Brian Sharples Sells 850 Shares of Godaddy Inc (NYSE:GDDY) Stock

Godaddy Inc (NYSE:GDDY) Director Brian Sharples sold 850 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $62.26, for a total value of $52,921.00. Following the completion of the sale, the director now owns 11,798 shares of the company’s stock, valued at $734,543.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • 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 value of $55,870.50.
  • On Thursday, August 15th, Brian Sharples sold 745 shares of Godaddy stock. The stock was sold at an average price of $62.86, for a total value of $46,830.70.

GDDY traded down $4.03 on Friday, hitting $69.00. The company had a trading volume of 2,751,732 shares, compared to its average volume of 1,602,668. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $11.10 billion, a price-to-earnings ratio of 109.52, a P/E/G ratio of 9.25 and a beta of 0.68. The stock has a fifty day moving average price of $64.51 and a 200-day moving average price of $69.57. Godaddy Inc has a 12-month low of $56.67 and a 12-month high of $82.30.

Godaddy (NYSE:GDDY) last issued its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.20. The business had revenue of $760.50 million during the quarter, compared to the consensus estimate of $761.04 million. Godaddy had a return on equity of 11.44% and a net margin of 1.98%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company earned $0.08 earnings per share. Analysts forecast that Godaddy Inc will post 0.48 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in GDDY. BlackRock Inc. lifted its holdings in shares of Godaddy by 23.7% during the second quarter. BlackRock Inc. now owns 14,344,269 shares of the technology company’s stock worth $1,006,251,000 after purchasing an additional 2,747,523 shares during the period. Nuveen Asset Management LLC lifted its holdings in Godaddy by 3,070.3% in the second quarter. Nuveen Asset Management LLC now owns 2,805,367 shares of the technology company’s stock valued at $196,797,000 after acquiring an additional 2,716,877 shares during the period. FMR LLC lifted its holdings in Godaddy by 32.6% in the first quarter. FMR LLC now owns 8,332,155 shares of the technology company’s stock valued at $626,495,000 after acquiring an additional 2,046,952 shares during the period. Marshall Wace LLP lifted its holdings in Godaddy by 1,989.7% in the second quarter. Marshall Wace LLP now owns 1,878,596 shares of the technology company’s stock valued at $131,784,000 after acquiring an additional 1,788,699 shares during the period. Finally, Eminence Capital LP acquired a new position in Godaddy in the second quarter valued at approximately $103,895,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on GDDY. Wedbush reiterated a “neutral” rating on shares of Godaddy in a research report on Monday, November 4th. Raymond James cut their price target on Godaddy from $86.00 to $85.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. SunTrust Banks restated a “buy” rating and set a $90.00 price target on shares of Godaddy in a research note on Friday, November 1st. ValuEngine lowered Godaddy from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Barclays raised their price target on Godaddy from $89.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock 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.

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