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

Godaddy Inc (NYSE:GDDY) CEO Blake Irving sold 50,000 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $48.15, for a total transaction of $2,407,500.00. Following the completion of the sale, the chief executive officer now owns 53,106 shares in the company, valued at $2,557,053.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Tuesday, November 14th, Blake Irving sold 50,000 shares of Godaddy stock. The stock was sold at an average price of $48.53, for a total transaction of $2,426,500.00.
  • 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.

Godaddy Inc (GDDY) traded up $0.76 during midday trading on Friday, hitting $48.97. 2,301,900 shares of the stock were exchanged, compared to its average volume of 1,252,297. Godaddy Inc has a one year low of $34.27 and a one year high of $51.29. The company has a debt-to-equity ratio of 5.15, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market cap of $8,073.07, a P/E ratio of 156.19, a P/E/G ratio of 8.77 and a beta of 0.65.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Engineers Gate Manager LP increased its stake in shares of Godaddy by 90.6% during the 2nd quarter. Engineers Gate Manager LP now owns 114,274 shares of the technology company’s stock valued at $4,848,000 after acquiring an additional 54,328 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Godaddy by 5.3% during the 2nd quarter. Victory Capital Management Inc. now owns 1,629,173 shares of the technology company’s stock valued at $69,110,000 after acquiring an additional 81,509 shares during the last quarter. State of Wisconsin Investment Board increased its stake in shares of Godaddy by 67.9% during the 2nd quarter. State of Wisconsin Investment Board now owns 15,605 shares of the technology company’s stock valued at $662,000 after acquiring an additional 6,310 shares during the last quarter. Symmetry Peak Management LLC acquired a new position in shares of Godaddy during the 2nd quarter valued at about $848,000. Finally, Vanguard Group Inc. increased its stake in shares of Godaddy by 26.8% during the 2nd quarter. Vanguard Group Inc. now owns 7,553,811 shares of the technology company’s stock valued at $320,434,000 after acquiring an additional 1,598,137 shares during the last quarter. 84.26% of the stock is owned by institutional investors.

GDDY has been the topic of several recent research reports. Jefferies Group boosted their price objective on shares of Godaddy from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. B. Riley reiterated a “buy” rating and issued a $53.00 price objective on shares of Godaddy in a research report on Tuesday, December 5th. BidaskClub upgraded shares of Godaddy from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. Oppenheimer reiterated a “buy” rating on shares of Godaddy in a research report on Monday, November 20th. Finally, TheStreet raised shares of Godaddy from a “c-” rating to a “b-” rating in a research note on Tuesday, November 7th. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $50.43.

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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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