GoDaddy (NYSE:GDDY) CMO Barbara J. Rechterman sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 2nd. The stock was sold at an average price of $64.64, for a total transaction of $646,400.00. Following the sale, the chief marketing officer now directly owns 80,795 shares in the company, valued at $5,222,588.80. The sale was disclosed in a legal filing with the SEC, which is available through this link.
NYSE:GDDY opened at $70.65 on Friday. The firm has a market capitalization of $11.61 billion, a price-to-earnings ratio of 168.21, a P/E/G ratio of 8.45 and a beta of 0.55. GoDaddy has a 12 month low of $68.94 and a 12 month high of $69.74. 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 (NYSE:GDDY) last issued its quarterly earnings data on Tuesday, May 8th. The technology company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. GoDaddy had a net margin of 6.18% and a return on equity of 11.05%. The firm had revenue of $633.20 million during the quarter, compared to analysts’ expectations of $622.54 million. During the same period last year, the company earned $0.01 earnings per share. The business’s revenue was up 29.3% on a year-over-year basis. research analysts anticipate that GoDaddy will post 0.41 EPS for the current year.
A number of research analysts recently commented on GDDY shares. Deutsche Bank upped their price target on shares of GoDaddy from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. B. Riley increased their target price on shares of GoDaddy from $53.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Goldman Sachs initiated coverage on shares of GoDaddy in a research report on Friday, March 23rd. They set a “buy” rating on the stock. SunTrust Banks increased their target price on shares of GoDaddy to $71.00 and gave the stock a “buy” rating in a research report on Friday, March 23rd. Finally, William Blair reiterated a “buy” rating on shares of GoDaddy in a research report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. GoDaddy currently has a consensus rating of “Buy” and an average target price of $66.93.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American International Group Inc. bought a new position in shares of GoDaddy during the fourth quarter valued at about $150,000. QS Investors LLC bought a new position in shares of GoDaddy during the fourth quarter valued at about $156,000. AXA bought a new position in shares of GoDaddy during the fourth quarter valued at about $201,000. US Bancorp DE lifted its position in shares of GoDaddy by 10,297.6% during the fourth quarter. US Bancorp DE now owns 4,263 shares of the technology company’s stock valued at $214,000 after purchasing an additional 4,222 shares in the last quarter. Finally, Jefferies Group LLC bought a new position in shares of GoDaddy during the fourth quarter valued at about $231,000. 87.38% of the stock is currently owned by institutional investors.
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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