GoDaddy Inc. (GDDY) stock prices updated...
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GoDaddy Inc. stock price
GoDaddy Inc. latest news:
GoDaddy posts better-than-expected quarterly revenue
GoDaddy Inc(GDDY) better-than-expected quarterly revenue on Monday as the website hosting company expanded its customer base and earned more from each user, boosted by its recent acquisition of Host Europe Group. The company said its average revenue per user rose 5.5 percent to $134 as of Sept. 30, the end of the its third quarter.
GoDaddy's stock falls after 2nd share offering in 4 months
Shares of GoDaddy Inc. pulled back sharply Wednesday from a record close, after the cloud platform company announced a public stock offering, the second offering in four months. The company said late Tuesday that selling stockholders were offering 20 million shares of common stock, which represented about 12% of the total shares outstanding. Earlier Wednesday, GoDaddy said the offering priced at $44 a share, or 2.6% below Tuesday's record close of $45.18. The stock slumped 3.7% in afternoon trade, after running up 5.8% over the past week. Analyst Sameet Sinha at B. Riley said given that company fundamentals remain on track and the stock's reaction to the last stock offering, he recommended buying on weakness. The stock had dropped 2.3% on May 3 after the company announcing a 24 million share stock offering. It fell another 3.1% in intraday trade the following session, before reversing to close the session up 1.1%. GoDaddy have run up 24% year to date, while the S&P 500 has gained 9.9%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
GoDaddy slips as investors seek to sell shares in secondary offering
GoDaddy Inc. shares slipped in the extended session Tuesday after the domain name company announced that several investors were selling shares in a secondary offering of its shares. GoDaddy shares declined 2.5% to $44.05 after hours, after closing up 0.5% during the regular session. GoDaddy said the offering consists of 20 million shares held by Kohlberg Kravis Roberts & Co., Silver Lake Partners, Technology Crossover Ventures, and YAM Special Holdings Inc., which is owned by GoDaddy founder Bob Parsons. GoDaddy has about 165 million shares outstanding. Morgan Stanley and Goldman Sachs are the bookrunners for the offering. GoDaddy will not receive proceeds from the offering but the company is also offering 50,000 shares to pay for transaction expenses. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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