Blake Irving Sells 50,000 Shares of Godaddy Inc (GDDY) Stock

Godaddy Inc (NYSE:GDDY) CEO Blake Irving sold 50,000 shares of Godaddy stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $48.15, for a total value of $2,407,500.00. Following the completion of the sale, the chief executive officer now owns 53,106 shares of the company’s stock, valued at $2,557,053.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Tuesday, November 14th, Blake Irving sold 50,000 shares of Godaddy stock. The stock was sold at an average price of $48.53, for a total value of $2,426,500.00.
  • On Tuesday, October 10th, Blake Irving sold 37,500 shares of Godaddy stock. The stock was sold at an average price of $43.67, for a total value of $1,637,625.00.

Shares of Godaddy Inc (NYSE GDDY) traded up $0.21 on Thursday, hitting $48.42. The company had a trading volume of 1,148,300 shares, compared to its average volume of 1,248,964. The company has a debt-to-equity ratio of 5.15, a current ratio of 0.57 and a quick ratio of 0.57. Godaddy Inc has a 1-year low of $34.27 and a 1-year high of $51.29. The firm has a market cap of $8,038.05, a price-to-earnings ratio of 155.52, a PEG ratio of 8.73 and a beta of 0.65.

GDDY has been the subject of several analyst 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 target price on shares of Godaddy in a research report on Wednesday, November 22nd. Jefferies Group boosted their target price on Godaddy from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Finally, Piper Jaffray Companies boosted their target price on Godaddy from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, November 13th. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $50.43.

Several institutional investors and hedge funds have recently modified their holdings of GDDY. FMR LLC lifted its stake in Godaddy by 40.9% in the 2nd quarter. FMR LLC now owns 10,839,221 shares of the technology company’s stock valued at $459,800,000 after acquiring an additional 3,148,349 shares in the last quarter. Vanguard Group Inc. lifted its stake in Godaddy by 26.8% in the 2nd quarter. Vanguard Group Inc. now owns 7,553,811 shares of the technology company’s stock valued at $320,434,000 after acquiring an additional 1,598,137 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Godaddy by 6.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,206,386 shares of the technology company’s stock valued at $263,274,000 after acquiring an additional 387,731 shares in the last quarter. Capital International Investors lifted its stake in Godaddy by 628.1% in the 3rd quarter. Capital International Investors now owns 3,715,574 shares of the technology company’s stock valued at $161,665,000 after acquiring an additional 3,205,274 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in Godaddy by 33.1% in the 2nd quarter. BlackRock Inc. now owns 2,773,646 shares of the technology company’s stock valued at $117,659,000 after acquiring an additional 689,501 shares in the last quarter. Institutional investors and hedge funds own 84.26% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Godaddy (NYSE:GDDY)

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