Godaddy Inc (GDDY) EVP Sells $3,612,600.00 in Stock

Godaddy Inc (NYSE:GDDY) EVP Arne Josefsberg sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $80.28, for a total value of $3,612,600.00. Following the sale, the executive vice president now owns 31,545 shares of the company’s stock, valued at approximately $2,532,432.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Arne Josefsberg also recently made the following trade(s):

  • On Thursday, August 23rd, Arne Josefsberg sold 45,000 shares of Godaddy stock. The stock was sold at an average price of $75.83, for a total value of $3,412,350.00.
  • On Monday, July 23rd, Arne Josefsberg sold 45,000 shares of Godaddy stock. The stock was sold at an average price of $78.50, for a total value of $3,532,500.00.

NYSE:GDDY traded up $0.63 during trading hours on Wednesday, hitting $82.59. The company’s stock had a trading volume of 1,088,400 shares, compared to its average volume of 1,672,877. The stock has a market capitalization of $13.89 billion, a price-to-earnings ratio of 196.64, a PEG ratio of 8.63 and a beta of 0.63. The company has a debt-to-equity ratio of 3.56, a quick ratio of 0.73 and a current ratio of 0.73. Godaddy Inc has a 52-week low of $42.64 and a 52-week high of $84.67.

Godaddy (NYSE:GDDY) last announced its quarterly earnings results on Thursday, August 2nd. The technology company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. Godaddy had a return on equity of 8.78% and a net margin of 5.83%. The business had revenue of $652.00 million during the quarter, compared to analysts’ expectations of $643.59 million. During the same quarter last year, the business posted $0.10 earnings per share. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. analysts predict that Godaddy Inc will post 0.55 EPS for the current year.

Hedge funds have recently made changes to their positions in the company. Amalgamated Bank increased its position in shares of Godaddy by 30.4% in the second quarter. Amalgamated Bank now owns 35,017 shares of the technology company’s stock valued at $2,472,000 after buying an additional 8,157 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of Godaddy in the second quarter valued at $346,000. US Bancorp DE increased its position in shares of Godaddy by 25.6% in the second quarter. US Bancorp DE now owns 7,649 shares of the technology company’s stock valued at $540,000 after buying an additional 1,560 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in shares of Godaddy in the second quarter valued at $1,219,000. Finally, Bank of America Corp DE increased its position in shares of Godaddy by 154.4% in the second quarter. Bank of America Corp DE now owns 1,696,012 shares of the technology company’s stock valued at $119,738,000 after buying an additional 1,029,426 shares in the last quarter. Institutional investors and hedge funds own 93.61% of the company’s stock.

Several research analysts have issued reports on GDDY shares. Wedbush reiterated a “neutral” rating and issued a $85.00 price objective on shares of Godaddy in a research report on Thursday, September 13th. Zacks Investment Research cut Godaddy from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. Morgan Stanley increased their price objective on Godaddy from $72.00 to $81.00 and gave the stock an “overweight” rating in a research report on Monday, August 6th. TheStreet upgraded Godaddy from a “c+” rating to a “b-” rating in a research report on Friday, August 24th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $90.00 price objective on shares of Godaddy in a research report on Friday, July 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $77.00.

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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Insider Buying and Selling by Quarter for Godaddy (NYSE:GDDY)

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