GoDaddy (NYSE:GDDY) CEO Scott Wagner sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 23rd. The shares were sold at an average price of $70.73, for a total value of $8,841,250.00. Following the transaction, the chief executive officer now directly owns 310,351 shares in the company, valued at approximately $21,951,126.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
GoDaddy traded up $0.49, reaching $71.25, during mid-day trading on Friday, MarketBeat.com reports. 115,117 shares of the company were exchanged, compared to its average volume of 1,837,681. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 4.04. The firm has a market cap of $12.11 billion, a P/E ratio of 169.52, a P/E/G ratio of 8.49 and a beta of 0.55. GoDaddy has a 12-month low of $40.55 and a 12-month high of $71.81.
GoDaddy (NYSE:GDDY) last posted its earnings results on Tuesday, May 8th. The technology company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The company had revenue of $633.20 million during the quarter, compared to analyst estimates of $622.54 million. GoDaddy had a return on equity of 11.05% and a net margin of 6.18%. GoDaddy’s revenue was up 29.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.01 earnings per share. equities analysts expect that GoDaddy will post 0.42 earnings per share for the current year.
A number of analysts recently issued reports on the company. Goldman Sachs Group assumed coverage on GoDaddy in a report on Friday, March 23rd. They issued a “buy” rating for the company. SunTrust Banks reiterated a “buy” rating and issued a $75.00 price target on shares of GoDaddy in a report on Thursday, March 29th. Jefferies Group reiterated an “underperform” rating and issued a $76.00 price target on shares of GoDaddy in a report on Monday, May 7th. They noted that the move was a valuation call. Citigroup boosted their price target on GoDaddy from $49.00 to $58.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $70.00 price target on shares of GoDaddy in a report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. GoDaddy currently has a consensus rating of “Buy” and a consensus target price of $66.93.
A number of institutional investors have recently bought and sold shares of GDDY. Technology Crossover Management VII Ltd. lifted its holdings 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 worth $1,296,757,000 after buying an additional 18,688,095 shares during the period. Winslow Capital Management LLC purchased a new stake in GoDaddy during the first quarter worth $257,700,000. Egerton Capital UK LLP purchased a new stake in GoDaddy during the fourth quarter worth $47,953,000. Millennium Management LLC lifted its holdings in GoDaddy by 157.6% during the first quarter. Millennium Management LLC now owns 1,072,631 shares of the technology company’s stock worth $65,881,000 after buying an additional 656,261 shares during the period. Finally, BlackRock Inc. lifted its holdings in GoDaddy by 15.0% during the fourth quarter. BlackRock Inc. now owns 5,029,012 shares of the technology company’s stock worth $252,860,000 after buying an additional 654,239 shares during the period. Institutional investors own 92.08% of the company’s stock.
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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