Godaddy Inc (GDDY) CFO Raymond E. Winborne, Jr. Sells 75,000 Shares

Godaddy Inc (NYSE:GDDY) CFO Raymond E. Winborne, Jr. sold 75,000 shares of the stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $78.33, for a total transaction of $5,874,750.00. Following the sale, the chief financial officer now directly owns 101,831 shares in the company, valued at approximately $7,976,422.23. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of NYSE GDDY traded up $1.22 during mid-day trading on Monday, hitting $80.14. The company’s stock had a trading volume of 2,574,500 shares, compared to its average volume of 1,673,679. The firm has a market capitalization of $13.60 billion, a PE ratio of 191.48, a price-to-earnings-growth ratio of 8.46 and a beta of 0.58. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 3.56. Godaddy Inc has a one year low of $42.19 and a one year high of $80.81.

Godaddy (NYSE:GDDY) last issued its earnings results on Thursday, August 2nd. The technology company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. The company had revenue of $652.00 million for the quarter, compared to analyst estimates of $643.59 million. Godaddy had a net margin of 5.83% and a return on equity of 8.78%. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 EPS. equities research analysts anticipate that Godaddy Inc will post 0.55 earnings per share for the current fiscal year.

A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of Godaddy from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a report on Tuesday, August 14th. SunTrust Banks reissued a “buy” rating and set a $87.00 price objective on shares of Godaddy in a report on Monday, August 6th. Morgan Stanley increased their price objective on shares of Godaddy from $72.00 to $81.00 and gave the stock an “overweight” rating in a report on Monday, August 6th. JPMorgan Chase & Co. raised their target price on shares of Godaddy to $80.00 and gave the company a “neutral” rating in a research note on Friday, August 3rd. Finally, Barclays raised their target price on shares of Godaddy from $77.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, July 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $74.80.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement Association of Colorado raised its position in shares of Godaddy by 4.2% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 19,627 shares of the technology company’s stock valued at $1,386,000 after acquiring an additional 793 shares during the period. Comerica Bank raised its position in shares of Godaddy by 16.9% in the 2nd quarter. Comerica Bank now owns 5,832 shares of the technology company’s stock valued at $456,000 after acquiring an additional 842 shares during the period. World Asset Management Inc raised its position in shares of Godaddy by 25.2% in the 2nd quarter. World Asset Management Inc now owns 5,394 shares of the technology company’s stock valued at $381,000 after acquiring an additional 1,085 shares during the period. Guggenheim Capital LLC raised its position in shares of Godaddy by 7.1% in the 1st quarter. Guggenheim Capital LLC now owns 20,846 shares of the technology company’s stock valued at $1,280,000 after acquiring an additional 1,390 shares during the period. Finally, Great West Life Assurance Co. Can raised its position in shares of Godaddy by 10.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 16,045 shares of the technology company’s stock valued at $987,000 after acquiring an additional 1,526 shares during the period. 93.61% of the stock is currently owned by 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. It provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; hosting products, such as shared Website hosting, Website hosting on virtual private servers and virtual dedicated servers, managed hosting, and security.

Featured Story: Average Daily Trade Volume Explained

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

Receive News & Ratings for Godaddy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Godaddy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply