Godaddy Inc (GDDY) EVP Sells $3,191,850.00 in Stock

Godaddy Inc (NYSE:GDDY) EVP Arne Josefsberg sold 45,000 shares of Godaddy stock in a transaction that occurred on Monday, June 25th. The shares were sold at an average price of $70.93, for a total transaction of $3,191,850.00. Following the transaction, the executive vice president now directly owns 28,348 shares in the company, valued at $2,010,723.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Arne Josefsberg also recently made the following trade(s):

  • On Wednesday, May 23rd, Arne Josefsberg sold 45,000 shares of Godaddy stock. The shares were sold at an average price of $70.75, for a total transaction of $3,183,750.00.
  • On Tuesday, April 3rd, Arne Josefsberg sold 8,978 shares of Godaddy stock. The shares were sold at an average price of $58.95, for a total transaction of $529,253.10.

NYSE GDDY opened at $70.60 on Friday. Godaddy Inc has a 52 week low of $40.78 and a 52 week high of $75.18. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market cap of $11.92 billion, a PE ratio of 211.39, a PEG ratio of 7.93 and a beta of 0.58.

Godaddy (NYSE:GDDY) last posted its earnings results on Tuesday, May 8th. The technology company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. Godaddy had a net margin of 6.18% and a return on equity of 11.05%. The business had revenue of $633.20 million for the quarter, compared to analysts’ expectations of $622.54 million. During the same period in the previous year, the company posted $0.01 earnings per share. The business’s revenue for the quarter was up 29.3% compared to the same quarter last year. equities research analysts anticipate that Godaddy Inc will post 0.44 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. American International Group Inc. acquired a new position in shares of Godaddy during the fourth quarter worth $150,000. QS Investors LLC acquired a new position in shares of Godaddy during the fourth quarter worth $156,000. AXA acquired a new position in shares of Godaddy during the fourth quarter worth $201,000. US Bancorp DE lifted its position in shares of Godaddy by 10,297.6% during the fourth quarter. US Bancorp DE now owns 4,263 shares of the technology company’s stock worth $214,000 after purchasing an additional 4,222 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Godaddy during the first quarter worth $275,000. 90.41% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have weighed in on GDDY. Goldman Sachs Group began coverage on shares of Godaddy in a research report on Friday, March 23rd. They set a “buy” rating on the stock. SunTrust Banks reaffirmed a “buy” rating and set a $75.00 price target on shares of Godaddy in a research report on Thursday, March 29th. Jefferies Financial Group reaffirmed an “underperform” rating and set a $76.00 price target on shares of Godaddy in a research report on Monday, May 7th. They noted that the move was a valuation call. Morgan Stanley lifted their price target on shares of Godaddy from $64.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, May 9th. Finally, Oppenheimer lifted their price target on shares of Godaddy from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, May 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $66.93.

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.

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

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