Godaddy Inc (GDDY) Insider Nima Kelly Sells 1,144 Shares of Stock

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Godaddy Inc (NYSE:GDDY) insider Nima Kelly sold 1,144 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $75.73, for a total transaction of $86,635.12. Following the completion of the transaction, the insider now owns 118,451 shares of the company’s stock, valued at approximately $8,970,294.23. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Friday, March 8th, Nima Kelly sold 683 shares of Godaddy stock. The shares were sold at an average price of $72.43, for a total transaction of $49,469.69.
  • On Monday, March 11th, Nima Kelly sold 1,683 shares of Godaddy stock. The shares were sold at an average price of $73.02, for a total transaction of $122,892.66.
  • On Thursday, February 28th, Nima Kelly sold 1,564 shares of Godaddy stock. The shares were sold at an average price of $75.87, for a total transaction of $118,660.68.

Shares of NYSE GDDY traded up $0.22 during midday trading on Friday, reaching $75.39. 1,537,197 shares of the stock were exchanged, compared to its average volume of 1,558,271. The company has a market cap of $13.16 billion, a PE ratio of 119.67, a price-to-earnings-growth ratio of 5.37 and a beta of 0.66. Godaddy Inc has a 52-week low of $56.67 and a 52-week high of $84.97. The company has a debt-to-equity ratio of 2.90, a current ratio of 0.76 and a quick ratio of 0.76.

Godaddy (NYSE:GDDY) last issued its quarterly earnings results on Wednesday, February 20th. The technology company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.15. The business had revenue of $696.00 million during the quarter, compared to the consensus estimate of $693.41 million. Godaddy had a net margin of 2.90% and a return on equity of 11.91%. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share. On average, analysts anticipate that Godaddy Inc will post 0.82 EPS for the current year.

GDDY has been the subject of several recent research reports. Morgan Stanley set a $88.00 target price on shares of Godaddy and gave the company a “buy” rating in a report on Wednesday, November 28th. Zacks Investment Research upgraded shares of Godaddy from a “sell” rating to a “hold” rating in a report on Monday, December 31st. Piper Jaffray Companies restated an “overweight” rating and set a $97.00 target price on shares of Godaddy in a report on Thursday, February 21st. They noted that the move was a valuation call. JPMorgan Chase & Co. raised their target price on shares of Godaddy to $83.00 and gave the company a “neutral” rating in a report on Thursday, February 21st. Finally, Citigroup raised their target price on shares of Godaddy from $82.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, February 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $85.17.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc grew its holdings in shares of Godaddy by 12.0% during the third quarter. Vanguard Group Inc now owns 13,874,432 shares of the technology company’s stock worth $1,156,988,000 after buying an additional 1,486,378 shares in the last quarter. Lunia Capital LP grew its holdings in shares of Godaddy by 5,352.6% during the fourth quarter. Lunia Capital LP now owns 10,922,121 shares of the technology company’s stock worth $10,922,000 after buying an additional 10,721,812 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Godaddy by 0.6% during the fourth quarter. BlackRock Inc. now owns 10,020,727 shares of the technology company’s stock worth $657,558,000 after buying an additional 55,258 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Godaddy by 1,389.9% during the third quarter. Janus Henderson Group PLC now owns 4,526,088 shares of the technology company’s stock worth $377,430,000 after buying an additional 4,222,308 shares in the last quarter. Finally, Brahman Capital Corp. grew its holdings in shares of Godaddy by 22.8% during the fourth quarter. Brahman Capital Corp. now owns 3,367,519 shares of the technology company’s stock worth $220,977,000 after buying an additional 624,221 shares in the last quarter. Institutional investors and hedge funds own 98.94% of the company’s stock.

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About Godaddy

GoDaddy Inc designs and develops cloud-based technology products for small businesses, Web design professionals, and individuals in the United States and internationally. It provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; hosting products, such as shared Website hosting, Website hosting on virtual private servers and virtual dedicated servers, managed hosting, and security.

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