Godaddy Inc (GDDY) Insider Sells $618,777.90 in Stock

Godaddy Inc (NYSE:GDDY) insider Steven Aldrich sold 8,235 shares of the company’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $75.14, for a total value of $618,777.90. Following the completion of the sale, the insider now owns 47,021 shares of the company’s stock, valued at $3,533,157.94. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Steven Aldrich also recently made the following trade(s):

  • On Friday, February 22nd, Steven Aldrich sold 35,000 shares of Godaddy stock. The stock was sold at an average price of $75.22, for a total value of $2,632,700.00.

GDDY stock traded down $0.26 during mid-day trading on Thursday, reaching $75.17. The company had a trading volume of 873,884 shares, compared to its average volume of 1,558,694. The company has a debt-to-equity ratio of 2.90, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $13.16 billion, a P/E ratio of 119.32, a P/E/G ratio of 5.37 and a beta of 0.66. Godaddy Inc has a fifty-two week low of $56.67 and a fifty-two week high of $84.97.

Godaddy (NYSE:GDDY) last posted its quarterly earnings results on Wednesday, February 20th. The technology company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.15. The company had revenue of $696.00 million for the quarter, compared to analyst estimates of $693.41 million. Godaddy had a return on equity of 11.91% and a net margin of 2.90%. Godaddy’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. On average, analysts expect that Godaddy Inc will post 0.82 EPS for the current year.

Hedge funds have recently bought and sold shares of the business. Flinton Capital Management LLC purchased a new position in shares of Godaddy in the 4th quarter valued at about $27,000. Csenge Advisory Group purchased a new position in shares of Godaddy in the 3rd quarter valued at about $62,000. Parallel Advisors LLC increased its holdings in shares of Godaddy by 15.8% in the 4th quarter. Parallel Advisors LLC now owns 1,516 shares of the technology company’s stock valued at $99,000 after acquiring an additional 207 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new position in shares of Godaddy in the 3rd quarter valued at about $150,000. Finally, Korea Investment CORP purchased a new position in shares of Godaddy in the 3rd quarter valued at about $153,000. 98.94% of the stock is currently owned by institutional investors.

GDDY has been the subject of a number of research analyst reports. Morgan Stanley set a $88.00 price target on Godaddy and gave the stock a “buy” rating in a report on Wednesday, November 28th. Zacks Investment Research upgraded Godaddy from a “sell” rating to a “hold” rating in a report on Monday, December 31st. Piper Jaffray Companies reissued an “overweight” rating and set a $97.00 target price on shares of Godaddy in a research note on Thursday, February 21st. They noted that the move was a valuation call. JPMorgan Chase & Co. increased their target price on Godaddy to $83.00 and gave the stock a “neutral” rating in a research note on Thursday, February 21st. Finally, Citigroup increased their target price on Godaddy from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, February 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. Godaddy currently has an average rating of “Buy” and a consensus price target of $85.17.

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

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