Godaddy Inc (NYSE:GDDY) Director Sells $56,224.00 in Stock

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Godaddy Inc (NYSE:GDDY) Director Brian Sharples sold 800 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $70.28, for a total transaction of $56,224.00. Following the completion of the sale, the director now owns 15,043 shares of the company’s stock, valued at approximately $1,057,222.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • On Wednesday, May 15th, Brian Sharples sold 801 shares of Godaddy stock. The shares were sold at an average price of $73.63, for a total transaction of $58,977.63.

NYSE GDDY traded up $0.94 on Wednesday, reaching $72.34. The company had a trading volume of 1,555,700 shares, compared to its average volume of 1,486,562. The firm has a market cap of $12.73 billion, a PE ratio of 114.83, a PEG ratio of 5.74 and a beta of 0.75. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.72. Godaddy Inc has a 1-year low of $56.67 and a 1-year high of $84.97.

Godaddy (NYSE:GDDY) last announced its earnings results on Thursday, May 2nd. The technology company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.05). The company had revenue of $710.00 million during the quarter, compared to analyst estimates of $711.18 million. Godaddy had a return on equity of 11.89% and a net margin of 3.17%. Godaddy’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.02 earnings per share. Equities research analysts forecast that Godaddy Inc will post 0.73 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Flinton Capital Management LLC acquired a new position in Godaddy in the 4th quarter worth $27,000. Berman Capital Advisors LLC boosted its stake in shares of Godaddy by 205.4% during the 1st quarter. Berman Capital Advisors LLC now owns 452 shares of the technology company’s stock worth $33,000 after buying an additional 304 shares during the last quarter. Lindbrook Capital LLC boosted its stake in shares of Godaddy by 65.4% during the 1st quarter. Lindbrook Capital LLC now owns 574 shares of the technology company’s stock worth $43,000 after buying an additional 227 shares during the last quarter. Icon Wealth Partners LLC acquired a new position in shares of Godaddy during the 1st quarter worth about $45,000. Finally, Signaturefd LLC boosted its stake in shares of Godaddy by 36.0% during the 1st quarter. Signaturefd LLC now owns 722 shares of the technology company’s stock worth $54,000 after buying an additional 191 shares during the last quarter. 97.54% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently commented on GDDY. Zacks Investment Research upgraded shares of Godaddy from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research report on Wednesday, April 17th. ValuEngine cut shares of Godaddy from a “buy” rating to a “hold” rating in a research report on Thursday, June 13th. TheStreet lowered shares of Godaddy from a “b” rating to a “c” rating in a research note on Tuesday, May 21st. Barclays reaffirmed a “buy” rating and issued a $90.00 target price on shares of Godaddy in a research note on Monday, May 6th. Finally, JPMorgan Chase & Co. upped their target price on shares of Godaddy to $83.00 and gave the stock a “neutral” rating in a research note on Thursday, February 21st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $89.25.

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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. The company provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; and hosting products, including shared Website hosting, Website hosting on virtual private servers and virtual dedicated servers, managed hosting, and security.

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