Godaddy Inc (NYSE:GDDY) Director Sells $57,800.00 in Stock

Godaddy Inc (NYSE:GDDY) Director Brian Sharples sold 850 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $68.00, for a total transaction of $57,800.00. Following the sale, the director now directly owns 10,948 shares in the company, valued at $744,464. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Brian Sharples also recently made the following trade(s):

  • On Tuesday, October 15th, Brian Sharples sold 850 shares of Godaddy stock. The stock was sold at an average price of $62.26, for a total transaction of $52,921.00.
  • On Monday, September 16th, Brian Sharples sold 850 shares of Godaddy stock. The stock was sold at an average price of $65.73, for a total transaction of $55,870.50.

Shares of NYSE:GDDY traded down $0.12 on Tuesday, hitting $68.24. The company had a trading volume of 1,087,119 shares, compared to its average volume of 1,599,576. Godaddy Inc has a 1-year low of $56.67 and a 1-year high of $82.30. The stock has a market cap of $11.73 billion, a price-to-earnings ratio of 108.32, a P/E/G ratio of 6.19 and a beta of 0.68. The stock has a 50 day moving average price of $64.90 and a 200 day moving average price of $69.02. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 3.78.

Godaddy (NYSE:GDDY) last released its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.20. Godaddy had a net margin of 4.10% and a return on equity of 19.05%. The firm had revenue of $760.50 million for the quarter, compared to the consensus estimate of $761.04 million. During the same period in the previous year, the company earned $0.08 earnings per share. The company’s quarterly revenue was up 11.9% on a year-over-year basis. Sell-side analysts anticipate that Godaddy Inc will post 0.79 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Redhawk Wealth Advisors Inc. acquired a new position in shares of Godaddy in the second quarter valued at $27,000. Commonwealth Bank of Australia increased its holdings in shares of Godaddy by 80.1% in the second quarter. Commonwealth Bank of Australia now owns 508 shares of the technology company’s stock valued at $35,000 after purchasing an additional 226 shares during the last quarter. CSat Investment Advisory L.P. acquired a new position in shares of Godaddy in the second quarter valued at about $66,000. Coastal Investment Advisors Inc. acquired a new position in shares of Godaddy in the third quarter valued at about $99,000. Finally, Parkside Financial Bank & Trust grew its stake in shares of Godaddy by 40.5% in the third quarter. Parkside Financial Bank & Trust now owns 1,738 shares of the technology company’s stock valued at $115,000 after acquiring an additional 501 shares in the last quarter. Hedge funds and other institutional investors own 94.11% of the company’s stock.

Several research firms have issued reports on GDDY. Barclays upped their price target on shares of Godaddy from $89.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. ValuEngine lowered shares of Godaddy from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Raymond James dropped their price target on shares of Godaddy from $86.00 to $85.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Wedbush reaffirmed a “neutral” rating on shares of Godaddy in a research report on Monday, November 4th. Finally, Piper Jaffray Companies dropped their price target on shares of Godaddy from $92.00 to $91.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $88.63.

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. The company provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; and hosting products, including shared Website hosting, Website hosting on virtual private servers and virtual dedicated servers, managed hosting, and security.

Featured Article: How Buying a Call Option Works

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

Receive News & Ratings for Godaddy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Godaddy and related companies with MarketBeat.com's FREE daily email newsletter.