Godaddy Inc (GDDY) EVP Sells $1,150,637.34 in Stock

Godaddy Inc (NYSE:GDDY) EVP James M. Carroll sold 18,866 shares of Godaddy stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $60.99, for a total transaction of $1,150,637.34. Following the completion of the transaction, the executive vice president now directly owns 29,753 shares of the company’s stock, valued at $1,814,635.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Godaddy Inc (GDDY) opened at $63.98 on Friday. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market cap of $10,625.12, a PE ratio of 197.72, a price-to-earnings-growth ratio of 5.79 and a beta of 0.57. Godaddy Inc has a one year low of $35.74 and a one year high of $64.30.

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Several research firms have recently commented on GDDY. Deutsche Bank lifted their price target on shares of Godaddy from $60.00 to $72.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Piper Jaffray Companies lifted their price target on shares of Godaddy from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, November 13th. Zacks Investment Research lowered shares of Godaddy from a “hold” rating to a “sell” rating in a report on Thursday, January 18th. Morgan Stanley lifted their price target on shares of Godaddy from $56.00 to $59.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Finally, JPMorgan Chase & Co. lowered shares of Godaddy from an “overweight” rating to a “neutral” rating and set a $54.00 price target for the company. in a report on Tuesday, December 12th. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Godaddy presently has a consensus rating of “Buy” and a consensus target price of $58.63.

Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its stake in Godaddy by 48.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 362,619 shares of the technology company’s stock valued at $15,777,000 after purchasing an additional 118,109 shares during the period. California Public Employees Retirement System boosted its stake in Godaddy by 26.6% during the 4th quarter. California Public Employees Retirement System now owns 159,033 shares of the technology company’s stock valued at $7,996,000 after purchasing an additional 33,433 shares during the period. Rhumbline Advisers boosted its stake in Godaddy by 33.7% during the 3rd quarter. Rhumbline Advisers now owns 114,233 shares of the technology company’s stock valued at $4,970,000 after purchasing an additional 28,774 shares during the period. Riverbridge Partners LLC acquired a new position in Godaddy during the 4th quarter valued at about $26,202,000. Finally, Capital International Investors boosted its stake in Godaddy by 628.1% during the 3rd quarter. Capital International Investors now owns 3,715,574 shares of the technology company’s stock valued at $161,665,000 after purchasing an additional 3,205,274 shares during the period.

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Godaddy Company Profile

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.

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

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