Trade Report: Today, Insider Selling: GoDaddy Inc. (GDDY) EVP Sold $360,000.00 in Stock

Today, Insider Selling: GoDaddy Inc. (GDDY) EVP Sold $360,000.00 in Stock

GoDaddy Inc. (NYSE:GDDY) EVP Nima Kelly sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $36.00, for a total transaction of $360,000.00. Following the completion of the transaction, the executive vice president now directly owns 34,023 shares in the company, valued at approximately $1,224,828. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nima Kelly also recently made the following trade(s): On Friday, September 9th, Nima Kelly sold 46 shares of GoDaddy stock. The stock was sold at an average price of $32.44, for a total transaction of $1,492.24.

GoDaddy Inc. (NYSE:GDDY) opened at 35.64 on Monday. The firm’s market cap is $5.43 billion. GoDaddy Inc. has a 52-week low of $23.88 and a 52-week high of $36.30. The firm has a 50-day moving average of $33.87 and a 200 day moving average of $31.89.

GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.04. The firm earned $456.20 million during the quarter, compared to analyst estimates of $450.51 million. GoDaddy had a negative net margin of 1.26% and a negative return on equity of 3.30%. GoDaddy’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.46) earnings per share. On average, equities research analysts forecast that GoDaddy Inc. will post ($0.04) earnings per share for the current year.

Several brokerages have commented on GDDY. Zacks Investment Research lowered shares of GoDaddy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Piper Jaffray Cos. restated a “buy” rating and issued a $38.00 price target on shares of GoDaddy in a research note on Monday, July 18th. B. Riley restated a “neutral” rating and issued a $33.50 price target on shares of GoDaddy in a research note on Thursday, August 4th. Royal Bank Of Canada raised their price target on shares of GoDaddy from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. Finally, RBC Capital Markets restated an “outperform” rating and issued a $38.00 price target (up previously from $37.00) on shares of GoDaddy in a research note on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $37.63.

Institutional investors have recently added to or reduced their stakes in the stock. Aperio Group LLC raised its position in GoDaddy by 1.0% in the first quarter. Aperio Group LLC now owns 9,907 shares of the company’s stock worth $320,000 after buying an additional 98 shares during the period. TIAA CREF Investment Management LLC raised its position in GoDaddy by 83.1% in the first quarter. TIAA CREF Investment Management LLC now owns 241,785 shares of the company’s stock worth $7,817,000 after buying an additional 109,760 shares during the period. Franklin Resources Inc. raised its position in GoDaddy by 8.9% in the first quarter. Franklin Resources Inc. now owns 1,078,380 shares of the company’s stock worth $34,864,000 after buying an additional 88,490 shares during the period. BlackRock Inc. raised its position in GoDaddy by 46.3% in the first quarter. BlackRock Inc. now owns 12,808 shares of the company’s stock worth $414,000 after buying an additional 4,053 shares during the period. Finally, BlackRock Group LTD raised its position in GoDaddy by 19.2% in the first quarter. BlackRock Group LTD now owns 282,923 shares of the company’s stock worth $9,147,000 after buying an additional 45,538 shares during the period.

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