Godaddy Inc (GDDY) Insider Sells $1,853,950.00 in Stock
Godaddy Inc (NYSE:GDDY) insider Barbara J. Rechterman sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $52.97, for a total value of $1,853,950.00. Following the sale, the insider now directly owns 46,113 shares of the company’s stock, valued at approximately $2,442,605.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Godaddy Inc (GDDY) traded down $2.41 during trading on Thursday, reaching $51.36. The company’s stock had a trading volume of 1,674,739 shares, compared to its average volume of 1,010,000. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 5.15. Godaddy Inc has a 12-month low of $34.58 and a 12-month high of $56.20. The firm has a market capitalization of $8,550.00 and a PE ratio of 395.08.
Godaddy (NYSE:GDDY) last announced its quarterly earnings data on Monday, November 6th. The technology company reported $0.07 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.07. Godaddy had a return on equity of 7.89% and a net margin of 2.34%. analysts expect that Godaddy Inc will post 0.27 earnings per share for the current fiscal year.
Several research firms recently commented on GDDY. B. Riley reaffirmed a “buy” rating and set a $53.00 target price on shares of Godaddy in a research note on Tuesday, November 7th. BidaskClub raised Godaddy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 28th. Piper Jaffray Companies raised their target price on Godaddy from $53.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, November 13th. Zacks Investment Research cut Godaddy from a “hold” rating to a “sell” rating in a research note on Thursday, January 18th. Finally, Stifel Nicolaus raised their target price on Godaddy from $41.00 to $44.00 and gave the stock a “hold” rating in a research note on Tuesday, November 7th. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $51.80.
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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.
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