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

Godaddy Inc (NYSE:GDDY) Director Blake Irving sold 50,000 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $50.95, for a total value of $2,547,500.00. Following the sale, the director now owns 53,106 shares in the company, valued at $2,705,750.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Tuesday, December 12th, Blake Irving sold 50,000 shares of Godaddy stock. The shares were sold at an average price of $48.15, for a total value of $2,407,500.00.
  • On Tuesday, November 14th, Blake Irving sold 50,000 shares of Godaddy stock. The shares were sold at an average price of $48.53, for a total value of $2,426,500.00.

Shares of Godaddy Inc (NYSE GDDY) traded up $0.38 during trading on Friday, hitting $51.30. The stock had a trading volume of 572,800 shares, compared to its average volume of 1,132,475. The company has a debt-to-equity ratio of 5.15, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market cap of $8,540.00 and a price-to-earnings ratio of 394.62. Godaddy Inc has a 12-month low of $34.40 and a 12-month high of $51.49.

GDDY has been the topic of a number of analyst reports. Jefferies Group reiterated a “buy” rating and set a $55.00 price objective on shares of Godaddy in a research note on Wednesday, September 20th. William Blair assumed coverage on Godaddy in a research note on Thursday, October 5th. They issued an “outperform” rating on the stock. Zacks Investment Research lowered Godaddy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. B. Riley restated a “buy” rating and issued a $53.00 target price on shares of Godaddy in a research note on Thursday, October 26th. Finally, BidaskClub upgraded Godaddy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 28th. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $50.43.

Several institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in shares of Godaddy by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,476 shares of the technology company’s stock valued at $232,000 after purchasing an additional 397 shares during the last quarter. Symphony Asset Management LLC increased its position in shares of Godaddy by 4.0% during the 2nd quarter. Symphony Asset Management LLC now owns 13,044 shares of the technology company’s stock valued at $553,000 after purchasing an additional 501 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Godaddy by 6.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,620 shares of the technology company’s stock valued at $493,000 after acquiring an additional 728 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in Godaddy by 49.3% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 3,675 shares of the technology company’s stock valued at $160,000 after acquiring an additional 1,213 shares during the period. Finally, Aperio Group LLC boosted its holdings in Godaddy by 23.3% during the 3rd quarter. Aperio Group LLC now owns 8,624 shares of the technology company’s stock valued at $375,000 after acquiring an additional 1,631 shares during the period. Hedge funds and other institutional investors own 84.43% 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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