Godaddy Inc (NYSE:GDDY) EVP Arne Josefsberg sold 45,000 shares of the firm’s stock in a transaction on Monday, June 25th. The stock was sold at an average price of $70.93, for a total value of $3,191,850.00. Following the transaction, the executive vice president now owns 28,348 shares in the company, valued at approximately $2,010,723.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Arne Josefsberg also recently made the following trade(s):
- On Wednesday, May 23rd, Arne Josefsberg sold 45,000 shares of Godaddy stock. The shares were sold at an average price of $70.75, for a total value of $3,183,750.00.
- On Tuesday, April 3rd, Arne Josefsberg sold 8,978 shares of Godaddy stock. The shares were sold at an average price of $58.95, for a total value of $529,253.10.
Shares of Godaddy traded down $1.95, hitting $68.79, during mid-day trading on Wednesday, according to MarketBeat.com. 2,225,900 shares of the stock traded hands, compared to its average volume of 1,632,970. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 4.04. Godaddy Inc has a twelve month low of $40.78 and a twelve month high of $75.18. The company has a market cap of $12.06 billion, a price-to-earnings ratio of 163.90, a price-to-earnings-growth ratio of 8.02 and a beta of 0.58.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GDDY. American International Group Inc. acquired a new stake in shares of Godaddy during the 4th quarter valued at $150,000. QS Investors LLC acquired a new stake in shares of Godaddy during the 4th quarter valued at $156,000. AXA acquired a new stake in shares of Godaddy during the 4th quarter valued at $201,000. US Bancorp DE boosted its holdings in shares of Godaddy by 10,297.6% during the 4th quarter. US Bancorp DE now owns 4,263 shares of the technology company’s stock valued at $214,000 after acquiring an additional 4,222 shares in the last quarter. Finally, Jefferies Group LLC acquired a new stake in shares of Godaddy during the 4th quarter valued at $231,000. 90.41% of the stock is currently owned by institutional investors.
Several brokerages have recently issued reports on GDDY. Goldman Sachs Group began coverage on Godaddy in a research note on Friday, March 23rd. They issued a “buy” rating on the stock. SunTrust Banks reiterated a “buy” rating and issued a $75.00 price target on shares of Godaddy in a research note on Thursday, March 29th. Jefferies Financial Group reiterated an “underperform” rating and issued a $76.00 price target on shares of Godaddy in a research note on Monday, May 7th. They noted that the move was a valuation call. Morgan Stanley lifted their price target on Godaddy from $64.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, May 9th. Finally, Oppenheimer lifted their price target on Godaddy from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, May 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Godaddy has an average rating of “Buy” and an average target price of $66.93.
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.
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