GoDaddy (NYSE:GDDY) insider Barbara J. Rechterman sold 10,000 shares of the stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $63.99, for a total transaction of $639,900.00. Following the sale, the insider now owns 70,795 shares in the company, valued at approximately $4,530,172.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NYSE GDDY opened at $63.77 on Friday. GoDaddy has a 52 week low of $37.25 and a 52 week high of $65.34. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 4.41. The stock has a market capitalization of $10,885.42, a price-to-earnings ratio of 151.83, a PEG ratio of 7.73 and a beta of 0.55.
GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, February 22nd. The technology company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The business had revenue of $602.20 million during the quarter, compared to analysts’ expectations of $593.47 million. GoDaddy had a net margin of 6.45% and a return on equity of 9.87%. equities analysts expect that GoDaddy will post 0.42 earnings per share for the current year.
Several research firms recently weighed in on GDDY. ValuEngine upgraded shares of GoDaddy from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Summit Insights reiterated a “hold” rating on shares of GoDaddy in a research note on Wednesday, March 28th. SunTrust Banks reiterated a “buy” rating and set a $75.00 price objective on shares of GoDaddy in a research note on Thursday, March 29th. Piper Jaffray reiterated an “overweight” rating and set a $70.00 price objective on shares of GoDaddy in a research note on Friday, February 23rd. Finally, JMP Securities upped their target price on shares of GoDaddy from $68.00 to $74.00 and gave the stock an “outperform” rating in a research report on Monday, April 2nd. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $61.63.
Institutional investors have recently bought and sold shares of the company. American International Group Inc. bought a new position in shares of GoDaddy in the fourth quarter valued at approximately $150,000. QS Investors LLC bought a new position in shares of GoDaddy in the fourth quarter valued at approximately $156,000. AXA bought a new position in shares of GoDaddy in the fourth quarter valued at approximately $201,000. US Bancorp DE boosted its holdings in shares of GoDaddy by 10,297.6% in the fourth quarter. US Bancorp DE now owns 4,263 shares of the technology company’s stock valued at $214,000 after acquiring an additional 4,222 shares in the last quarter. Finally, Jefferies Group LLC bought a new position in shares of GoDaddy in the fourth quarter valued at approximately $231,000. Institutional investors and hedge funds own 86.87% of the company’s stock.
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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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