Insider Selling: Godaddy Inc (GDDY) CEO Sells 50,000 Shares of Stock

Godaddy Inc (NYSE:GDDY) CEO Blake Irving sold 50,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $48.53, for a total transaction of $2,426,500.00. Following the completion of the sale, the chief executive officer now directly owns 53,106 shares of the company’s stock, valued at approximately $2,577,234.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • 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 transaction of $1,637,625.00.
  • 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 transaction of $1,636,500.00.

Godaddy Inc (GDDY) traded down $0.68 during mid-day trading on Monday, hitting $47.32. The stock had a trading volume of 2,125,466 shares, compared to its average volume of 1,212,944. The firm has a market capitalization of $8,003.04, a P/E ratio of 154.84, a P/E/G ratio of 8.54 and a beta of 0.65. Godaddy Inc has a 1-year low of $33.55 and a 1-year high of $51.29. The company has a debt-to-equity ratio of 5.15, a current ratio of 0.57 and a quick ratio of 0.57.

Several brokerages have recently weighed in on GDDY. B. Riley reaffirmed a “buy” rating and issued a $53.00 target price on shares of Godaddy in a research report on Wednesday, August 9th. Oppenheimer boosted their price target on shares of Godaddy from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Thursday, August 10th. Raymond James Financial boosted their price target on shares of Godaddy from $47.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Stifel Nicolaus set a $41.00 target price on shares of Godaddy and gave the stock a “hold” rating in a research note on Wednesday, August 9th. Finally, Royal Bank Of Canada upped their target price on shares of Godaddy from $44.00 to $47.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $49.38.

A number of large investors have recently added to or reduced their stakes in the business. Capital International Investors increased its position in shares of Godaddy by 628.1% in the third quarter. Capital International Investors now owns 3,715,574 shares of the technology company’s stock valued at $161,665,000 after buying an additional 3,205,274 shares in the last quarter. FMR LLC increased its position in shares of Godaddy by 40.9% in the second quarter. FMR LLC now owns 10,839,221 shares of the technology company’s stock valued at $459,800,000 after buying an additional 3,148,349 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Godaddy by 26.8% in the second 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 in the last quarter. Marshall Wace North America L.P. increased its position in shares of Godaddy by 280.7% in the second quarter. Marshall Wace North America L.P. now owns 2,134,170 shares of the technology company’s stock valued at $89,635,000 after buying an additional 1,573,572 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Godaddy by 273.0% in the second quarter. Ameriprise Financial Inc. now owns 1,241,565 shares of the technology company’s stock valued at $52,668,000 after buying an additional 908,685 shares in the last quarter. Hedge funds and other institutional investors 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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