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. B. Riley restated a “buy” rating and set a $53.00 price target on shares of Godaddy in a research report on Tuesday, December 5th. Royal Bank of Canada reissued a “buy” rating and issued a $53.00 price target on shares of Godaddy in a research note on Wednesday, November 22nd. Oppenheimer reaffirmed a “buy” rating on shares of Godaddy in a research note on Monday, November 20th. 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. Finally, Zacks Investment Research raised shares of Godaddy from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. 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.
Several institutional investors and hedge funds have recently added to or reduced their stakes in GDDY. Technology Crossover Management VII Ltd. lifted its position in Godaddy by 263.1% during the fourth quarter. Technology Crossover Management VII Ltd. now owns 25,790,717 shares of the technology company’s stock valued at $1,296,757,000 after buying an additional 18,688,095 shares in the last quarter. BlackRock Inc. raised its stake in shares of Godaddy by 15.0% during the fourth quarter. BlackRock Inc. now owns 5,029,012 shares of the technology company’s stock valued at $252,860,000 after purchasing an additional 654,239 shares during the period. Capital International Investors raised its stake in shares of Godaddy by 628.1% during the third quarter. Capital International Investors now owns 3,715,574 shares of the technology company’s stock valued at $161,665,000 after purchasing an additional 3,205,274 shares during the period. Renaissance Technologies LLC raised its stake in shares of Godaddy by 26.1% during the fourth quarter. Renaissance Technologies LLC now owns 2,992,900 shares of the technology company’s stock valued at $150,483,000 after purchasing an additional 619,500 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of Godaddy by 5.2% during the fourth quarter. First Trust Advisors LP now owns 2,770,644 shares of the technology company’s stock valued at $139,308,000 after purchasing an additional 136,115 shares during the period.
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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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