Insider Selling: Godaddy Inc (GDDY) Director Sells 1,200 Shares of Stock
Godaddy Inc (NYSE:GDDY) Director Brian Sharples sold 1,200 shares of Godaddy stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $80.88, for a total value of $97,056.00. Following the transaction, the director now owns 16,182 shares of the company’s stock, valued at approximately $1,308,800.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Brian Sharples also recently made the following trade(s):
- On Monday, August 6th, Brian Sharples sold 1,200 shares of Godaddy stock. The shares were sold at an average price of $75.65, for a total value of $90,780.00.
- On Thursday, July 5th, Brian Sharples sold 1,200 shares of Godaddy stock. The shares were sold at an average price of $72.00, for a total value of $86,400.00.
Shares of NYSE GDDY traded up $0.85 during midday trading on Friday, reaching $80.30. The company’s stock had a trading volume of 74,258 shares, compared to its average volume of 2,143,985. Godaddy Inc has a 12-month low of $42.54 and a 12-month high of $82.05. The company has a market capitalization of $13.67 billion, a PE ratio of 188.98, a PEG ratio of 8.50 and a beta of 0.63. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 3.56.
Several hedge funds and other institutional investors have recently made changes to their positions in GDDY. Wells Fargo & Company MN boosted its stake in shares of Godaddy by 42.8% in the 1st quarter. Wells Fargo & Company MN now owns 261,884 shares of the technology company’s stock worth $16,084,000 after buying an additional 78,552 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Godaddy by 3.2% in the 1st quarter. Rhumbline Advisers now owns 124,379 shares of the technology company’s stock worth $7,639,000 after buying an additional 3,868 shares during the last quarter. Atria Investments LLC purchased a new position in shares of Godaddy in the 1st quarter worth approximately $289,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Godaddy in the 1st quarter worth approximately $796,000. Finally, Mackay Shields LLC purchased a new position in shares of Godaddy in the 1st quarter worth approximately $10,190,000. Hedge funds and other institutional investors own 93.61% of the company’s stock.
A number of equities analysts have issued reports on GDDY shares. Zacks Investment Research upgraded Godaddy from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research note on Tuesday, July 10th. JPMorgan Chase & Co. lifted their price target on Godaddy to $80.00 and gave the company a “neutral” rating in a research note on Friday, August 3rd. TheStreet downgraded Godaddy from a “b” rating to a “c+” rating in a research note on Thursday, May 17th. Barclays lifted their price target on Godaddy from $77.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, July 23rd. Finally, SunTrust Banks reiterated a “buy” rating and set a $87.00 price target on shares of Godaddy in a research note on Monday, August 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $74.80.
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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