Godaddy Inc (NYSE:GDDY) CFO Raymond E. Winborne, Jr. sold 441 shares of Godaddy stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $71.67, for a total transaction of $31,606.47. Following the sale, the chief financial officer now owns 88,334 shares in the company, valued at $6,330,897.78. The sale was disclosed in a document filed with the SEC, which is available through this link.
Shares of NYSE:GDDY traded up $0.42 during midday trading on Friday, hitting $70.15. The stock had a trading volume of 2,423,334 shares, compared to its average volume of 1,547,511. The stock has a market cap of $12.43 billion, a P/E ratio of 111.35, a PEG ratio of 5.65 and a beta of 0.75. The company’s 50 day moving average price is $73.34. The company has a quick ratio of 0.82, a current 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 issued its earnings results on Thursday, May 2nd. The technology company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.05). The firm had revenue of $710.00 million during the quarter, compared to analysts’ expectations of $711.18 million. Godaddy had a net margin of 3.17% and a return on equity of 11.89%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 EPS. Equities analysts forecast that Godaddy Inc will post 0.73 earnings per share for the current fiscal year.
A number of research firms have 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 on the stock in a research note on Wednesday, April 17th. TheStreet lowered shares of Godaddy from a “b” rating to a “c” rating in a research note on Tuesday, May 21st. ValuEngine lowered shares of Godaddy from a “buy” rating to a “hold” rating in a research note on Thursday, June 13th. Barclays restated a “buy” rating and issued a $90.00 price objective on shares of Godaddy in a research note on Monday, May 6th. Finally, SunTrust Banks restated a “buy” rating and issued a $89.00 price objective on shares of Godaddy in a research note on Monday, April 29th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $89.25.
A number of hedge funds have recently added to or reduced their stakes in the stock. Tocqueville Asset Management L.P. boosted its holdings in Godaddy by 2.1% during the fourth quarter. Tocqueville Asset Management L.P. now owns 7,300 shares of the technology company’s stock worth $479,000 after buying an additional 150 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Godaddy by 36.0% in the first quarter. Signaturefd LLC now owns 722 shares of the technology company’s stock valued at $54,000 after purchasing an additional 191 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Godaddy by 15.8% in the fourth quarter. Parallel Advisors LLC now owns 1,516 shares of the technology company’s stock valued at $99,000 after buying an additional 207 shares during the last quarter. Lindbrook Capital LLC raised its position in shares of Godaddy by 65.4% in the first quarter. Lindbrook Capital LLC now owns 574 shares of the technology company’s stock valued at $43,000 after buying an additional 227 shares during the last quarter. Finally, WINTON GROUP Ltd raised its position in shares of Godaddy by 2.7% in the fourth quarter. WINTON GROUP Ltd now owns 9,989 shares of the technology company’s stock valued at $655,000 after buying an additional 265 shares during the last quarter. 97.54% of the stock is currently owned by hedge funds and other institutional investors.
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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