Insider Selling: Godaddy Inc (GDDY) Insider Sells 10,000 Shares of Stock

Godaddy Inc (NYSE:GDDY) insider Barbara J. Rechterman sold 10,000 shares of the company’s stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $59.95, for a total value of $599,500.00. Following the sale, the insider now owns 70,795 shares of the company’s stock, valued at $4,244,160.25. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of GDDY opened at $59.86 on Friday. Godaddy Inc has a 12-month low of $36.02 and a 12-month high of $64.49. 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 $10,232.16, a price-to-earnings ratio of 142.52, a PEG ratio of 7.27 and a beta of 0.55.

Godaddy (NYSE:GDDY) last issued its earnings results on Thursday, February 22nd. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Godaddy had a return on equity of 9.87% and a net margin of 6.45%. The business had revenue of $602.20 million during the quarter, compared to analysts’ expectations of $593.47 million. research analysts forecast that Godaddy Inc will post 0.42 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of GDDY. The Manufacturers Life Insurance Company increased its stake in shares of Godaddy by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 5,476 shares of the technology company’s stock valued at $232,000 after buying an additional 397 shares during the period. New York State Common Retirement Fund increased its stake in shares of Godaddy by 2.9% in the third quarter. New York State Common Retirement Fund now owns 179,600 shares of the technology company’s stock valued at $7,814,000 after buying an additional 5,142 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Godaddy by 48.3% in the third quarter. Bank of New York Mellon Corp now owns 362,619 shares of the technology company’s stock valued at $15,777,000 after buying an additional 118,109 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of Godaddy by 32.9% in the third quarter. Great West Life Assurance Co. Can now owns 12,243 shares of the technology company’s stock valued at $529,000 after buying an additional 3,032 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Godaddy by 86.5% in the third quarter. Legal & General Group Plc now owns 42,017 shares of the technology company’s stock valued at $1,828,000 after buying an additional 19,488 shares during the period. 86.87% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on GDDY shares. JPMorgan Chase downgraded Godaddy from an “overweight” rating to a “neutral” rating and set a $54.00 target price for the company. in a research report on Tuesday, December 12th. B. Riley reiterated a “buy” rating and set a $53.00 target price on shares of Godaddy in a research report on Wednesday, January 3rd. Zacks Investment Research downgraded Godaddy from a “hold” rating to a “sell” rating in a research report on Thursday, January 18th. Morgan Stanley upped their target price on Godaddy from $56.00 to $59.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Finally, Barclays upped their target price on Godaddy from $53.00 to $59.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $61.63.

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Godaddy Company Profile

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.

Insider Buying and Selling by Quarter for Godaddy (NYSE:GDDY)

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