Insider Selling: Godaddy Inc (GDDY) Director Sells 1,200 Shares of Stock

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Godaddy Inc (NYSE:GDDY) Director Brian Sharples sold 1,200 shares of Godaddy stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $80.88, for a total value of $97,056.00. Following the completion of the transaction, the director now owns 16,182 shares of the company’s stock, valued at approximately $1,308,800.16. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Brian Sharples also recently made the following trade(s):

  • On Monday, August 6th, Brian Sharples sold 1,200 shares of Godaddy stock. The stock was sold at an average price of $75.65, for a total value of $90,780.00.
  • On Thursday, July 5th, Brian Sharples sold 1,200 shares of Godaddy stock. The stock was sold at an average price of $72.00, for a total value of $86,400.00.

Shares of GDDY stock traded up $0.11 on Thursday, reaching $79.45. 1,014,800 shares of the company’s stock were exchanged, compared to its average volume of 1,670,034. Godaddy Inc has a 52 week low of $42.54 and a 52 week high of $82.05. The company has a debt-to-equity ratio of 3.56, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $14.03 billion, a P/E ratio of 189.17, a P/E/G ratio of 8.73 and a beta of 0.63.

Godaddy (NYSE:GDDY) last issued its quarterly earnings results on Thursday, August 2nd. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.03. Godaddy had a return on equity of 8.78% and a net margin of 5.83%. The firm had revenue of $652.00 million during the quarter, compared to analyst estimates of $643.59 million. During the same period last year, the company earned $0.10 EPS. Godaddy’s quarterly revenue was up 16.8% compared to the same quarter last year. sell-side analysts forecast that Godaddy Inc will post 0.55 EPS for the current year.

A number of equities analysts have recently commented on GDDY shares. TheStreet upgraded Godaddy from a “c+” rating to a “b-” rating in a report on Friday, August 24th. SunTrust Banks lifted their target price on Godaddy to $87.00 and gave the stock a “buy” rating in a report on Monday, July 30th. Zacks Investment Research upgraded Godaddy from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a report on Wednesday, July 25th. JPMorgan Chase & Co. lifted their target price on Godaddy to $80.00 and gave the stock a “neutral” rating in a report on Friday, August 3rd. Finally, JMP Securities reiterated an “outperform” rating and issued a $84.00 target price on shares of Godaddy in a report on Wednesday, May 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Godaddy presently has an average rating of “Buy” and a consensus target price of $74.80.

Hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN raised its position in Godaddy by 42.8% during the 1st quarter. Wells Fargo & Company MN now owns 261,884 shares of the technology company’s stock valued at $16,084,000 after purchasing an additional 78,552 shares in the last quarter. Rhumbline Advisers raised its position in Godaddy by 3.2% during the 1st quarter. Rhumbline Advisers now owns 124,379 shares of the technology company’s stock valued at $7,639,000 after purchasing an additional 3,868 shares in the last quarter. Atria Investments LLC bought a new stake in Godaddy during the 1st quarter valued at $289,000. DekaBank Deutsche Girozentrale bought a new stake in Godaddy during the 1st quarter valued at $796,000. Finally, Mackay Shields LLC bought a new stake in Godaddy during the 1st quarter valued at $10,190,000. 93.61% of the stock is owned by hedge funds and other institutional investors.

Godaddy Company Profile

GoDaddy Inc designs and develops cloud-based technology products for small businesses, Web design professionals, and individuals in the United States and internationally. It provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; hosting products, such as shared Website hosting, Website hosting on virtual private servers and virtual dedicated servers, managed hosting, and security.

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