Nima Kelly Sells 1,000 Shares of Godaddy Inc (GDDY) Stock

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Godaddy Inc (NYSE:GDDY) insider Nima Kelly sold 1,000 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $75.51, for a total transaction of $75,510.00. Following the completion of the sale, the insider now owns 119,451 shares of the company’s stock, valued at approximately $9,019,745.01. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Wednesday, March 13th, Nima Kelly sold 1,144 shares of Godaddy stock. The shares were sold at an average price of $75.73, for a total transaction of $86,635.12.
  • 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 down $0.08 on Wednesday, reaching $75.85. 1,018,300 shares of the company were exchanged, compared to its average volume of 1,539,152. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.90. Godaddy Inc has a 1-year low of $56.67 and a 1-year high of $84.97. The stock has a market cap of $13.10 billion, a PE ratio of 120.40, a price-to-earnings-growth ratio of 5.35 and a beta of 0.66.

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

GDDY has been the topic of several recent research reports. TheStreet raised shares of Godaddy from a “c+” rating to a “b” rating in a research note on Thursday, February 21st. Citigroup boosted their price objective on shares of Godaddy from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, February 21st. Morgan Stanley set a $88.00 price objective on shares of Godaddy and gave the company a “buy” rating in a research note on Wednesday, November 28th. Zacks Investment Research raised shares of Godaddy from a “sell” rating to a “hold” rating in a research note on Monday, December 31st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Godaddy to $83.00 and gave the company a “neutral” rating in a research note on Thursday, February 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. Godaddy presently has a consensus rating of “Buy” and an average target price of $85.17.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc grew its stake in shares of Godaddy by 12.0% during the 3rd quarter. Vanguard Group Inc now owns 13,874,432 shares of the technology company’s stock worth $1,156,988,000 after purchasing an additional 1,486,378 shares during the period. Lunia Capital LP grew its stake in Godaddy by 5,352.6% in the 4th quarter. Lunia Capital LP now owns 10,922,121 shares of the technology company’s stock valued at $10,922,000 after acquiring an additional 10,721,812 shares during the last quarter. BlackRock Inc. grew its stake in Godaddy by 0.6% in the 4th quarter. BlackRock Inc. now owns 10,020,727 shares of the technology company’s stock valued at $657,558,000 after acquiring an additional 55,258 shares during the last quarter. Janus Henderson Group PLC grew its stake in Godaddy by 1,389.9% in the 3rd quarter. Janus Henderson Group PLC now owns 4,526,088 shares of the technology company’s stock valued at $377,430,000 after acquiring an additional 4,222,308 shares during the last quarter. Finally, Brahman Capital Corp. grew its stake in Godaddy by 22.8% in the 4th quarter. Brahman Capital Corp. now owns 3,367,519 shares of the technology company’s stock valued at $220,977,000 after acquiring an additional 624,221 shares during the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.

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Godaddy Company Profile

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

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