Insider Selling: GoDaddy Inc. (GDDY) EVP Sells $1,611,000.00 in Stock
GoDaddy Inc. (NYSE:GDDY) EVP James M. Carroll sold 50,000 shares of the business’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $32.22, for a total transaction of $1,611,000.00. Following the transaction, the executive vice president now directly owns 30,063 shares of the company’s stock, valued at $968,629.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
GoDaddy Inc. (NYSE:GDDY) opened at 33.55 on Tuesday. The stock’s market capitalization is $5.11 billion. GoDaddy Inc. has a 12 month low of $23.39 and a 12 month high of $35.35. The company’s 50-day moving average is $32.42 and its 200-day moving average is $31.47.
GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.04. GoDaddy had a negative return on equity of 3.30% and a negative net margin of 1.26%. The company had revenue of $456.20 million for the quarter, compared to the consensus estimate of $450.51 million. During the same period in the prior year, the company earned ($0.46) EPS. The firm’s revenue was up 15.6% compared to the same quarter last year. Equities analysts anticipate that GoDaddy Inc. will post ($0.04) earnings per share for the current year.
A number of large investors have recently modified their holdings of GDDY. Highbridge Capital Management LLC raised its stake in shares of GoDaddy by 1,394.6% in the fourth quarter. Highbridge Capital Management LLC now owns 208,622 shares of the company’s stock worth $6,689,000 after buying an additional 194,664 shares in the last quarter. Taylor Wealth Management Partners bought a new stake in shares of GoDaddy during the first quarter worth approximately $4,904,000. Sit Investment Associates Inc. raised its stake in shares of GoDaddy by 20.1% in the first quarter. Sit Investment Associates Inc. now owns 30,500 shares of the company’s stock worth $986,000 after buying an additional 5,100 shares in the last quarter. Aperio Group LLC raised its stake in shares of GoDaddy by 1.0% in the first quarter. Aperio Group LLC now owns 9,907 shares of the company’s stock worth $320,000 after buying an additional 98 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in shares of GoDaddy by 83.1% in the first quarter. TIAA CREF Investment Management LLC now owns 241,785 shares of the company’s stock worth $7,817,000 after buying an additional 109,760 shares in the last quarter.
GDDY has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of GoDaddy from a “hold” rating to a “sell” rating in a research report on Thursday, August 4th. Deutsche Bank AG boosted their price target on shares of GoDaddy from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Piper Jaffray Cos. restated a “buy” rating and set a $38.00 price target on shares of GoDaddy in a research report on Monday, July 18th. Raymond James Financial Inc. initiated coverage on shares of GoDaddy in a report on Tuesday, June 14th. They issued an “outperform” rating and a $37.00 target price on the stock. Finally, Royal Bank Of Canada boosted their target price on shares of GoDaddy from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, August 4th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $36.88.
GoDaddy Inc is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. The Company 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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