Godaddy Inc (NYSE:GDDY) EVP James M. Carroll sold 751 shares of Godaddy stock in a transaction on Monday, February 26th. The shares were sold at an average price of $61.45, for a total transaction of $46,148.95. Following the completion of the transaction, the executive vice president now directly owns 27,859 shares of the company’s stock, valued at approximately $1,711,935.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Godaddy Inc (NYSE:GDDY) traded up $0.77 during trading on Wednesday, hitting $63.34. 963,574 shares of the company’s stock traded hands, compared to its average volume of 1,374,903. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.59 and a quick ratio of 0.59. Godaddy Inc has a one year low of $35.74 and a one year high of $64.49. The firm has a market cap of $10,660.00 and a PE ratio of 98.58.
A number of equities analysts recently weighed in on GDDY shares. Royal Bank of Canada restated a “buy” rating and set a $53.00 price target on shares of Godaddy in a research report on Wednesday, November 22nd. Morgan Stanley boosted their price target on shares of Godaddy from $56.00 to $59.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Oppenheimer reissued a “buy” rating on shares of Godaddy in a research note on Monday, November 20th. Wedbush assumed coverage on shares of Godaddy in a research report on Friday, December 8th. They issued a “neutral” rating and a $52.00 price objective on the stock. Finally, Deutsche Bank increased their price objective on shares of Godaddy from $60.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $58.63.
Hedge funds have recently made changes to their positions in the business. Northern Trust Corp increased its stake in shares of Godaddy by 23.9% in the second quarter. Northern Trust Corp now owns 343,642 shares of the technology company’s stock worth $14,577,000 after buying an additional 66,350 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Godaddy by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 151,150 shares of the technology company’s stock worth $6,412,000 after buying an additional 11,160 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Godaddy by 117.4% in the second quarter. Royal Bank of Canada now owns 13,309 shares of the technology company’s stock worth $564,000 after buying an additional 90,017 shares during the last quarter. State Street Corp increased its stake in shares of Godaddy by 47.6% in the second quarter. State Street Corp now owns 872,913 shares of the technology company’s stock worth $37,030,000 after buying an additional 281,620 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Godaddy by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 5,476 shares of the technology company’s stock worth $232,000 after buying an additional 397 shares during the last quarter.
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GoDaddy Inc is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. It operates a domain marketplace, where its customers can find the digital real estate that matches their idea. It provides Website building, hosting and security tools to help customers construct and protect online presence.
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