Nima Kelly Sold 32,824 Shares of Godaddy Inc (GDDY) Shares

Nima Kelly Sold 32,824 Shares of Godaddy Inc (GDDY) Shares

Godaddy Inc (NYSE:GDDY) EVP Nima Kelly sold 32,824 shares of the company’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $42.00, for a total transaction of $1,378,608.00. Following the sale, the executive vice president now directly owns 35,632 shares of the company’s stock, valued at $1,496,544. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

Shares of Godaddy Inc (NYSE:GDDY) opened at 41.56 on Friday. The company’s market capitalization is $3.80 billion. Godaddy Inc has a one year low of $28.13 and a one year high of $42.18. The firm has a 50-day moving average of $39.30 and a 200-day moving average of $36.77.

Godaddy (NYSE:GDDY) last announced its earnings results on Tuesday, May 2nd. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.05. Godaddy had a negative return on equity of 2.14% and a negative net margin of 0.81%. The firm had revenue of $489.70 million during the quarter, compared to analyst estimates of $487.77 million. Equities research analysts expect that Godaddy Inc will post $0.19 EPS for the current fiscal year.

GDDY has been the subject of several recent analyst reports. Barclays PLC initiated coverage on shares of Godaddy in a report on Tuesday, March 28th. They set an “overweight” rating and a $45.00 price objective for the company. Piper Jaffray Companies reissued an “overweight” rating and issued a $50.00 price target (up from $46.00) on shares of Godaddy in a report on Tuesday, May 16th. Cantor Fitzgerald increased their price target on shares of Godaddy from $42.00 to $46.00 and gave the company an “overweight” rating in a report on Wednesday, May 3rd. Zacks Investment Research raised shares of Godaddy from a “hold” rating to a “strong-buy” rating and set a $41.00 price target for the company in a report on Tuesday, February 14th. Finally, Royal Bank of Canada set a $40.00 price target on shares of Godaddy and gave the company a “buy” rating in a report on Tuesday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Godaddy currently has an average rating of “Buy” and a consensus price target of $41.83.

A number of large investors have recently made changes to their positions in the company. Blue Rock Advisors LLC increased its position in shares of Godaddy by 0.6% in the third quarter. Blue Rock Advisors LLC now owns 11,415 shares of the technology company’s stock valued at $394,000 after buying an additional 68 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Godaddy by 7.3% in the third quarter. Rhumbline Advisers now owns 44,859 shares of the technology company’s stock worth $1,549,000 after buying an additional 3,038 shares during the period. California State Teachers Retirement System increased its stake in shares of Godaddy by 1.0% in the third quarter. California State Teachers Retirement System now owns 99,327 shares of the technology company’s stock worth $3,430,000 after buying an additional 1,000 shares during the period. AMP Capital Investors Ltd increased its stake in shares of Godaddy by 107.0% in the third quarter. AMP Capital Investors Ltd now owns 15,864 shares of the technology company’s stock worth $542,000 after buying an additional 8,200 shares during the period. Finally, United Services Automobile Association acquired a new stake in shares of Godaddy during the third quarter worth about $4,091,000.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GDDY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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