Godaddy Inc (NYSE:GDDY) Director Brian Sharples sold 800 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $70.28, for a total transaction of $56,224.00. Following the completion of the transaction, the director now directly owns 15,043 shares in the company, valued at approximately $1,057,222.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Brian Sharples also recently made the following trade(s):
- On Wednesday, May 15th, Brian Sharples sold 801 shares of Godaddy stock. The stock was sold at an average price of $73.63, for a total transaction of $58,977.63.
GDDY stock traded up $1.64 during trading on Friday, reaching $73.00. The company had a trading volume of 1,841,681 shares, compared to its average volume of 1,466,793. Godaddy Inc has a 52 week low of $56.67 and a 52 week high of $84.97. The stock has a market cap of $12.65 billion, a P/E ratio of 115.87, a P/E/G ratio of 5.75 and a beta of 0.63. The business’s 50 day moving average price is $72.04. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.82 and a current ratio of 0.82.
Godaddy (NYSE:GDDY) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.05). Godaddy had a return on equity of 11.89% and a net margin of 3.17%. The company had revenue of $710.00 million during the quarter, compared to the consensus estimate of $711.18 million. During the same period in the previous year, the company earned $0.02 earnings per share. Godaddy’s quarterly revenue was up 12.1% on a year-over-year basis. Analysts forecast that Godaddy Inc will post 0.73 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in GDDY. Lunia Capital LP increased its stake in shares of Godaddy by 5,352.6% during the fourth quarter. Lunia Capital LP now owns 10,922,121 shares of the technology company’s stock valued at $10,922,000 after purchasing an additional 10,721,812 shares in the last quarter. FMR LLC increased its stake in shares of Godaddy by 32.6% during the first quarter. FMR LLC now owns 8,332,155 shares of the technology company’s stock valued at $626,495,000 after purchasing an additional 2,046,952 shares in the last quarter. Norges Bank bought a new position in shares of Godaddy during the fourth quarter valued at approximately $110,379,000. BlackRock Inc. increased its stake in shares of Godaddy by 15.7% during the first quarter. BlackRock Inc. now owns 11,596,746 shares of the technology company’s stock valued at $871,958,000 after purchasing an additional 1,576,019 shares in the last quarter. Finally, Vanguard Group Inc increased its stake in shares of Godaddy by 12.0% during the third quarter. Vanguard Group Inc now owns 13,874,432 shares of the technology company’s stock valued at $1,156,988,000 after purchasing an additional 1,486,378 shares in the last quarter. 97.54% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of German American Bancorp. from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. SunTrust Banks upped their target price on shares of Lendingtree to $326.00 and gave the stock a “hold” rating in a research report on Monday, April 29th. They noted that the move was a valuation call. ValuEngine upgraded shares of WEX from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th. Barclays upped their target price on shares of WEX from $222.00 to $238.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. Finally, TheStreet lowered shares of Unit from a “c-” rating to a “d+” rating in a research report on Tuesday, May 21st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $89.25.
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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