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

GoDaddy Inc. (NYSE:GDDY) CEO Blake Irving sold 50,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $48.53, for a total transaction of $2,426,500.00. Following the completion of the transaction, the chief executive officer now owns 53,106 shares in the company, valued at $2,577,234.18. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Tuesday, October 10th, Blake Irving sold 37,500 shares of GoDaddy stock. The shares were sold at an average price of $43.67, for a total transaction of $1,637,625.00.
  • On Tuesday, September 12th, Blake Irving sold 37,500 shares of GoDaddy stock. The shares were sold at an average price of $43.64, for a total transaction of $1,636,500.00.

Shares of GoDaddy Inc. (GDDY) opened at $49.55 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 5.15. The stock has a market cap of $8,017.18, a price-to-earnings ratio of 156.93, a price-to-earnings-growth ratio of 8.65 and a beta of 0.64. GoDaddy Inc. has a 12-month low of $33.06 and a 12-month high of $49.78.

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GDDY has been the topic of a number of research analyst reports. William Blair initiated coverage on shares of GoDaddy in a research note on Thursday, October 5th. They issued an “outperform” rating on the stock. BidaskClub lowered shares of GoDaddy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Piper Jaffray Companies raised their target price on shares of GoDaddy from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, November 13th. Royal Bank Of Canada reiterated an “outperform” rating on shares of GoDaddy in a research note on Saturday, August 26th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $55.00 target price on shares of GoDaddy in a research note on Wednesday, September 20th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $49.38.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Engineers Gate Manager LP grew its position in GoDaddy by 90.6% in the 2nd quarter. Engineers Gate Manager LP now owns 114,274 shares of the technology company’s stock worth $4,848,000 after purchasing an additional 54,328 shares during the last quarter. Victory Capital Management Inc. grew its position in GoDaddy by 5.3% in the 2nd quarter. Victory Capital Management Inc. now owns 1,629,173 shares of the technology company’s stock worth $69,110,000 after purchasing an additional 81,509 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of GoDaddy by 18.4% during the 1st quarter. Geode Capital Management LLC now owns 384,671 shares of the technology company’s stock worth $14,578,000 after acquiring an additional 59,759 shares during the period. State of Wisconsin Investment Board lifted its holdings 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 worth $662,000 after acquiring an additional 6,310 shares during the period. Finally, Vanguard Group Inc. lifted its holdings 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 worth $320,434,000 after acquiring an additional 1,598,137 shares during the period. Institutional investors own 78.93% of the company’s stock.

About GoDaddy

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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