GoDaddy (NYSE:GDDY) Director Sells $30,744.00 in Stock

GoDaddy Inc. (NYSE:GDDY) Director Sigal Zarmi sold 350 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $87.84, for a total transaction of $30,744.00. Following the completion of the sale, the director owned 5,708 shares of the company’s stock, valued at approximately $501,390.72. This trade represents a 5.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GoDaddy Trading Down 0.3%

NYSE:GDDY opened at $84.59 on Friday. The company has a debt-to-equity ratio of 15.86, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market cap of $11.20 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 0.76 and a beta of 0.90. GoDaddy Inc. has a 52 week low of $73.06 and a 52 week high of $183.34. The firm has a 50-day moving average price of $85.70 and a two-hundred day moving average price of $99.60.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, April 30th. The technology company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.53 by $0.07. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.26 billion. GoDaddy had a net margin of 17.32% and a return on equity of 366.90%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $1.51 EPS. On average, equities analysts expect that GoDaddy Inc. will post 7.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GDDY. Cantor Fitzgerald decreased their price target on shares of GoDaddy from $130.00 to $90.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Benchmark decreased their price target on shares of GoDaddy from $195.00 to $185.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Wells Fargo & Company raised their price target on shares of GoDaddy from $77.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Jefferies Financial Group decreased their price target on shares of GoDaddy from $140.00 to $100.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. Finally, Citigroup dropped their price target on GoDaddy from $195.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $120.57.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GDDY. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of GoDaddy during the 4th quarter valued at $25,000. Rachor Investment Advisory Services LLC bought a new position in GoDaddy in the 4th quarter worth approximately $25,000. Activest Wealth Management boosted its holdings in GoDaddy by 6,600.0% in the 4th quarter. Activest Wealth Management now owns 201 shares of the technology company’s stock worth $25,000 after buying an additional 198 shares during the period. International Assets Investment Management LLC boosted its holdings in GoDaddy by 93.8% in the 1st quarter. International Assets Investment Management LLC now owns 372 shares of the technology company’s stock worth $30,000 after buying an additional 180 shares during the period. Finally, Harbour Investments Inc. boosted its holdings in GoDaddy by 191.0% in the 4th quarter. Harbour Investments Inc. now owns 259 shares of the technology company’s stock worth $32,000 after buying an additional 170 shares during the period. Hedge funds and other institutional investors own 90.28% of the company’s stock.

GoDaddy Company Profile

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.