Godaddy Inc (NYSE:GDDY) EVP Arne Josefsberg sold 2,941 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $60.36, for a total transaction of $177,518.76. Following the sale, the executive vice president now owns 12,910 shares in the company, valued at $779,247.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Godaddy Inc (NYSE GDDY) traded down $0.45 during mid-day trading on Thursday, hitting $59.36. The stock had a trading volume of 6,991,606 shares, compared to its average volume of 1,340,078. The firm has a market capitalization of $9,880.00 and a P/E ratio of 282.67. Godaddy Inc has a 1-year low of $35.72 and a 1-year high of $61.85. The company has a debt-to-equity ratio of 5.15, a current ratio of 0.57 and a quick ratio of 0.57.
Several brokerages have commented on GDDY. Citigroup increased their price target on shares of Godaddy from $49.00 to $58.00 and gave the company a “neutral” rating in a research note on Monday. Morgan Stanley increased their price target on shares of Godaddy from $59.00 to $64.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Stifel Nicolaus reiterated a “hold” rating and issued a $52.00 price target (up from $44.00) on shares of Godaddy in a research note on Friday, February 23rd. JMP Securities increased their price target on shares of Godaddy from $60.00 to $68.00 and gave the company a “market outperform” rating in a research note on Friday, February 23rd. Finally, Deutsche Bank increased their price target on shares of Godaddy from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Godaddy has an average rating of “Buy” and a consensus target price of $58.63.
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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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