Guess Who Just Picked Up Godaddy Inc. (NYSE:GDDY) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Godaddy Inc. (NYSE:GDDY) reported that Yam Special Holdings, Inc. has picked up 31,856,015 of common stock as of 2017-02-24.
The acquisition brings the aggregate amount owned by Yam Special Holdings, Inc. to a total of 31,856,015 representing a 36.4% stake in the company.
For those not familiar with the company, GoDaddy Inc. is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. The Company 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. It provides applications that enable connecting to customers and managing businesses. The Company provides search, discovery and recommendation tools, as well as a selection of domain name for ventures. It provides productivity tools, such as domain-specific e-mail, online storage, invoicing, bookkeeping and payment solutions to run ventures, as well as marketing products. Its hosting products are shared Website hosting, Website hosting on virtual dedicated servers and dedicated servers, managed hosting, security and cloud services and cloud applications.
A glance at Godaddy Inc. (NYSE:GDDY)’s key stats reveals a current market capitalization of 6.07 billion based on 86.41 million shares outstanding and a price at last close of $36.81 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-08-11, Kelpy picked up 4,000 at a purchase price of $19.64. This brings their total holding to 4,000as of the date of the filing.
On the sell side, the most recent transaction saw Robel unload 20,000 shares at a sale price of $36.51. This brings their total holding to 34,216.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Godaddy Inc. (NYSE:GDDY) as things move forward to see if its progress aligns with these transactions.
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