Godaddy Inc. (GDDY): Matthew B. Kelpy , Chief Accounting Officer of Godaddy Inc. sold 10,000 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $30.82 per share for a total value of $308,176.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 15, 2016, Philip H. Bienert (Chief Marketing Officer) sold 7,500 shares at $30.49 per share price.On Apr 13, 2016, Elissa E. Murphy (CTO & EVP, Cloud Platforms) sold 15,000 shares at $30.25 per share price.Also, On Apr 13, 2016, James M. Carroll (EVP – International) sold 25,000 shares at $30.25 per share price.On Apr 13, 2016, Nima Kelly (EVP – General Counsel) sold 25,000 shares at $30.25 per share price.
Godaddy Inc: On Tuesday, May 10, 2016 heightened volatility was witnessed in Godaddy Inc which led to swings in the share price. The shares opened for trading at $30.24 and hit $30.93 on the upside , eventually ending the session at $30.85, with a gain of 2.12% or 0.64 points. The heightened volatility saw the trading volume jump to 9,71,019 shares. The 52-week high of the share price is $35.35 and the company has a market cap of $4,954 M . The 52-week low of the share price is at $21.04.
Company has been under the radar of several Street Analysts.Godaddy Inc is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 37 from a previous price target of $36 .The Rating was issued on May 5, 2016.Godaddy Inc is Initiated by Singular Research to Sell and the brokerage firm has set the Price Target at $21.75. The Rating was issued on Apr 5, 2016.
GoDaddy Inc. operates a Web domain marketplace godaddy.com. The Company is a technology provider to small businesses Web design professionals and individuals delivering cloud-based products and outcome-driven personalized Customer Care. The Company operates domain marketplace where its customers can find that piece of digital real estate that matches their idea. The Company provides Website building hosting and security tools to help customers construct and protect their online presence and tackle the changing technology landscape. It also provides applications that help them connect to its customers manage and grow their businesses and get found online. It has designed and developed a set of cloud-based technology products that enable its customers to establish a digital presence connect with their customers and manage their business operations. The Company’s products include domain hosting and presence and business applications.