Insider Selling: Godaddy Inc (NYSE:GDDY) Director Sells $46,830.70 in Stock

Godaddy Inc (NYSE:GDDY) Director Brian Sharples sold 745 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $62.86, for a total value of $46,830.70. Following the sale, the director now owns 13,498 shares in the company, valued at approximately $848,484.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, July 15th, Brian Sharples sold 800 shares of Godaddy stock. The stock was sold at an average price of $73.00, for a total value of $58,400.00.
  • On Monday, June 17th, Brian Sharples sold 800 shares of Godaddy stock. The stock was sold at an average price of $70.28, for a total value of $56,224.00.

NYSE:GDDY opened at $64.22 on Thursday. Godaddy Inc has a 1-year low of $56.67 and a 1-year high of $84.97. The business’s 50-day moving average price is $69.82 and its two-hundred day moving average price is $73.45. The firm has a market capitalization of $11.46 billion, a price-to-earnings ratio of 101.94, a PEG ratio of 7.26 and a beta of 0.63. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 2.64.

Godaddy (NYSE:GDDY) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). Godaddy had a return on equity of 11.44% and a net margin of 1.98%. The business had revenue of $737.20 million during the quarter, compared to the consensus estimate of $735.40 million. During the same quarter last year, the company earned $0.11 earnings per share. The firm’s revenue was up 13.1% compared to the same quarter last year. Sell-side analysts predict that Godaddy Inc will post 0.52 earnings per share for the current year.

Several brokerages have recently commented on GDDY. Barclays restated a “buy” rating and set a $90.00 target price on shares of Godaddy in a report on Monday, May 6th. Raymond James decreased their target price on Godaddy from $86.00 to $85.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. TheStreet lowered Godaddy from a “b” rating to a “c” rating in a research note on Tuesday, May 21st. SunTrust Banks reaffirmed a “buy” rating and set a $90.00 price target on shares of Godaddy in a research note on Thursday, August 1st. Finally, Morgan Stanley set a $95.00 price target on Godaddy and gave the company a “buy” rating in a research note on Friday, May 3rd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $88.89.

Institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC grew its position in shares of Godaddy by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 1,760,737 shares of the technology company’s stock valued at $115,466,000 after buying an additional 66,412 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Godaddy by 10.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 425,262 shares of the technology company’s stock valued at $27,900,000 after buying an additional 38,722 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Godaddy in the 1st quarter valued at about $355,000. IFM Investors Pty Ltd lifted its stake in shares of Godaddy by 21.2% in the 1st quarter. IFM Investors Pty Ltd now owns 11,655 shares of the technology company’s stock valued at $876,000 after purchasing an additional 2,036 shares during the period. Finally, Gulf International Bank UK Ltd lifted its stake in shares of Godaddy by 22.3% in the 1st quarter. Gulf International Bank UK Ltd now owns 42,478 shares of the technology company’s stock valued at $3,193,000 after purchasing an additional 7,750 shares during the period. Institutional investors own 98.15% of the company’s stock.

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

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