $43.31, for a total value of $43,310.00.
  • On Tuesday, September 19th, Nima Kelly sold 1,000 shares of Godaddy stock. The stock was sold at an average price of $44.60, for a total value of $44,600.00.

Shares of Godaddy Inc (GDDY) traded down $0.74 on Tuesday, reaching $48.21. The company’s stock had a trading volume of 1,232,297 shares, compared to its average volume of 1,249,386. The company has a debt-to-equity ratio of 5.15, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market cap of $8,149.76, a P/E ratio of 157.68, a PEG ratio of 8.69 and a beta of 0.65. Godaddy Inc has a 52 week low of $34.27 and a 52 week high of $51.29.

Institutional investors and hedge funds have recently modified their holdings of the business. Engineers Gate Manager LP raised its holdings in Godaddy by 90.6% in the 2nd quarter. Engineers Gate Manager LP now owns 114,274 shares of the technology company’s stock valued at $4,848,000 after acquiring an additional 54,328 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Godaddy by 5.3% during the 2nd quarter. Victory Capital Management Inc. now owns 1,629,173 shares of the technology company’s stock valued at $69,110,000 after buying an additional 81,509 shares during the period. State of Wisconsin Investment Board grew its stake in shares of Godaddy by 67.9% during the 2nd quarter. State of Wisconsin Investment Board now owns 15,605 shares of the technology company’s stock valued at $662,000 after buying an additional 6,310 shares during the period. Symmetry Peak Management LLC purchased a new stake in shares of Godaddy during the 2nd quarter valued at $848,000. Finally, Vanguard Group Inc. grew its stake in shares of Godaddy by 26.8% during the 2nd quarter. Vanguard Group Inc. now owns 7,553,811 shares of the technology company’s stock valued at $320,434,000 after buying an additional 1,598,137 shares during the period. Institutional investors own 84.26% of the company’s stock.

GDDY has been the subject of several research reports. BidaskClub upgraded Godaddy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 28th. William Blair initiated coverage on Godaddy in a research report on Thursday, October 5th. They set an “outperform” rating for the company. Royal Bank of Canada restated a “buy” rating and set a $53.00 price objective on shares of Godaddy in a research report on Wednesday, November 22nd. Piper Jaffray Companies lifted their price objective on Godaddy from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, November 13th. Finally, Stifel Nicolaus lifted their price objective on Godaddy from $41.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, November 7th. Six equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $50.43.

COPYRIGHT VIOLATION NOTICE: “Insider Selling: Godaddy Inc (GDDY) EVP Sells 699 Shares of Stock” was originally published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/12/12/insider-selling-godaddy-inc-gddy-evp-sells-699-shares-of-stock.html.

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