Godaddy Inc (GDDY) Director Brian Sharples Sells 1,200 Shares

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Godaddy Inc (NYSE:GDDY) Director Brian Sharples sold 1,200 shares of the business’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $73.47, for a total value of $88,164.00. Following the transaction, the director now owns 13,782 shares in the company, valued at approximately $1,012,563.54. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Thursday, October 4th, Brian Sharples sold 1,200 shares of Godaddy stock. The shares were sold at an average price of $81.94, for a total value of $98,328.00.
  • On Tuesday, September 4th, Brian Sharples sold 1,200 shares of Godaddy stock. The shares were sold at an average price of $80.88, for a total value of $97,056.00.

Shares of GDDY opened at $72.50 on Wednesday. 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 52 week low of $45.87 and a 52 week high of $84.97. The company has a market capitalization of $12.66 billion, a PE ratio of 172.62, a P/E/G ratio of 8.18 and a beta of 0.84.

Godaddy (NYSE:GDDY) last issued its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.10). Godaddy had a return on equity of 8.78% and a net margin of 5.83%. The company had revenue of $679.50 million during the quarter, compared to the consensus estimate of $673.79 million. During the same period in the prior year, the firm earned $0.17 earnings per share. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. As a group, analysts forecast that Godaddy Inc will post 0.53 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of GDDY. BlackRock Inc. boosted its position in shares of Godaddy by 61.1% in the 2nd quarter. BlackRock Inc. now owns 8,629,570 shares of the technology company’s stock worth $609,247,000 after purchasing an additional 3,271,953 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of Godaddy by 599.6% in the 2nd quarter. Voya Investment Management LLC now owns 1,833,104 shares of the technology company’s stock worth $129,417,000 after purchasing an additional 1,571,091 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Godaddy by 154.4% in the 2nd quarter. Bank of America Corp DE now owns 1,696,012 shares of the technology company’s stock worth $119,738,000 after purchasing an additional 1,029,426 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Godaddy by 20.8% in the 2nd quarter. First Trust Advisors LP now owns 3,549,257 shares of the technology company’s stock worth $250,578,000 after purchasing an additional 611,798 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Godaddy in the 2nd quarter worth approximately $31,234,000. 93.88% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on GDDY shares. Zacks Investment Research upgraded Godaddy from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a report on Tuesday, July 10th. Piper Jaffray Companies restated an “overweight” rating and set a $90.00 price target on shares of Godaddy in a report on Friday, July 20th. Barclays boosted their price target on Godaddy from $77.00 to $84.00 and gave the company an “overweight” rating in a report on Monday, July 23rd. SunTrust Banks boosted their price target on Godaddy to $87.00 and gave the company a “buy” rating in a report on Monday, July 30th. Finally, JPMorgan Chase & Co. boosted their price target on Godaddy to $80.00 and gave the company a “neutral” rating in a report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $77.60.

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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.

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