GoDaddy (NYSE:GDDY) EVP James M. Carroll sold 5,665 shares of the stock in a transaction on Tuesday, April 17th. The shares were sold at an average price of $62.48, for a total value of $353,949.20. Following the transaction, the executive vice president now directly owns 16,832 shares of the company’s stock, valued at $1,051,663.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of GDDY stock opened at $63.77 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 4.41. GoDaddy has a 52-week low of $37.25 and a 52-week high of $65.34. The firm has a market capitalization of $10,893.81, a P/E ratio of 202.72, a price-to-earnings-growth ratio of 7.74 and a beta of 0.55.
GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Thursday, February 22nd. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.02. GoDaddy had a return on equity of 9.87% and a net margin of 6.45%. The company had revenue of $602.20 million for the quarter, compared to the consensus estimate of $593.47 million. analysts predict that GoDaddy will post 0.42 EPS for the current year.
Several hedge funds have recently modified their holdings of the stock. Xact Kapitalforvaltning AB purchased a new stake in shares of GoDaddy in the fourth quarter worth $534,000. Envestnet Asset Management Inc. raised its position in shares of GoDaddy by 53.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 9,394 shares of the technology company’s stock worth $472,000 after buying an additional 3,269 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in shares of GoDaddy in the fourth quarter worth $628,000. Jane Street Group LLC raised its position in shares of GoDaddy by 560.7% in the fourth quarter. Jane Street Group LLC now owns 127,520 shares of the technology company’s stock worth $6,412,000 after buying an additional 108,220 shares in the last quarter. Finally, LPL Financial LLC raised its position in shares of GoDaddy by 8.3% in the fourth quarter. LPL Financial LLC now owns 13,250 shares of the technology company’s stock worth $666,000 after buying an additional 1,012 shares in the last quarter. Institutional investors own 86.87% of the company’s stock.
Several equities analysts have weighed in on the company. Deutsche Bank increased their price objective on GoDaddy from $60.00 to $72.00 and gave the company a “buy” rating in a report on Friday, February 23rd. William Blair restated a “buy” rating on shares of GoDaddy in a research report on Monday, April 2nd. JMP Securities increased their target price on GoDaddy from $68.00 to $74.00 and gave the stock an “outperform” rating in a research report on Monday, April 2nd. SunTrust Banks increased their target price on GoDaddy to $71.00 and gave the stock a “buy” rating in a research report on Friday, March 23rd. Finally, Goldman Sachs began coverage on GoDaddy in a research report on Friday, March 23rd. They set a “buy” rating on the stock. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. GoDaddy currently has a consensus rating of “Buy” and an average price target of $61.63.
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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