Godaddy Inc (NYSE:GDDY) insider Barbara J. Rechterman sold 35,000 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $52.97, for a total transaction of $1,853,950.00. Following the completion of the transaction, the insider now directly owns 46,113 shares of the company’s stock, valued at approximately $2,442,605.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Godaddy Inc (NYSE:GDDY) traded up $1.01 during mid-day trading on Friday, hitting $52.37. 80,723 shares of the stock were exchanged, compared to its average volume of 1,053,451. The company has a debt-to-equity ratio of 5.15, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market cap of $8,946.58, a PE ratio of 197.55, a price-to-earnings-growth ratio of 5.62 and a beta of 0.72. Godaddy Inc has a 12 month low of $34.58 and a 12 month high of $56.20.
Godaddy (NYSE:GDDY) last issued its earnings results on Monday, November 6th. The technology company reported $0.07 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.07. Godaddy had a net margin of 2.34% and a return on equity of 7.89%. research analysts anticipate that Godaddy Inc will post 0.27 EPS for the current fiscal year.
GDDY has been the subject of several research analyst reports. BidaskClub raised shares of Godaddy from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 28th. Piper Jaffray Companies boosted their price target on shares of Godaddy from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, November 13th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $53.00 target price on shares of Godaddy in a research note on Wednesday, November 22nd. Jefferies Group upped their target price on shares of Godaddy from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Finally, B. Riley reaffirmed a “buy” rating and issued a $53.00 target price on shares of Godaddy in a research note on Wednesday, January 3rd. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $51.80.
Institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement Association of Colorado raised its holdings in Godaddy by 49.3% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 3,675 shares of the technology company’s stock valued at $160,000 after acquiring an additional 1,213 shares during the period. US Bancorp DE grew its position in shares of Godaddy by 10,297.6% during the 4th quarter. US Bancorp DE now owns 4,263 shares of the technology company’s stock worth $214,000 after purchasing an additional 4,222 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Godaddy by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,476 shares of the technology company’s stock worth $232,000 after purchasing an additional 397 shares in the last quarter. Koch Industries Inc. acquired a new position in shares of Godaddy during the 2nd quarter worth approximately $248,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Godaddy during the 4th quarter worth approximately $258,000. 84.66% of the stock is currently owned by hedge funds and other institutional investors.
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.
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