Godaddy Inc (GDDY) Insider Sells $599,500.00 in Stock

Godaddy Inc (NYSE:GDDY) insider Barbara J. Rechterman sold 10,000 shares of the stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $59.95, for a total transaction of $599,500.00. Following the transaction, the insider now owns 70,795 shares in the company, valued at approximately $4,244,160.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Godaddy stock traded down $1.07 on Friday, reaching $59.86. 1,136,804 shares of the stock were exchanged, compared to its average volume of 1,409,150. Godaddy Inc has a one year low of $36.02 and a one year high of $64.49. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 4.41. The company has a market cap of $10,171.70, a PE ratio of 142.52, a price-to-earnings-growth ratio of 7.23 and a beta of 0.55.

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Godaddy (NYSE:GDDY) last issued its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.02. Godaddy had a net margin of 6.45% and a return on equity of 9.87%. The company had revenue of $602.20 million during the quarter, compared to the consensus estimate of $593.47 million. research analysts forecast that Godaddy Inc will post 0.42 earnings per share for the current year.

A number of brokerages have issued reports on GDDY. Goldman Sachs began coverage on shares of Godaddy in a research report on Friday, March 23rd. They set a “buy” rating on the stock. SunTrust Banks restated a “buy” rating and set a $75.00 target price on shares of Godaddy in a research report on Thursday, March 29th. Piper Jaffray restated an “overweight” rating and set a $70.00 target price on shares of Godaddy in a research report on Friday, February 23rd. Citigroup increased their target price on shares of Godaddy from $49.00 to $58.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Finally, JMP Securities increased their target price on shares of Godaddy from $68.00 to $74.00 and gave the stock an “outperform” rating in a research report on Monday. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $61.63.

Institutional investors have recently modified their holdings of the company. American International Group Inc. bought a new stake in shares of Godaddy during the 4th quarter worth approximately $150,000. QS Investors LLC bought a new stake in shares of Godaddy during the 4th quarter worth approximately $156,000. AXA bought a new position in Godaddy in the 4th quarter valued at approximately $201,000. US Bancorp DE lifted its stake in Godaddy by 10,297.6% in the 4th quarter. US Bancorp DE now owns 4,263 shares of the technology company’s stock valued at $214,000 after purchasing an additional 4,222 shares during the last quarter. Finally, Jefferies Group LLC bought a new position in Godaddy in the 4th quarter valued at approximately $231,000. 86.87% of the stock is owned by institutional investors.

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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.

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

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